American Trust Buys Shares of 1,231 Advanced Micro Devices, Inc. (NASDAQ:AMD)

American Trust bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,231 shares of the semiconductor manufacturer’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc increased its position in shares of Advanced Micro Devices by 5.5% during the fourth quarter. Pinnacle Financial Partners Inc now owns 3,568 shares of the semiconductor manufacturer’s stock worth $526,000 after acquiring an additional 185 shares during the period. Trust Point Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $1,125,000. Tsfg LLC increased its position in shares of Advanced Micro Devices by 61.3% during the fourth quarter. Tsfg LLC now owns 579 shares of the semiconductor manufacturer’s stock worth $85,000 after acquiring an additional 220 shares during the period. Clear Creek Financial Management LLC increased its position in shares of Advanced Micro Devices by 30.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 2,554 shares of the semiconductor manufacturer’s stock worth $376,000 after acquiring an additional 595 shares during the period. Finally, China Universal Asset Management Co. Ltd. increased its position in shares of Advanced Micro Devices by 144.4% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 34,270 shares of the semiconductor manufacturer’s stock worth $5,052,000 after acquiring an additional 20,250 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMD. Jefferies Financial Group assumed coverage on Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 price objective on the stock. Roth Mkm dropped their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. TD Cowen increased their target price on Advanced Micro Devices from $200.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Citigroup increased their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Benchmark dropped their target price on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded down $0.04 during mid-day trading on Friday, reaching $132.50. The company had a trading volume of 78,561,997 shares, compared to its average volume of 60,147,232. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 1.92. The company has a market capitalization of $214.45 billion, a P/E ratio of 194.86, a P/E/G ratio of 1.79 and a beta of 1.69. The stock’s 50-day simple moving average is $160.41 and its 200-day simple moving average is $167.82.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the company posted $0.40 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.58 EPS for the current year.

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.