Legacy Private Trust Co. Decreases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Legacy Private Trust Co. decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 52.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,105 shares of the semiconductor manufacturer's stock after selling 2,324 shares during the quarter. Legacy Private Trust Co.'s holdings in Advanced Micro Devices were worth $216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMD. Brighton Jones LLC boosted its stake in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after buying an additional 29,438 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $34,366,000. Revolve Wealth Partners LLC boosted its position in Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after acquiring an additional 234 shares during the last quarter. Strategic Blueprint LLC boosted its position in Advanced Micro Devices by 35.7% during the fourth quarter. Strategic Blueprint LLC now owns 9,218 shares of the semiconductor manufacturer's stock valued at $1,113,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Highland Capital Management LLC boosted its position in Advanced Micro Devices by 61.1% during the fourth quarter. Highland Capital Management LLC now owns 11,009 shares of the semiconductor manufacturer's stock valued at $1,330,000 after acquiring an additional 4,177 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Susquehanna decreased their price target on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. Evercore ISI decreased their price target on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Piper Sandler reaffirmed an "overweight" rating and issued a $125.00 price target (down from $140.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, KeyCorp downgraded shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. Fifteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $132.58.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were 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 owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $4.06 during trading on Monday, reaching $114.79. 24,772,882 shares of the company's stock traded hands, compared to its average volume of 40,480,086. The company has a market capitalization of $186.11 billion, a P/E ratio of 115.93, a PEG ratio of 1.11 and a beta of 1.97. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm's 50-day moving average is $100.25 and its 200 day moving average is $112.51. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same period in the prior year, the company posted $0.62 EPS. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has approved a share repurchase program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Advanced Micro Devices Company 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.