Private Trust Co. NA Purchases 1,320 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Private Trust Co. NA increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 24.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,668 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,320 shares during the period. Private Trust Co. NA’s holdings in Advanced Micro Devices were worth $729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $25,000. AlphaCentric Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $32,000. First Command Financial Services Inc. acquired a new position in Advanced Micro Devices in the fourth quarter worth $34,000. Delos Wealth Advisors LLC boosted its stake in Advanced Micro Devices by 95.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 115 shares in the last quarter. Finally, Level Financial Advisors Inc. acquired a new position in Advanced Micro Devices in the fourth quarter worth $36,000. Institutional investors and hedge funds own 69.61% of the company’s stock.

In related news, Director John Edward Caldwell sold 10,000 shares of the stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $109.28, for a total transaction of $1,092,800.00. Following the completion of the transaction, the director now directly owns 4,672 shares of the company’s stock, valued at $510,556.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 20,180 shares of the stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of $125.00, for a total value of $2,522,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,146 shares of company stock valued at $8,560,700. 1.00% of the stock is owned by corporate insiders.

A number of research firms have commented on AMD. Morgan Stanley began coverage on Advanced Micro Devices in a research note on Wednesday. They issued an “overweight” rating and a $103.00 price objective on the stock. Truist Financial cut their price target on Advanced Micro Devices from $144.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, April 8th. Piper Sandler raised Advanced Micro Devices from a “neutral” rating to an “overweight” rating and upped their price target for the company from $98.00 to $140.00 in a research note on Tuesday, May 17th. Mizuho cut their price target on Advanced Micro Devices from $160.00 to $145.00 in a research note on Wednesday, May 4th. Finally, lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.79.

NASDAQ:AMD opened at $83.75 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.96 and a current ratio of 2.40. The company has a market cap of $135.72 billion, a PE ratio of 31.13, a PEG ratio of 0.64 and a beta of 1.86. Advanced Micro Devices, Inc. has a 52-week low of $79.43 and a 52-week high of $164.46. The stock has a 50-day simple moving average of $93.31 and a 200 day simple moving average of $112.60.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The semiconductor manufacturer reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.19. The business had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.57 billion. Advanced Micro Devices had a return on equity of 20.66% and a net margin of 17.98%. Advanced Micro Devices’s quarterly revenue was up 70.9% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. On average, research analysts predict that Advanced Micro Devices, Inc. will post 4.01 earnings per share for the current fiscal year.

About Advanced Micro Devices (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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