Glenmede Trust Co. NA Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Glenmede Trust Co. NA increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,597 shares of the semiconductor manufacturer’s stock after purchasing an additional 954 shares during the quarter. Glenmede Trust Co. NA’s holdings in Advanced Micro Devices were worth $6,497,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. LRI Investments LLC purchased a new position in shares of Advanced Micro Devices in the first quarter valued at $49,000. EverSource Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 22.8% in the first quarter. EverSource Wealth Advisors LLC now owns 8,666 shares of the semiconductor manufacturer’s stock valued at $1,564,000 after acquiring an additional 1,607 shares in the last quarter. American Trust purchased a new stake in Advanced Micro Devices in the first quarter worth about $222,000. HM Payson & Co. increased its position in Advanced Micro Devices by 8.3% during the 1st quarter. HM Payson & Co. now owns 3,894 shares of the semiconductor manufacturer’s stock valued at $703,000 after purchasing an additional 300 shares during the period. Finally, Old Port Advisors bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $215,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Up 0.7 %

Shares of AMD stock opened at $137.18 on Friday. The firm’s fifty day simple moving average is $152.16 and its 200 day simple moving average is $154.06. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $116.37 and a 1 year high of $227.30. The firm has a market capitalization of $222.62 billion, a P/E ratio of 123.59, a price-to-earnings-growth ratio of 1.88 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen cut their price target on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. UBS Group decreased their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Citigroup decreased their target price on shares of 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. Evercore ISI upped their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Insider Buying and Selling

In other news, 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 value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

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.