Cambridge Trust Co. Sells 1,540 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cambridge Trust Co. lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,218 shares of the semiconductor manufacturer’s stock after selling 1,540 shares during the period. Cambridge Trust Co.’s holdings in Advanced Micro Devices were worth $6,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMD. Washburn Capital Management Inc. purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $231,000. Independence Bank of Kentucky boosted its stake in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after buying an additional 1,677 shares during the last quarter. Meridian Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 135.6% in the 3rd quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock worth $21,135,000 after buying an additional 118,090 shares during the last quarter. Gendell Jeffrey L purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth $3,085,000. Finally, Sara Bay Financial bought a new position in Advanced Micro Devices in the 4th quarter worth $315,000. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. KeyCorp raised their target price on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Mizuho lifted their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a report on Monday, January 8th. JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Finally, TD Cowen lifted their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Stock Up 0.2 %

Shares of AMD stock traded up $0.30 during trading hours on Thursday, reaching $154.32. 41,773,530 shares of the company’s stock were exchanged, compared to its average volume of 74,516,570. The stock’s 50 day moving average is $180.44 and its 200-day moving average is $148.23. The company has a market cap of $249.40 billion, a price-to-earnings ratio of 299.77, a P/E/G ratio of 2.49 and a beta of 1.64. 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 fifty-two week low of $81.02 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,143 shares of company stock valued at $62,580,844. Corporate insiders own 0.73% 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.