Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Fiduciary Trust Co

Fiduciary Trust Co increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,014 shares of the semiconductor manufacturer’s stock after acquiring an additional 594 shares during the quarter. Fiduciary Trust Co’s holdings in Advanced Micro Devices were worth $1,315,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMD. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Advanced Micro Devices by 5.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 915,039 shares of the semiconductor manufacturer’s stock worth $150,140,000 after acquiring an additional 46,004 shares during the last quarter. Providence Capital Advisors LLC increased its position in shares of Advanced Micro Devices by 0.7% during the 3rd quarter. Providence Capital Advisors LLC now owns 22,099 shares of the semiconductor manufacturer’s stock worth $3,626,000 after purchasing an additional 154 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $101,000. CreativeOne Wealth LLC raised its holdings in Advanced Micro Devices by 27.2% in the 3rd quarter. CreativeOne Wealth LLC now owns 19,664 shares of the semiconductor manufacturer’s stock valued at $3,226,000 after buying an additional 4,210 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in Advanced Micro Devices by 2.5% in the third quarter. Glenmede Trust Co. NA now owns 39,597 shares of the semiconductor manufacturer’s stock valued at $6,497,000 after buying an additional 954 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.7 %

Advanced Micro Devices stock opened at $137.18 on Friday. The company has a market capitalization of $222.62 billion, a P/E ratio of 123.59, a PEG ratio of 1.88 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $227.30. The stock has a 50-day simple moving average of $152.16 and a 200-day simple moving average of $154.06.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMD. Barclays reduced their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI upped their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Edward Jones assumed coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating on the stock. Finally, UBS Group lowered their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction 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. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

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.