8,134 Shares in Advanced Micro Devices, Inc. $AMD Bought by Caldwell Trust Co

Caldwell Trust Co purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,134 shares of the semiconductor manufacturer’s stock, valued at approximately $1,154,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. Pinney & Scofield Inc. lifted its position in shares of Advanced Micro Devices by 81.0% during the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares during the last quarter. Dogwood Wealth Management LLC increased its position in Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 208 shares during the period. Avion Wealth increased its position in Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 72 shares during the period. West Branch Capital LLC lifted its holdings in shares of Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 214 shares during the last quarter. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $34,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMD has been the subject of several research analyst reports. Loop Capital set a $290.00 target price on shares of Advanced Micro Devices and gave the company a “buy” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft set a $235.00 price objective on shares of Advanced Micro Devices and gave the stock a “hold” rating in a report on Tuesday, October 14th. Wolfe Research set a $300.00 target price on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Truist Financial restated a “buy” rating and set a $279.00 price target (up from $273.00) on shares of Advanced Micro Devices in a research note on Wednesday, November 5th. Finally, Wells Fargo & Company upped their price target on Advanced Micro Devices from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $278.54.

Advanced Micro Devices Stock Down 1.5%

NASDAQ AMD opened at $207.58 on Tuesday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The company has a market capitalization of $337.95 billion, a price-to-earnings ratio of 102.76, a PEG ratio of 1.56 and a beta of 1.93. The stock’s 50 day moving average is $231.19 and its two-hundred day moving average is $180.70. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The business had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter last year, the company earned $0.92 EPS. Advanced Micro Devices’s revenue was up 35.6% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the transaction, the senior vice president directly owned 9,033 shares of the company’s stock, valued at $2,041,548.33. This trade represents a 24.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the completion of the transaction, the chief executive officer owned 3,277,476 shares in the company, valued at approximately $705,116,186.64. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 183,476 shares of company stock worth $40,249,093 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

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.