AAFMAA Wealth Management & Trust LLC Has $1.39 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

AAFMAA Wealth Management & Trust LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 45.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,707 shares of the semiconductor manufacturer’s stock after selling 6,492 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Advanced Micro Devices were worth $1,391,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in AMD. FORA Capital LLC acquired a new stake in Advanced Micro Devices in the 1st quarter worth $15,028,000. Baron Silver Stevens Financial Advisors LLC acquired a new stake in Advanced Micro Devices during the first quarter worth about $202,000. Daiwa Securities Group Inc. increased its stake in Advanced Micro Devices by 10.6% during the first quarter. Daiwa Securities Group Inc. now owns 331,545 shares of the semiconductor manufacturer’s stock valued at $59,840,000 after acquiring an additional 31,693 shares during the period. Graypoint LLC raised its holdings in Advanced Micro Devices by 8.8% in the 1st quarter. Graypoint LLC now owns 12,243 shares of the semiconductor manufacturer’s stock valued at $2,210,000 after acquiring an additional 987 shares in the last quarter. Finally, Consolidated Planning Corp lifted its position in shares of Advanced Micro Devices by 24.7% in the 1st quarter. Consolidated Planning Corp now owns 13,920 shares of the semiconductor manufacturer’s stock worth $2,512,000 after acquiring an additional 2,753 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Up 3.9 %

Shares of AMD stock traded up $6.79 on Monday, reaching $178.69. 60,036,723 shares of the stock were exchanged, compared to its average volume of 64,613,152. The stock has a 50 day moving average price of $160.28 and a 200 day moving average price of $166.16. The stock has a market cap of $288.82 billion, a PE ratio of 260.84, a P/E/G ratio of 1.99 and a beta of 1.68. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the business posted $0.43 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group cut their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Evercore ISI dropped their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Tuesday, May 7th. Roth Mkm dropped their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Benchmark decreased their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $190.83.

About Advanced Micro Devices

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.