Blue Trust Inc. Has $1.49 Million Stake in Advanced Micro Devices, Inc. $AMD

Blue Trust Inc. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 69.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,236 shares of the semiconductor manufacturer’s stock after buying an additional 3,786 shares during the period. Blue Trust Inc.’s holdings in Advanced Micro Devices were worth $1,494,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMD. Pinney & Scofield Inc. boosted its position in Advanced Micro Devices by 81.0% during the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the last quarter. Dogwood Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 208 shares in the last quarter. Avion Wealth lifted its position in shares of Advanced Micro Devices by 49.3% in the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 72 shares in the last quarter. West Branch Capital LLC boosted its holdings in Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 214 shares during the last quarter. Finally, Evolution Wealth Management Inc. bought a new position in Advanced Micro Devices in the second quarter valued at $34,000. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,108 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the transaction, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. This represents a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $215.14, for a total value of $26,892,500.00. Following the sale, the chief executive officer directly owned 3,277,476 shares of the company’s stock, valued at $705,116,186.64. This represents a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 181,226 shares of company stock worth $39,877,820 over the last three months. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Roth Capital restated a “buy” rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Wells Fargo & Company upped their target price on Advanced Micro Devices from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, November 12th. Susquehanna restated a “positive” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 31st. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, October 8th. Finally, KGI Securities set a $260.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $277.06.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $214.99 on Friday. The company has a market cap of $350.01 billion, a P/E ratio of 106.43, a P/E/G ratio of 1.59 and a beta of 1.93. The firm’s fifty day moving average price is $228.40 and its two-hundred day moving average price is $185.71. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. Advanced Micro Devices’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.