Private Trust Co. NA Has $859,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Private Trust Co. NA boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,108 shares of the semiconductor manufacturer’s stock after buying an additional 841 shares during the quarter. Private Trust Co. NA’s holdings in Advanced Micro Devices were worth $859,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Bedell Frazier Investment Counselling LLC raised its position in shares of Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after acquiring an additional 74 shares in the last quarter. NCM Capital Management LLC raised its position in shares of Advanced Micro Devices by 0.9% in the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock worth $1,420,000 after acquiring an additional 75 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its position in shares of Advanced Micro Devices by 15.2% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock worth $94,000 after acquiring an additional 76 shares in the last quarter. Greenwich Wealth Management LLC raised its position in shares of Advanced Micro Devices by 5.4% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,533 shares of the semiconductor manufacturer’s stock worth $252,000 after acquiring an additional 78 shares in the last quarter. Finally, AM Investment Strategies LLC raised its position in shares of Advanced Micro Devices by 4.0% in the 3rd quarter. AM Investment Strategies LLC now owns 2,080 shares of the semiconductor manufacturer’s stock worth $341,000 after acquiring an additional 80 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

AMD stock opened at $99.81 on Friday. The business has a 50 day moving average of $116.94 and a 200-day moving average of $136.87. Advanced Micro Devices, Inc. has a 12-month low of $98.69 and a 12-month high of $227.30. The firm has a market cap of $161.74 billion, a PE ratio of 100.82, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMD has been the subject of several research analyst reports. Mizuho lowered their price objective on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Finally, Loop Capital initiated coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.