Ronald Blue Trust Inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 18.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,639 shares of the semiconductor manufacturer’s stock after selling 799 shares during the quarter. Ronald Blue Trust Inc.’s holdings in Advanced Micro Devices were worth $235,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $28,000. Western Pacific Wealth Management LP grew its stake in Advanced Micro Devices by 41.9% in the 4th quarter. Western Pacific Wealth Management LP now owns 545 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 161 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $37,000. Samalin Investment Counsel LLC grew its stake in Advanced Micro Devices by 112.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $37,000 after acquiring an additional 180 shares during the last quarter. Finally, First Manhattan Co. grew its stake in Advanced Micro Devices by 151.0% in the 3rd quarter. First Manhattan Co. now owns 615 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 370 shares during the last quarter. 68.90% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices Stock Performance
Advanced Micro Devices stock opened at $113.91 on Friday. The company has a market cap of $183.44 billion, a PE ratio of 495.26, a P/E/G ratio of 8.33 and a beta of 1.92. The company has a fifty day moving average price of $108.07 and a two-hundred day moving average price of $90.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 1.74. Advanced Micro Devices, Inc. has a 12 month low of $54.57 and a 12 month high of $132.83.
Insider Buying and Selling at Advanced Micro Devices
In other Advanced Micro Devices news, insider Victor Peng sold 105,000 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $124.57, for a total value of $13,079,850.00. Following the sale, the insider now directly owns 321,090 shares in the company, valued at $39,998,181.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Victor Peng sold 105,000 shares of Advanced Micro Devices stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $124.57, for a total transaction of $13,079,850.00. Following the sale, the insider now directly owns 321,090 shares in the company, valued at $39,998,181.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Harry A. Wolin sold 74,473 shares of Advanced Micro Devices stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $125.98, for a total transaction of $9,382,108.54. Following the sale, the senior vice president now owns 1,424,864 shares in the company, valued at $179,504,366.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 291,973 shares of company stock worth $33,708,784. 0.73% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts recently commented on AMD shares. Benchmark increased their price objective on shares of Advanced Micro Devices from $103.00 to $108.00 in a research note on Wednesday, May 3rd. Robert W. Baird raised their price target on shares of Advanced Micro Devices from $100.00 to $170.00 in a research note on Wednesday, June 14th. Wells Fargo & Company raised their price target on shares of Advanced Micro Devices from $120.00 to $150.00 in a research note on Wednesday, June 14th. Truist Financial raised their price target on shares of Advanced Micro Devices from $79.00 to $84.00 in a research note on Wednesday, May 3rd. Finally, The Goldman Sachs Group raised their price target on shares of Advanced Micro Devices from $97.00 to $137.00 in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.06.
Advanced Micro Devices Company Profile
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.
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