Ronald Blue Trust Inc. bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,823 shares of the semiconductor manufacturer's stock, valued at approximately $200,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Advanced Micro Devices by 36.9% during the first quarter. Vanguard Group Inc. now owns 133,525,143 shares of the semiconductor manufacturer's stock worth $14,599,640,000 after acquiring an additional 36,016,818 shares in the last quarter. BlackRock Inc. increased its position in Advanced Micro Devices by 34.6% during the first quarter. BlackRock Inc. now owns 119,569,366 shares of the semiconductor manufacturer's stock worth $13,073,716,000 after buying an additional 30,732,205 shares during the last quarter. State Street Corp increased its position in Advanced Micro Devices by 37.5% during the first quarter. State Street Corp now owns 65,577,025 shares of the semiconductor manufacturer's stock worth $7,170,192,000 after buying an additional 17,896,122 shares during the last quarter. FMR LLC increased its position in Advanced Micro Devices by 7.3% during the second quarter. FMR LLC now owns 49,140,967 shares of the semiconductor manufacturer's stock worth $3,757,811,000 after buying an additional 3,358,202 shares during the last quarter. Finally, Northern Trust Corp increased its position in Advanced Micro Devices by 35.5% during the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer's stock worth $1,868,258,000 after buying an additional 4,475,368 shares during the last quarter. Institutional investors own 65.45% of the company's stock.
Get
Advanced Micro Devices alerts:
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Northland Securities downgraded Advanced Micro Devices from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $80.00 to $60.00 in a research report on Monday, October 31st. Raymond James decreased their target price on Advanced Micro Devices from $100.00 to $80.00 in a research report on Wednesday, November 2nd. Benchmark decreased their target price on Advanced Micro Devices to $95.00 in a research report on Thursday, October 13th. The Goldman Sachs Group decreased their target price on Advanced Micro Devices from $84.00 to $74.00 and set a "buy" rating on the stock in a research report on Thursday, November 3rd. Finally, Susquehanna Bancshares decreased their target price on Advanced Micro Devices to $95.00 in a research report on Friday, September 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.88.
Insider Activity
In other news, EVP Paul Darren Grasby sold 10,425 shares of the stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $57.45, for a total value of $598,916.25. Following the completion of the transaction, the executive vice president now directly owns 130,028 shares in the company, valued at approximately $7,470,108.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through
this hyperlink. 1.00% of the stock is owned by corporate insiders.
Advanced Micro Devices Stock Down 0.2 %
Shares of AMD opened at $77.48 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $54.57 and a 52 week high of $156.73. The stock has a market capitalization of $124.93 billion, a price-to-earnings ratio of 46.40, a PEG ratio of 1.46 and a beta of 1.95. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.65 and a current ratio of 2.16. The stock has a fifty day moving average of $65.43 and a 200-day moving average of $80.87.
Advanced Micro Devices (NASDAQ:AMD – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The semiconductor manufacturer reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Advanced Micro Devices had a net margin of 9.96% and a return on equity of 11.17%. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.97 earnings per share for the current fiscal year.
Advanced Micro Devices Company Profile
(Get Rating)
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.
Featured Stories
- Get a free copy of the StockNews.com research report on Advanced Micro Devices (AMD)
- Ford Revving Up Production Of EV Power Units At U.K. Plant
- Are the Short Sellers Still Right About Mullen Automotive stock?
- La-Z-Boy Reclines To More Comfortable Levels
- Is The Recovery Rally Here For SoFi?
- Is Apple Going To Rally Into Year End?
Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating).
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.
