M&T Bank Corp Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

M&T Bank Corp boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 127,363 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,803 shares during the quarter. M&T Bank Corp’s holdings in Advanced Micro Devices were worth $18,775,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brown Advisory Inc. raised its stake in Advanced Micro Devices by 22.9% during the third quarter. Brown Advisory Inc. now owns 27,490 shares of the semiconductor manufacturer’s stock valued at $2,827,000 after buying an additional 5,123 shares in the last quarter. Everhart Financial Group Inc. lifted its stake in Advanced Micro Devices by 3.9% during the third quarter. Everhart Financial Group Inc. now owns 8,357 shares of the semiconductor manufacturer’s stock worth $859,000 after purchasing an additional 310 shares during the last quarter. Hixon Zuercher LLC lifted its stake in Advanced Micro Devices by 1.1% during the third quarter. Hixon Zuercher LLC now owns 28,374 shares of the semiconductor manufacturer’s stock worth $2,917,000 after purchasing an additional 302 shares during the last quarter. JB Capital LLC acquired a new position in Advanced Micro Devices in the third quarter worth $2,872,000. Finally, Verdence Capital Advisors LLC increased its stake in Advanced Micro Devices by 50.9% during the third quarter. Verdence Capital Advisors LLC now owns 7,885 shares of the semiconductor manufacturer’s stock valued at $811,000 after purchasing an additional 2,660 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

AMD stock traded up $4.44 on Friday, hitting $150.60. 49,361,081 shares of the company’s stock traded hands, compared to its average volume of 55,429,640. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock has a market cap of $243.42 billion, a price-to-earnings ratio of 221.47, a P/E/G ratio of 2.36 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1-year low of $81.11 and a 1-year high of $227.30. The stock has a fifty day moving average of $175.41 and a 200-day moving average of $151.81.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on AMD. Northland Securities raised shares of 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. The Goldman Sachs Group upped their target price on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Truist Financial cut their price target on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday. Evercore ISI lowered their price objective on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.24.

Insider Activity 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 transaction, the executive vice president now directly 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 SEC, which is accessible through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the 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 completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. 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 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock worth $34,637,833 in the last quarter. 0.73% of the stock is owned by company insiders.

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.