First United Bank & Trust acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ: AMD – Get Rating) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,335 shares of the semiconductor manufacturer’s stock, valued at approximately $ 255,000.
Several other large investors also recently made changes to their positions in AMD. Norges Bank purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $ 1,423,132,000. Bank of Montreal Can raised its holdings in shares of Advanced Micro Devices by 212.9% during the 4th quarter. Bank of Montreal Can now owns 7,652,195 shares of the semiconductor manufacturer’s stock worth $ 1,124,107,000 after acquiring an additional 5,206,885 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Advanced Micro Devices by 26.5% during the 4th quarter. Fisher Asset Management LLC now owns 19,956,550 shares of the semiconductor manufacturer’s stock worth $ 2,871,748,000 after acquiring an additional 4,177,219 shares in the last quarter. 1832 Asset Management LP raised its holdings in shares of Advanced Micro Devices by 1,708.5% during the 4th quarter. 1832 Asset Management LP now owns 3,666,565 shares of the semiconductor manufacturer’s stock worth $ 535,268,000 after acquiring an additional 3,463,827 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Advanced Micro Devices by 314.6% during the 1st quarter. Nordea Investment Management AB now owns 4,436,306 shares of the semiconductor manufacturer’s stock worth $ 503,210,000 after acquiring an additional 3,366,363 shares in the last quarter. Institutional investors own 69.61% of the company stock.
In other Advanced Micro Devices news, Director John Edward Caldwell sold 10,000 shares of the stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $ 109.28, for a total value of $ 1,092,800.00. Following the completion of the sale, the director now directly owns 4,672 shares in the company, valued at $ 510,556.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Devinder Kumar sold 20,000 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $ 102.44, for a total value of $ 2,048,800.00. Following the completion of the sale, the chief financial officer now owns 504,370 shares of the company stock, valued at $ 51,667,662.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,966 shares of company stock valued at $ 6,038,200. 1.00% of the stock is currently owned by company insiders.
Several analysts have recently issued reports on AMD shares. Wedbush reaffirmed an “outperform” rating and set a $ 165.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, June 8th. Truist Financial decreased their price target on Advanced Micro Devices from $ 144.00 to $ 111.00 and set a “hold” rating on the stock in a report on Friday, April 8th. Wells Fargo & Company decreased their price target on Advanced Micro Devices from $ 180.00 to $ 140.00 and set an “overweight” rating on the stock in a report on Friday, April 22nd. StockNews.com initiated coverage on Advanced Micro Devices in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $ 100.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, June 14th. Ten research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $ 136.93.
Shares of AMD stock opened at $ 77.99 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $ 76.51 and a 1-year high of $ 164.46. The stock’s 50-day moving average is $ 92.18 and its 200 day moving average is $ 110.58. The company has a market cap of $ 126.38 billion, a P / E ratio of 28.99, a PEG ratio of 0.66 and a beta of 1.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.40 and a quick ratio of 1.96.
Advanced Micro Devices (NASDAQ: AMD – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The semiconductor manufacturer reported $ 1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $ 0.83 by $ 0.19. Advanced Micro Devices had a return on equity of 20.66% and a net margin of 17.98%. The company had revenue of $ 5.89 billion for the quarter, compared to the estimate consensus of $ 5.57 billion. During the same quarter last year, the company earned $ 0.47 earnings per share. The firm’s revenue for the quarter was up 70.9% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 4.01 EPS for the current year.
Advanced Micro Devices Company Profile: (Get Rating)
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.
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