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

Advanced Micro Devices logo with Computer and Technology background

Inspire Trust Co. N.A. decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 53.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,000 shares of the semiconductor manufacturer's stock after selling 22,000 shares during the quarter. Inspire Trust Co. N.A.'s holdings in Advanced Micro Devices were worth $1,952,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its stake in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after purchasing an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after purchasing an additional 29,825 shares in the last quarter. Cohen & Steers Inc. increased its stake in Advanced Micro Devices by 6.0% in the 4th quarter. Cohen & Steers Inc. now owns 2,256 shares of the semiconductor manufacturer's stock worth $273,000 after purchasing an additional 127 shares in the last quarter. Finally, Anchor Investment Management LLC lifted its stake in Advanced Micro Devices by 2.8% in the 4th quarter. Anchor Investment Management LLC now owns 7,886 shares of the semiconductor manufacturer's stock worth $953,000 after acquiring an additional 213 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $184.42 on Thursday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock's 50 day moving average price is $148.18 and its two-hundred day moving average price is $119.36. The firm has a market capitalization of $299.28 billion, a price-to-earnings ratio of 105.99, a P/E/G ratio of 2.07 and a beta of 1.94. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a share buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have commented on AMD shares. Morgan Stanley decreased their price objective on Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Sanford C. Bernstein increased their price objective on Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a report on Monday, July 21st. Roth Capital set a $150.00 price objective on Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. TD Cowen raised their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, DZ Bank raised Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 price objective on the stock in a report on Thursday, August 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $180.12.

Read Our Latest Report on Advanced Micro Devices

About Advanced Micro Devices

(Free Report)

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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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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