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Florida Trust Wealth Management Co Has $35.68 Million Holdings in Advanced Micro Devices, Inc. $AMD

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Key Points

  • Florida Trust Wealth Management trimmed its stake in AMD by 2.2% in Q4, selling 3,706 shares to hold 166,619 shares valued at about $35.68 million, representing roughly 1.0% of its portfolio and the firm's 25th-largest holding.
  • AMD beat expectations last quarter with $1.53 EPS vs. $1.32 expected and $10.27 billion in revenue (up 34.1% YoY), and analysts maintain a "Moderate Buy" consensus with an average price target of $290.53.
  • Significant insider selling occurred recently—239,392 shares worth about $50.02 million were sold in the past three months—while institutional investors own about 71.34% of the company.
  • Interested in Advanced Micro Devices? Here are five stocks we like better.

Florida Trust Wealth Management Co trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 166,619 shares of the semiconductor manufacturer's stock after selling 3,706 shares during the quarter. Advanced Micro Devices comprises about 1.0% of Florida Trust Wealth Management Co's investment portfolio, making the stock its 25th largest holding. Florida Trust Wealth Management Co's holdings in Advanced Micro Devices were worth $35,683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. ORG Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 46 shares during the period. Koesten Hirschmann & Crabtree INC. increased its stake in Advanced Micro Devices by 61.0% during the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 61 shares during the period. Aviso Financial Inc. increased its stake in Advanced Micro Devices by 400.0% during the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer's stock worth $32,000 after acquiring an additional 160 shares during the period. Delos Wealth Advisors LLC raised its holdings in Advanced Micro Devices by 100.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer's stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Evolution Wealth Management Inc. acquired a new position in Advanced Micro Devices in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $217.50 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The stock has a market capitalization of $354.60 billion, a price-to-earnings ratio of 82.08, a PEG ratio of 0.82 and a beta of 1.96. The stock has a fifty day moving average of $209.87 and a 200-day moving average of $214.87.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.21. The business had revenue of $10.27 billion for the quarter, compared to analyst estimates of $9.65 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.Advanced Micro Devices's quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,442 shares of the company's stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $234.42, for a total value of $572,453.64. Following the completion of the transaction, the senior vice president owned 16,359 shares of the company's stock, valued at $3,834,876.78. This represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 7,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the completion of the transaction, the executive vice president owned 129,598 shares of the company's stock, valued at approximately $26,550,742.26. This trade represents a 5.47% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 239,392 shares of company stock valued at $50,016,383. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on AMD shares. Roth Mkm reissued a "buy" rating on shares of Advanced Micro Devices in a report on Tuesday, February 24th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $230.00 price objective on shares of Advanced Micro Devices in a research report on Monday, March 16th. Rosenblatt Securities reiterated a "buy" rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. Truist Financial set a $283.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Finally, China Renaissance initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 13th. They issued a "buy" rating and a $291.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $290.53.

Get Our Latest Analysis on AMD

Advanced Micro Devices News Summary

Here are the key news stories impacting Advanced Micro Devices this week:

Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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