Ballentine Partners LLC Buys 2,716 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ballentine Partners LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,770 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,716 shares during the period. Ballentine Partners LLC’s holdings in Advanced Micro Devices were worth $3,946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMD. Activest Wealth Management bought a new stake in Advanced Micro Devices in the 3rd quarter valued at $26,000. Peoples Bank KS bought a new stake in Advanced Micro Devices in the 3rd quarter valued at $26,000. Spartan Planning & Wealth Management purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth $27,000. Castleview Partners LLC grew its stake in shares of Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Finally, Indiana Trust & Investment Management CO purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth $31,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Up 1.2 %

Shares of NASDAQ:AMD traded up $2.07 during trading hours on Wednesday, hitting $180.77. The company’s stock had a trading volume of 49,681,008 shares, compared to its average volume of 77,219,258. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The company has a market capitalization of $292.15 billion, a price-to-earnings ratio of 347.66, a P/E/G ratio of 2.76 and a beta of 1.64. The firm’s fifty day moving average price is $182.01 and its 200 day moving average price is $143.34.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.67 EPS for the current year.

Insider Buying and Selling

In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Insiders sold a total of 324,943 shares of company stock worth $59,919,994 in the last 90 days. 0.65% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMD has been the subject of a number of recent research reports. Truist Financial lifted their price objective on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, December 7th. Susquehanna lifted their price objective on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the stock a “positive” rating in a research note on Monday, January 29th. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $190.00 to $195.00 in a research note on Tuesday, January 30th. Finally, TD Cowen lifted their price target on shares of Advanced Micro Devices from $130.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $181.82.

View Our Latest Analysis on AMD

Advanced Micro Devices Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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