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

Hemenway Trust Co LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 267,045 shares of the semiconductor manufacturer’s stock after selling 20,806 shares during the period. Advanced Micro Devices accounts for approximately 4.2% of Hemenway Trust Co LLC’s holdings, making the stock its 4th biggest position. Hemenway Trust Co LLC’s holdings in Advanced Micro Devices were worth $48,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter worth approximately $27,000. Diversified Trust Co lifted its stake in shares of Advanced Micro Devices by 15.2% in the 3rd quarter. Diversified Trust Co now owns 15,198 shares of the semiconductor manufacturer’s stock worth $1,563,000 after acquiring an additional 2,005 shares during the period. Comerica Bank lifted its stake in shares of Advanced Micro Devices by 359.4% in the 3rd quarter. Comerica Bank now owns 292,228 shares of the semiconductor manufacturer’s stock worth $30,047,000 after acquiring an additional 228,614 shares during the period. Verity Asset Management Inc. lifted its stake in shares of Advanced Micro Devices by 1.9% in the 3rd quarter. Verity Asset Management Inc. now owns 10,802 shares of the semiconductor manufacturer’s stock worth $1,111,000 after acquiring an additional 205 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter worth approximately $8,193,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMD. Benchmark reduced their price target on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. 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. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, Truist Financial dropped their target price on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $191.00.

Insider Buying and Selling

In related 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 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 approximately $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Stock Down 1.1 %

AMD stock traded down $2.02 during trading hours on Thursday, hitting $181.94. The company’s stock had a trading volume of 59,151,207 shares, compared to its average volume of 64,613,730. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $294.07 billion, a PE ratio of 267.56, a price-to-earnings-growth ratio of 2.07 and a beta of 1.68. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The stock has a 50 day moving average price of $162.53 and a two-hundred day moving average price of $166.92.

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

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.