United Bank Raises Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

United Bank lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 111.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,650 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,503 shares during the period. United Bank’s holdings in Advanced Micro Devices were worth $803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Howard Capital Management Group LLC boosted its position in Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 324 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after purchasing an additional 588,595 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $454,000. Glenmede Trust Co. NA boosted its stake in Advanced Micro Devices by 2.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 39,597 shares of the semiconductor manufacturer’s stock worth $6,497,000 after purchasing an additional 954 shares during the period. Finally, Fiduciary Trust Co grew its position in shares of Advanced Micro Devices by 8.0% during the third quarter. Fiduciary Trust Co now owns 8,014 shares of the semiconductor manufacturer’s stock valued at $1,315,000 after purchasing an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $103.22 on Friday. The stock has a market cap of $167.27 billion, a PE ratio of 104.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $109.39 and its 200-day simple moving average is $130.82. Advanced Micro Devices, Inc. has a fifty-two week low of $94.73 and a fifty-two week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS 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%. Analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AMD shares. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Wedbush reissued an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Melius Research reissued a “hold” rating and issued a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. KeyCorp reduced their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.72.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Profile

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.