NBT Bank N A NY Has $246,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

NBT Bank N A NY grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,038 shares of the semiconductor manufacturer’s stock after acquiring an additional 165 shares during the period. NBT Bank N A NY’s holdings in Advanced Micro Devices were worth $246,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices in the 4th quarter worth approximately $32,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $96.76 on Wednesday. The business’s fifty day moving average price is $113.39 and its two-hundred day moving average price is $134.17. Advanced Micro Devices, Inc. has a fifty-two week low of $94.73 and a fifty-two week high of $202.85. The stock has a market capitalization of $156.80 billion, a price-to-earnings ratio of 97.74, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

AMD has been the subject of several analyst reports. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Mizuho reduced their target price on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Barclays reduced their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Benchmark restated a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Finally, UBS Group set a $175.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.73% of the company’s stock.

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.