Greenleaf Trust Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Greenleaf Trust grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,426 shares of the semiconductor manufacturer’s stock after buying an additional 330 shares during the period. Greenleaf Trust’s holdings in Advanced Micro Devices were worth $3,540,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Essex Investment Management Co. LLC raised its position in Advanced Micro Devices by 72.4% in the 3rd quarter. Essex Investment Management Co. LLC now owns 10,733 shares of the semiconductor manufacturer’s stock worth $1,104,000 after buying an additional 4,508 shares during the last quarter. Varma Mutual Pension Insurance Co raised its position in Advanced Micro Devices by 8.6% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 469,185 shares of the semiconductor manufacturer’s stock worth $48,242,000 after buying an additional 37,000 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Advanced Micro Devices by 21.4% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 894,275 shares of the semiconductor manufacturer’s stock worth $91,950,000 after buying an additional 157,592 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in Advanced Micro Devices by 31.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 163,732 shares of the semiconductor manufacturer’s stock worth $16,835,000 after buying an additional 38,705 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $225,000. Institutional investors own 68.43% of the company’s stock.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 75,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $117.73, for a total value of $8,829,750.00. Following the completion of the sale, the chief executive officer now directly owns 3,347,640 shares in the company, valued at approximately $394,117,657.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 238,293 shares of company stock valued at $37,275,520. Corporate insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of several research reports. KeyCorp upped their price target on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. JPMorgan Chase & Co. boosted their price objective on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research note on Monday, January 8th. Finally, New Street Research upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $177.88.

Check Out Our Latest Stock Analysis on AMD

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $172.48 on Monday. The stock has a market cap of $275.97 billion, a PE ratio of 331.70, a P/E/G ratio of 2.59 and a beta of 1.63. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $75.92 and a twelve month high of $184.92. The stock has a fifty day simple moving average of $150.95 and a 200-day simple moving average of $123.45.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current year.

About Advanced Micro Devices

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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