WASHINGTON TRUST Co Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

WASHINGTON TRUST Co grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 63.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,231 shares of the semiconductor manufacturer’s stock after acquiring an additional 478 shares during the quarter. WASHINGTON TRUST Co’s holdings in Advanced Micro Devices were worth $181,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. Activest Wealth Management purchased a new stake in Advanced Micro Devices in the 3rd quarter valued at about $26,000. Peoples Bank KS purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth approximately $26,000. Spartan Planning & Wealth Management acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $27,000. Castleview Partners LLC boosted its position in shares of Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 90 shares during the period. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at $31,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold a total of 324,943 shares of company stock worth $59,919,994 in the last quarter. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $180.49 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The firm has a market capitalization of $291.70 billion, a P/E ratio of 347.10, a PEG ratio of 2.67 and a beta of 1.66. The company’s fifty day moving average is $181.02 and its two-hundred day moving average is $140.97.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. Analysts forecast that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Analyst Ratings Changes

AMD has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, January 31st. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price objective on shares of Advanced Micro Devices in a report on Thursday, December 7th. Susquehanna raised their price target on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the company a “positive” rating in a research report on Monday, January 29th. Mizuho boosted their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $190.00 price objective on shares of Advanced Micro Devices in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.82.

Advanced Micro Devices Company 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.