Parkside Financial Bank & Trust Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Parkside Financial Bank & Trust raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,986 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,213 shares during the period. Parkside Financial Bank & Trust’s holdings in Advanced Micro Devices were worth $1,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. National Wealth Management Group LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $265,000. PDS Planning Inc raised its holdings in Advanced Micro Devices by 8.7% in the fourth quarter. PDS Planning Inc now owns 5,397 shares of the semiconductor manufacturer’s stock valued at $796,000 after buying an additional 432 shares during the period. RWA Wealth Partners LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $788,000. Sage Mountain Advisors LLC grew its stake in Advanced Micro Devices by 3.4% during the fourth quarter. Sage Mountain Advisors LLC now owns 6,014 shares of the semiconductor manufacturer’s stock worth $887,000 after buying an additional 197 shares during the period. Finally, Townsend Asset Management Corp NC ADV acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $296,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. 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. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $0.17 during mid-day trading on Wednesday, reaching $152.10. 16,976,513 shares of the company’s stock traded hands, compared to its average volume of 73,208,992. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The stock has a market capitalization of $245.81 billion, a P/E ratio of 294.33, a price-to-earnings-growth ratio of 2.26 and a beta of 1.64. The business’s 50-day moving average price is $178.79 and its 200-day moving average price is $149.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. Advanced Micro Devices’s revenue was up 10.2% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Wednesday, January 24th. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a report on Wednesday, January 31st. KeyCorp upped their price target on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Bank of America upped their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Barclays upped their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. 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, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $185.59.

About Advanced Micro Devices

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.