Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Delta Financial Group Inc.

Delta Financial Group Inc. lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 68.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,228 shares of the semiconductor manufacturer’s stock after acquiring an additional 903 shares during the period. Delta Financial Group Inc.’s holdings in Advanced Micro Devices were worth $366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Canandaigua National Bank & Trust Co. boosted its position in shares of Advanced Micro Devices by 90.6% in the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 3,312 shares of the semiconductor manufacturer’s stock valued at $543,000 after purchasing an additional 1,574 shares during the period. Czech National Bank lifted its stake in Advanced Micro Devices by 7.0% in the third quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock valued at $54,099,000 after buying an additional 21,708 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of Advanced Micro Devices by 29.7% in the third quarter. Central Pacific Bank Trust Division now owns 16,007 shares of the semiconductor manufacturer’s stock valued at $2,626,000 after acquiring an additional 3,661 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Advanced Micro Devices by 5.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 5,005 shares of the semiconductor manufacturer’s stock worth $821,000 after acquiring an additional 255 shares during the last quarter. Finally, Trust Co. of Toledo NA OH increased its holdings in shares of Advanced Micro Devices by 4.7% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 31,884 shares of the semiconductor manufacturer’s stock valued at $5,232,000 after acquiring an additional 1,426 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMD. Robert W. Baird lowered their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Bank of America reissued a “buy” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Thursday. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Truist Financial lowered their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Finally, BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $162.85 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The stock has a market cap of $263.22 billion, a P/E ratio of 239.49, a PEG ratio of 2.14 and a beta of 1.69. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $147.54 and a two-hundred day moving average of $158.21.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

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.