Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Raised by First American Trust FSB

First American Trust FSB raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 46,879 shares of the semiconductor manufacturer’s stock after purchasing an additional 13,146 shares during the period. First American Trust FSB’s holdings in Advanced Micro Devices were worth $6,910,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. acquired a new stake in Advanced Micro Devices during the first quarter worth about $836,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Advanced Micro Devices by 49.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock worth $260,746,000 after acquiring an additional 791,710 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in shares of Advanced Micro Devices by 34.9% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock worth $293,000 after buying an additional 692 shares during the period. Raymond James Trust N.A. grew its position in shares of Advanced Micro Devices by 104.8% during the 1st quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock worth $870,000 after buying an additional 4,072 shares during the period. Finally, Baird Financial Group Inc. grew its position in shares of Advanced Micro Devices by 217.2% during the 1st quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock worth $43,524,000 after buying an additional 272,557 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded down $2.96 during trading hours on Monday, reaching $160.32. 61,389,301 shares of the stock traded hands, compared to its average volume of 75,234,789. The company has a 50 day moving average price of $181.15 and a 200 day moving average price of $147.36. The firm has a market capitalization of $259.10 billion, a price-to-earnings ratio of 311.41, a P/E/G ratio of 2.49 and a beta of 1.64. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same period in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMD. TD Cowen boosted their price objective on shares of Advanced Micro Devices from $130.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. KeyCorp raised their price target on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Wells Fargo & Company raised their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, DZ Bank restated a “hold” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.52.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock valued at $59,919,994 in the last quarter. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Company 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.