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Ronald Blue Trust Inc. Takes $200,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Financial News Live ·  12/02/2022 23:52

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.

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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

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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.

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