Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Legacy Private Trust Co.

Legacy Private Trust Co. decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.1% in the third quarter, Holdings Channel reports. The institutional investor owned 7,700 shares of the semiconductor manufacturer’s stock after selling 1,374 shares during the period. Legacy Private Trust Co.’s holdings in Advanced Micro Devices were worth $1,263,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AMD. Dynamic Advisor Solutions LLC raised its stake in shares of Advanced Micro Devices by 9.9% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 37,936 shares of the semiconductor manufacturer’s stock worth $6,225,000 after buying an additional 3,429 shares during the period. Tlwm raised its position in Advanced Micro Devices by 1.3% during the third quarter. Tlwm now owns 6,045 shares of the semiconductor manufacturer’s stock worth $992,000 after acquiring an additional 78 shares during the period. Evanson Asset Management LLC grew its position in shares of Advanced Micro Devices by 6.1% in the third quarter. Evanson Asset Management LLC now owns 13,708 shares of the semiconductor manufacturer’s stock valued at $2,249,000 after purchasing an additional 784 shares during the period. Axiom Advisory LLC increased its stake in shares of Advanced Micro Devices by 1,405.4% during the third quarter. Axiom Advisory LLC now owns 242,784 shares of the semiconductor manufacturer’s stock worth $39,836,000 after purchasing an additional 226,656 shares in the last quarter. Finally, Cardinal Point Capital Management ULC acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth about $201,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AMD shares. Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Monday. TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. Finally, Citigroup boosted their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $193.45.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $172.80 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a fifty day simple moving average of $148.78 and a two-hundred day simple moving average of $157.70. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The company has a market cap of $279.30 billion, a price-to-earnings ratio of 254.12, a price-to-earnings-growth ratio of 2.14 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for 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%. Advanced Micro Devices’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share 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.