Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Boosted by Private Trust Co. NA

Posted by on Jun 23rd, 2023

Private Trust Co. NA raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,903 shares of the semiconductor manufacturer’s stock after purchasing an additional 261 shares during the quarter. Private Trust Co. NA’s holdings in Advanced Micro Devices were worth $579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp lifted its position in shares of Advanced Micro Devices by 128.1% during the 4th quarter. SouthState Corp now owns 885 shares of the semiconductor manufacturer’s stock valued at $57,000 after acquiring an additional 497 shares during the last quarter. Redwood Investment Management LLC lifted its position in shares of Advanced Micro Devices by 155.1% during the 3rd quarter. Redwood Investment Management LLC now owns 7,789 shares of the semiconductor manufacturer’s stock valued at $494,000 after acquiring an additional 4,736 shares during the last quarter. WD Rutherford LLC lifted its position in shares of Advanced Micro Devices by 3.7% during the 1st quarter. WD Rutherford LLC now owns 40,698 shares of the semiconductor manufacturer’s stock valued at $3,989,000 after acquiring an additional 1,465 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Advanced Micro Devices by 9.6% during the 4th quarter. Van ECK Associates Corp now owns 6,079,007 shares of the semiconductor manufacturer’s stock valued at $393,737,000 after acquiring an additional 530,655 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $182,000. 68.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 30,000 shares of the firm’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $91.39, for a total transaction of $2,741,700.00. Following the completion of the transaction, the executive vice president now owns 1,516,945 shares in the company, valued at $138,633,603.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Harry A. Wolin sold 74,473 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $125.98, for a total value of $9,382,108.54. Following the completion of the transaction, the senior vice president now owns 1,424,864 shares in the company, valued at $179,504,366.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 30,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, April 6th. The shares were sold at an average price of $91.39, for a total transaction of $2,741,700.00. Following the completion of the transaction, the executive vice president now owns 1,516,945 shares of the company’s stock, valued at approximately $138,633,603.55. The disclosure for this sale can be found here. Insiders sold a total of 291,973 shares of company stock worth $33,708,784 over the last quarter. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 1.3 %

NASDAQ AMD opened at $110.70 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.74 and a current ratio of 2.38. The firm has a 50-day simple moving average of $105.61 and a 200 day simple moving average of $88.37. Advanced Micro Devices, Inc. has a twelve month low of $54.57 and a twelve month high of $132.83. The stock has a market cap of $178.27 billion, a PE ratio of 481.30, a PEG ratio of 9.08 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last announced its quarterly earnings results on Tuesday, May 2nd. The semiconductor manufacturer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Advanced Micro Devices had a net margin of 1.71% and a return on equity of 7.19%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 earnings per share. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.17 EPS for the current year.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Bank of America increased their target price on Advanced Micro Devices from $120.00 to $135.00 in a report on Wednesday, May 31st. Argus upped their price target on shares of Advanced Micro Devices from $100.00 to $170.00 in a research note on Thursday, June 15th. Mizuho upped their price target on shares of Advanced Micro Devices from $90.00 to $140.00 in a research note on Wednesday, June 14th. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $97.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, June 16th. Finally, Northland Securities upped their price target on shares of Advanced Micro Devices from $68.00 to $81.00 in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.06.

About Advanced Micro Devices

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.

See Also

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

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