Trust Co. of Vermont Has $650,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Trust Co. of Vermont grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,378 shares of the semiconductor manufacturer’s stock after purchasing an additional 825 shares during the quarter. Trust Co. of Vermont’s holdings in Advanced Micro Devices were worth $650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Creative Capital Management Investments LLC increased its position in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares during the period. ZRC Wealth Management LLC grew its position in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $32,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 101.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $121.46 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $114.41 and a 12-month high of $227.30. The stock has a 50-day moving average price of $129.94 and a two-hundred day moving average price of $145.32. 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 company has a market cap of $197.11 billion, a PE ratio of 109.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on AMD. Bank of America lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price target for the company from $180.00 to $155.00 in a research report on Monday, December 9th. UBS Group lowered their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Wells Fargo & Company decreased their price target on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, Citigroup dropped their target price on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.61.

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.