Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,000 shares of the semiconductor manufacturer's stock after acquiring an additional 8,000 shares during the period. Advanced Micro Devices makes up about 1.3% of Inspire Trust Co. N.A.'s investment portfolio, making the stock its 18th largest position. Inspire Trust Co. N.A.'s holdings in Advanced Micro Devices were worth $4,952,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Koshinski Asset Management Inc. boosted its stake in shares of Advanced Micro Devices by 1.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after acquiring an additional 91 shares in the last quarter. Pure Financial Advisors LLC boosted its position in shares of Advanced Micro Devices by 2.4% in the 4th quarter. Pure Financial Advisors LLC now owns 4,238 shares of the semiconductor manufacturer's stock valued at $512,000 after purchasing an additional 101 shares during the period. ZWJ Investment Counsel Inc. boosted its position in shares of Advanced Micro Devices by 73.2% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 2,532 shares of the semiconductor manufacturer's stock valued at $306,000 after purchasing an additional 1,070 shares during the period. Clear Harbor Asset Management LLC increased its stake in Advanced Micro Devices by 100.8% in the 4th quarter. Clear Harbor Asset Management LLC now owns 6,664 shares of the semiconductor manufacturer's stock worth $805,000 after purchasing an additional 3,346 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in Advanced Micro Devices by 202.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 9,340 shares of the semiconductor manufacturer's stock worth $1,128,000 after buying an additional 6,255 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMD. Summit Insights upgraded shares of Advanced Micro Devices to a "hold" rating in a report on Tuesday, February 4th. Bank of America boosted their target price on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Susquehanna decreased their target price on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Loop Capital lowered their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, Melius downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $132.58.

Advanced Micro Devices Stock Down 1.3%

AMD stock opened at $112.06 on Thursday. The stock has a market capitalization of $181.69 billion, a price-to-earnings ratio of 113.19, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a 50-day moving average of $99.74 and a two-hundred day moving average of $114.50. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. 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 - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has initiated a share repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.06% of the company's stock.

About Advanced Micro Devices

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.

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