First American Trust FSB Purchases 13,146 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

First American Trust FSB grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,879 shares of the semiconductor manufacturer’s stock after purchasing an additional 13,146 shares during the period. First American Trust FSB’s holdings in Advanced Micro Devices were worth $6,910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Peoples Bank KS bought a new position in shares of Advanced Micro Devices during the 3rd quarter worth approximately $26,000. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $27,000. Castleview Partners LLC boosted its holdings in shares of Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 90 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $31,000. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Advanced Micro Devices by 54.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock valued at $32,000 after buying an additional 109 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $2.96 during trading hours on Monday, hitting $160.32. The stock had a trading volume of 61,389,301 shares, compared to its average volume of 75,234,789. The firm has a market capitalization of $259.10 billion, a PE ratio of 311.41, a PEG ratio of 2.49 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The stock has a fifty day moving average price of $181.15 and a 200 day moving average price of $147.36. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AMD shares. Mizuho raised their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Raymond James downgraded Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. The Goldman Sachs Group lifted their target price on Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Morgan Stanley raised their price target on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.52.

Insider Activity

In related news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock worth $59,919,994 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices 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.