2,670 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Texas Bank & Trust Co

Texas Bank & Trust Co acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,670 shares of the semiconductor manufacturer's stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMD. TrinityPoint Wealth LLC lifted its position in Advanced Micro Devices by 2.9% in the 4th quarter. TrinityPoint Wealth LLC now owns 11,401 shares of the semiconductor manufacturer's stock valued at $1,377,000 after acquiring an additional 326 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its holdings in shares of Advanced Micro Devices by 3.6% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 20,874 shares of the semiconductor manufacturer's stock valued at $2,334,000 after purchasing an additional 722 shares in the last quarter. Thornburg Investment Management Inc. lifted its holdings in shares of Advanced Micro Devices by 1.8% in the fourth quarter. Thornburg Investment Management Inc. now owns 186,834 shares of the semiconductor manufacturer's stock valued at $22,568,000 after purchasing an additional 3,338 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Advanced Micro Devices by 443.3% during the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after buying an additional 4,461,609 shares during the last quarter. Finally, Second Line Capital LLC boosted its position in shares of Advanced Micro Devices by 19.7% during the fourth quarter. Second Line Capital LLC now owns 21,357 shares of the semiconductor manufacturer's stock valued at $2,580,000 after buying an additional 3,519 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated 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 of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 1.3%

NASDAQ:AMD traded down $1.45 during trading hours on Wednesday, reaching $112.06. The company's stock had a trading volume of 43,468,244 shares, compared to its average volume of 42,657,820. The firm has a market capitalization of $181.69 billion, a price-to-earnings ratio of 113.19, a PEG ratio of 1.11 and a beta of 1.97. The firm has a 50-day simple moving average of $99.52 and a 200-day simple moving average of $114.51. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

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

Advanced Micro Devices announced that its board has approved a stock repurchase program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to buy 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

AMD has been the topic of several analyst reports. Jefferies Financial Group cut Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their target price for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. Raymond James reissued an "outperform" rating and set a $120.00 target price (down from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Benchmark reissued a "buy" rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. KeyCorp downgraded shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Finally, Sanford C. Bernstein cut their price objective on shares of Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. 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 assigned a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.58.

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.