Global Trust Asset Management LLC Has $221,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Global Trust Asset Management LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,830 shares of the semiconductor manufacturer’s stock after purchasing an additional 216 shares during the quarter. Global Trust Asset Management LLC’s holdings in Advanced Micro Devices were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Advisory Alpha LLC lifted its stake in shares of Advanced Micro Devices by 9.7% in the 4th quarter. Advisory Alpha LLC now owns 5,636 shares of the semiconductor manufacturer’s stock valued at $681,000 after purchasing an additional 498 shares during the period. West Branch Capital LLC increased its holdings in Advanced Micro Devices by 8.5% in the fourth quarter. West Branch Capital LLC now owns 3,867 shares of the semiconductor manufacturer’s stock valued at $467,000 after purchasing an additional 302 shares during the last quarter. AFG Fiduciary Services Limited Partnership increased its holdings in Advanced Micro Devices by 16.5% in the fourth quarter. AFG Fiduciary Services Limited Partnership now owns 28,690 shares of the semiconductor manufacturer’s stock valued at $3,442,000 after purchasing an additional 4,058 shares during the last quarter. Red Spruce Capital LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $271,000. Finally, Sheets Smith Wealth Management boosted its holdings in Advanced Micro Devices by 157.5% during the fourth quarter. Sheets Smith Wealth Management now owns 5,198 shares of the semiconductor manufacturer’s stock worth $628,000 after buying an additional 3,179 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated 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 owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AMD shares. UBS Group cut their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. TD Cowen cut their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price target for the company from $175.00 to $129.00 in a report on Friday, January 10th. HSBC restated a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.71.

Advanced Micro Devices Trading Up 0.7 %

Shares of Advanced Micro Devices stock opened at $122.28 on Wednesday. Advanced Micro Devices, Inc. has a 12-month low of $114.41 and a 12-month high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $128.99 and its 200-day moving average is $144.41. The stock has a market cap of $198.44 billion, a P/E ratio of 110.16, a P/E/G ratio of 1.07 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.