Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by First National Trust Co

First National Trust Co lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,055 shares of the semiconductor manufacturer’s stock after selling 100 shares during the quarter. First National Trust Co’s holdings in Advanced Micro Devices were worth $1,040,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AMD. Vanguard Group Inc. boosted its position in shares of Advanced Micro Devices by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock valued at $14,400,437,000 after purchasing an additional 1,153,611 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Advanced Micro Devices by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after buying an additional 600,638 shares in the last quarter. Jennison Associates LLC lifted its stake in Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after buying an additional 1,490,997 shares in the last quarter. Northern Trust Corp lifted its stake in Advanced Micro Devices by 2.5% during the third quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock valued at $1,631,021,000 after buying an additional 385,636 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Advanced Micro Devices by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,693,736 shares of the semiconductor manufacturer’s stock valued at $893,890,000 after buying an additional 79,817 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock traded up $4.44 during midday trading on Friday, hitting $150.60. The stock had a trading volume of 49,361,081 shares, compared to its average volume of 55,429,640. The firm has a market capitalization 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 52 week low of $81.11 and a 52 week high of $227.30. The stock has a 50-day simple moving average of $175.41 and a 200 day simple moving average of $151.81. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on 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 completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock valued at $34,637,833 over the last ninety days. 0.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on AMD. Bank of America upped their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Piper Sandler reissued an “overweight” rating and issued a $175.00 price target (down from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday. Barclays increased their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Finally, UBS Group reduced their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday. One equities 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $184.24.

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.