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

Massmutual Trust Co. FSB ADV lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 18.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,375 shares of the semiconductor manufacturer’s stock after acquiring an additional 210 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Advanced Micro Devices were worth $105,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. MBM Wealth Consultants LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $25,000. AlphaCentric Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $32,000. Delos Wealth Advisors LLC lifted its stake in shares of Advanced Micro Devices by 95.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 115 shares in the last quarter. Sycomore Asset Management acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $32,000. Finally, Cordasco Financial Network lifted its stake in shares of Advanced Micro Devices by 287.5% in the 1st quarter. Cordasco Financial Network now owns 279 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 207 shares in the last quarter. 65.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMD. Susquehanna Bancshares reduced their price objective on Advanced Micro Devices from $140.00 to $120.00 and set a “positive” rating on the stock in a research note on Wednesday, July 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, June 14th. Mizuho dropped their target price on Advanced Micro Devices from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, September 15th. Northland Securities raised their target price on Advanced Micro Devices from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Finally, Citigroup dropped their target price on Advanced Micro Devices from $110.00 to $96.00 and set a “neutral” rating on the stock in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $125.30.

Advanced Micro Devices Trading Up 0.3 %

Advanced Micro Devices stock opened at $76.77 on Tuesday. The firm’s 50-day moving average is $89.07 and its 200-day moving average is $94.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.44. Advanced Micro Devices, Inc. has a 1 year low of $71.60 and a 1 year high of $164.46. The company has a market cap of $123.93 billion, a P/E ratio of 32.03, a PEG ratio of 0.71 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the business posted $0.58 earnings per share. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, SVP Forrest Eugene Norrod sold 824 shares of Advanced Micro Devices stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $99.31, for a total value of $81,831.44. Following the sale, the senior vice president now directly owns 276,816 shares in the company, valued at approximately $27,490,596.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 824 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $99.31, for a total transaction of $81,831.44. Following the transaction, the senior vice president now owns 276,816 shares of the company’s stock, valued at approximately $27,490,596.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,926,985 shares in the company, valued at approximately $292,757,039.70. The disclosure for this sale can be found here. Insiders have sold a total of 161,518 shares of company stock worth $15,378,613 in the last ninety days. 1.00% of the stock is owned by insiders.

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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