Norway Savings Bank Raises Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Norway Savings Bank boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,747 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,216 shares during the period. Norway Savings Bank’s holdings in Advanced Micro Devices were worth $882,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Aspire Private Capital LLC bought a new stake in Advanced Micro Devices during the 1st quarter valued at $12,055,230,000. Tucker Asset Management LLC bought a new stake in Advanced Micro Devices during the 1st quarter valued at $31,000. Samalin Investment Counsel LLC raised its holdings in Advanced Micro Devices by 112.5% during the 1st quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 180 shares during the last quarter. NewSquare Capital LLC raised its holdings in Advanced Micro Devices by 170.8% during the 1st quarter. NewSquare Capital LLC now owns 417 shares of the semiconductor manufacturer’s stock valued at $41,000 after buying an additional 263 shares during the last quarter. Finally, JNBA Financial Advisors raised its holdings in Advanced Micro Devices by 186.7% during the 1st quarter. JNBA Financial Advisors now owns 430 shares of the semiconductor manufacturer’s stock valued at $42,000 after buying an additional 280 shares during the last quarter. 68.43% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

AMD traded down $5.14 during trading on Friday, reaching $101.49. 71,103,616 shares of the company traded hands, compared to its average volume of 63,968,188. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.58 and a current ratio of 2.18. Advanced Micro Devices, Inc. has a 12-month low of $54.57 and a 12-month high of $132.83. The firm has a fifty day simple moving average of $109.97 and a 200 day simple moving average of $104.47. The company has a market cap of $163.97 billion, a P/E ratio of -5,071.96, a PEG ratio of 5.98 and a beta of 1.80.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the firm posted $0.91 EPS. The company’s revenue was down 18.2% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.01 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on AMD shares. JPMorgan Chase & Co. upped their price objective on shares of Advanced Micro Devices from $92.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. HSBC upped their price objective on shares of Advanced Micro Devices from $77.00 to $120.00 in a report on Thursday, June 15th. Jefferies Financial Group upped their price objective on shares of Advanced Micro Devices from $100.00 to $145.00 in a report on Wednesday, June 14th. Piper Sandler upped their price objective on shares of Advanced Micro Devices from $110.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, June 6th. Finally, Barclays upped their price objective on shares of Advanced Micro Devices from $90.00 to $145.00 in a report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, seven 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, the company currently has an average rating of “Moderate Buy” and an average price target of $135.19.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 14,942 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total transaction of $1,586,989.82. Following the completion of the sale, the executive vice president now directly owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Paul Darren Grasby sold 14,942 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the transaction, the executive vice president now directly owns 103,663 shares of the company’s stock, valued at $11,010,047.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 75,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total transaction of $7,905,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,358,721 shares of the company’s stock, valued at $354,009,193.40. The disclosure for this sale can be found here. Insiders sold a total of 196,643 shares of company stock valued at $21,395,584 in the last three months. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.