Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Lessened by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 869,314 shares of the semiconductor manufacturer’s stock after selling 14,348 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Advanced Micro Devices worth $142,637,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of Advanced Micro Devices by 18.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 4,750 shares of the semiconductor manufacturer’s stock worth $770,000 after acquiring an additional 733 shares during the period. Mather Group LLC. increased its holdings in shares of Advanced Micro Devices by 57.0% in the 2nd quarter. Mather Group LLC. now owns 14,402 shares of the semiconductor manufacturer’s stock worth $2,336,000 after acquiring an additional 5,226 shares during the period. Fragasso Financial Advisors Inc increased its holdings in shares of Advanced Micro Devices by 25.5% in the 2nd quarter. Fragasso Financial Advisors Inc now owns 1,585 shares of the semiconductor manufacturer’s stock worth $257,000 after acquiring an additional 322 shares during the period. Trust Co. of Vermont increased its holdings in shares of Advanced Micro Devices by 28.6% in the 2nd quarter. Trust Co. of Vermont now owns 4,546 shares of the semiconductor manufacturer’s stock worth $737,000 after acquiring an additional 1,012 shares during the period. Finally, Lynx Investment Advisory acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter worth about $199,000. 71.34% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. TD Cowen lowered their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Bank of America reissued a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. UBS Group lowered their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Stock Performance

AMD stock opened at $137.18 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock has a market cap of $222.62 billion, a P/E ratio of 123.59, a P/E/G ratio of 1.89 and a beta of 1.71. The firm has a 50 day simple moving average of $152.16 and a 200 day simple moving average of $154.03. Advanced Micro Devices, Inc. has a 52 week low of $116.37 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

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.