Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,249 shares of the semiconductor manufacturer’s stock after buying an additional 706 shares during the period. Orrstown Financial Services Inc.’s holdings in Advanced Micro Devices were worth $513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMD. Creative Capital Management Investments LLC increased its position in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares during the period. ZRC Wealth Management LLC grew its holdings in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares during the period. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $32,000. Finally, FSA Wealth Management LLC bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at about $41,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,036 shares of company stock valued at $28,165,821. Insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AMD. Evercore ISI increased their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Loop Capital began coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price for the company. Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, Mizuho reduced their price objective on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.07.

Advanced Micro Devices Stock Up 2.9 %

Shares of NASDAQ AMD traded up $3.27 during mid-day trading on Wednesday, reaching $117.44. 5,457,993 shares of the company traded hands, compared to its average volume of 37,342,117. The company’s fifty day moving average is $127.14 and its two-hundred day moving average is $142.27. Advanced Micro Devices, Inc. has a fifty-two week low of $112.80 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock has a market cap of $190.58 billion, a PE ratio of 105.80, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

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.