Norway Savings Bank Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Norway Savings Bank raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,073 shares of the semiconductor manufacturer’s stock after acquiring an additional 715 shares during the quarter. Norway Savings Bank’s holdings in Advanced Micro Devices were worth $1,818,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AMD. Addison Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares during the last quarter. Prentice Wealth Management LLC boosted its stake in Advanced Micro Devices by 1.6% during the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 62 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after buying an additional 63 shares in the last quarter. Schear Investment Advisers LLC increased its stake in Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after acquiring an additional 64 shares during the last quarter. Finally, Fiduciary Group LLC raised its holdings in shares of Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 65 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $162.21 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company has a market cap of $262.18 billion, a PE ratio of 238.55, a P/E/G ratio of 1.84 and a beta of 1.69. The business has a 50-day simple moving average of $159.12 and a two-hundred day simple moving average of $164.86.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.43 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on AMD. Wedbush reissued an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Susquehanna boosted their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 10th. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Mizuho reduced their price objective on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, Cantor Fitzgerald dropped their target price on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.83.

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.