Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 18.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,375 shares of the semiconductor manufacturer’s stock after acquiring an additional 210 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Advanced Micro Devices were worth $105,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. MBM Wealth Consultants LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $25,000. AlphaCentric Advisors LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $32,000. Delos Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 115 shares in the last quarter. Sycomore Asset Management purchased a new position in shares of Advanced Micro Devices in the first quarter worth approximately $32,000. Finally, Cordasco Financial Network increased its position in shares of Advanced Micro Devices by 287.5% in the first quarter. Cordasco Financial Network now owns 279 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 207 shares in the last quarter. Institutional investors and hedge funds own 65.45% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 32,694 shares of the firm’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the completion of the transaction, the executive vice president now owns 37,800 shares in the company, valued at $2,910,222. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 32,694 shares of the firm’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the completion of the transaction, the executive vice president now owns 37,800 shares in the company, valued at $2,910,222. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $100.02, for a total transaction of $12,502,500.00. Following the completion of the transaction, the chief executive officer now owns 2,926,985 shares of the company’s stock, valued at approximately $292,757,039.70. The disclosure for this sale can be found here. Insiders sold a total of 161,518 shares of company stock worth $15,378,613 over the last quarter. Company insiders own 1.00% of the company’s stock.

Advanced Micro Devices Stock Up 0.3 %

AMD stock opened at $76.77 on Tuesday. Advanced Micro Devices, Inc. has a twelve month low of $71.60 and a twelve month high of $164.46. The company has a market cap of $123.93 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 0.71 and a beta of 1.97. The business’s 50-day simple moving average is $89.07 and its 200 day simple moving average is $94.02. The company has a quick ratio of 1.96, a current ratio of 2.44 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last released its earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.52 billion. Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. During the same period last year, the business earned $0.58 earnings per share. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMD. Wells Fargo & Company dropped their target price on shares of Advanced Micro Devices from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. Bank of America dropped their target price on shares of Advanced Micro Devices from $160.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, June 29th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. Susquehanna cut their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set a “positive” rating for the company in a research report on Wednesday, July 13th. Finally, KeyCorp decreased their target price on shares of Advanced Micro Devices from $150.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.30.

Advanced Micro Devices Company Profile

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

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