Community Bank & Trust Waco Texas Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Community Bank & Trust Waco Texas bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,130 shares of the semiconductor manufacturer’s stock, valued at approximately $1,051,000.

Other institutional investors also recently added to or reduced their stakes in the company. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the fourth quarter valued at $29,000. Kathleen S. Wright Associates Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $30,000. Peoples Bank KS acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $26,000. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $27,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its position in shares of Advanced Micro Devices by 36.2% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock worth $40,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMD. Morgan Stanley lifted their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. The Goldman Sachs Group boosted their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. DZ Bank reiterated a “hold” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Finally, Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $0.96 during trading on Wednesday, reaching $151.31. 25,158,294 shares of the company’s stock traded hands, compared to its average volume of 73,308,828. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $244.54 billion, a P/E ratio of 294.33, a PEG ratio of 2.26 and a beta of 1.64. The firm’s 50-day moving average is $178.79 and its 200 day moving average is $149.88.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the sale, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 341,143 shares of company stock valued at $62,580,844. Company insiders own 0.65% of the company’s stock.

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.