1,610 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,610 shares of the semiconductor manufacturer’s stock, valued at approximately $237,000.

Several other large investors have also modified their holdings of AMD. Bare Financial Services Inc acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Gables Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Kathleen S. Wright Associates Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth $30,000. Finally, Addison Advisors LLC increased its holdings in Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMD. Morgan Stanley reduced their target price on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Truist Financial lowered their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. Wedbush reissued an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Finally, Jefferies Financial Group began coverage on Advanced Micro Devices in a research note on Monday, May 13th. They set a “buy” rating and a $190.00 target price for the company. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $185.26.

View Our Latest Stock Analysis on AMD

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $1.09 during mid-day trading on Friday, reaching $167.87. 44,795,998 shares of the company’s stock were exchanged, compared to its average volume of 50,097,296. The firm has a market capitalization of $271.33 billion, a price-to-earnings ratio of 246.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.69. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The firm has a 50-day moving average price of $161.33 and a two-hundred day moving average price of $161.36.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for 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%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $290,290,831.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,400 shares of company stock worth $30,077,126. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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