Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by First National Trust Co

First National Trust Co lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,125 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,343 shares during the period. First National Trust Co’s holdings in Advanced Micro Devices were worth $6,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Quantbot Technologies LP purchased a new stake in Advanced Micro Devices during the 1st quarter worth approximately $331,000. Sheets Smith Wealth Management grew its holdings in shares of Advanced Micro Devices by 12.1% during the first quarter. Sheets Smith Wealth Management now owns 2,355 shares of the semiconductor manufacturer’s stock worth $425,000 after buying an additional 255 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Advanced Micro Devices by 9.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,235,836 shares of the semiconductor manufacturer’s stock worth $764,526,000 after buying an additional 382,397 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in Advanced Micro Devices by 30.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 5,562 shares of the semiconductor manufacturer’s stock valued at $1,004,000 after acquiring an additional 1,313 shares in the last quarter. Finally, Patton Fund Management Inc. purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $5,804,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on AMD shares. Wedbush reaffirmed an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Morgan Stanley decreased their price target on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Susquehanna restated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Edward Jones assumed coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating on the stock. Finally, Bank of America reissued a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

Shares of AMD opened at $147.35 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $154.44 and its two-hundred day moving average is $155.57. The firm has a market capitalization of $239.12 billion, a PE ratio of 132.75, a P/E/G ratio of 2.05 and a beta of 1.71. Advanced Micro Devices, Inc. has a twelve month low of $116.00 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

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.