AAFMAA Wealth Management & Trust LLC Boosts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

AAFMAA Wealth Management & Trust LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,654 shares of the semiconductor manufacturer’s stock after buying an additional 646 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Advanced Micro Devices were worth $1,287,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cullen Investment Group LTD. increased its position in Advanced Micro Devices by 3.5% in the fourth quarter. Cullen Investment Group LTD. now owns 18,432 shares of the semiconductor manufacturer’s stock worth $2,226,000 after purchasing an additional 625 shares during the last quarter. PSI Advisors LLC boosted its stake in shares of Advanced Micro Devices by 6.7% during the 4th quarter. PSI Advisors LLC now owns 8,251 shares of the semiconductor manufacturer’s stock worth $997,000 after purchasing an additional 517 shares during the period. PFW Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $265,000. Miracle Mile Advisors LLC lifted its position in shares of Advanced Micro Devices by 5.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 30,182 shares of the semiconductor manufacturer’s stock worth $3,646,000 after purchasing an additional 1,676 shares during the last quarter. Finally, Sunflower Bank N.A. lifted its holdings in Advanced Micro Devices by 11.7% during the 4th quarter. Sunflower Bank N.A. now owns 2,692 shares of the semiconductor manufacturer’s stock valued at $325,000 after buying an additional 281 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 197,036 shares of company stock worth $28,165,821. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMD shares. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the company from $175.00 to $129.00 in a research note on Friday. Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the company from $180.00 to $155.00 in a report on Monday, December 9th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, TD Cowen cut their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $182.44.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $117.32 on Tuesday. Advanced Micro Devices, Inc. has a 52 week low of $114.41 and a 52 week high of $227.30. The stock has a fifty day moving average price of $132.11 and a 200 day moving average price of $146.27. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $190.39 billion, a P/E ratio of 105.69, a PEG ratio of 1.88 and a beta of 1.66.

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