Greenleaf Trust Purchases 747 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Greenleaf Trust lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,173 shares of the semiconductor manufacturer’s stock after buying an additional 747 shares during the period. Greenleaf Trust’s holdings in Advanced Micro Devices were worth $5,185,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Washburn Capital Management Inc. purchased a new position in Advanced Micro Devices in the 4th quarter worth about $231,000. Independence Bank of Kentucky boosted its holdings in Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 1,677 shares during the last quarter. Meridian Wealth Management LLC raised its stake in Advanced Micro Devices by 135.6% during the 3rd quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock valued at $21,135,000 after buying an additional 118,090 shares during the last quarter. Gendell Jeffrey L bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at $3,085,000. Finally, Sara Bay Financial purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $315,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMD. Truist Financial increased their target price on Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their target price for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Barclays boosted their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Susquehanna reaffirmed a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. boosted their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 5.4 %

Shares of AMD stock opened at $146.64 on Friday. The company has a market cap of $236.99 billion, a PE ratio of 282.01, a price-to-earnings-growth ratio of 2.36 and a beta of 1.64. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30. The stock’s 50 day simple moving average is $179.64 and its two-hundred day simple moving average is $148.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 2.63 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.