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

Hemenway Trust Co LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 255,135 shares of the semiconductor manufacturer’s stock after selling 7,339 shares during the quarter. Advanced Micro Devices accounts for about 3.3% of Hemenway Trust Co LLC’s holdings, making the stock its 11th biggest holding. Hemenway Trust Co LLC’s holdings in Advanced Micro Devices were worth $41,863,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Advanced Micro Devices during the 1st quarter worth approximately $331,000. Sheets Smith Wealth Management increased its position in Advanced Micro Devices by 12.1% in the first quarter. Sheets Smith Wealth Management now owns 2,355 shares of the semiconductor manufacturer’s stock worth $425,000 after buying an additional 255 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Advanced Micro Devices by 9.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,235,836 shares of the semiconductor manufacturer’s stock valued at $764,526,000 after buying an additional 382,397 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in shares of Advanced Micro Devices by 30.9% during the first quarter. Koshinski Asset Management Inc. now owns 5,562 shares of the semiconductor manufacturer’s stock valued at $1,004,000 after acquiring an additional 1,313 shares during the period. Finally, Patton Fund Management Inc. bought a new position in shares of Advanced Micro Devices during the first quarter worth about $5,804,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $1.41 during trading hours on Tuesday, hitting $145.94. The company had a trading volume of 996,032 shares, compared to its average volume of 55,717,129. Advanced Micro Devices, Inc. has a 12 month low of $116.00 and a 12 month high of $227.30. The firm has a market cap of $236.83 billion, a price-to-earnings ratio of 132.75, a PEG ratio of 2.05 and a beta of 1.71. The business has a fifty day moving average of $154.41 and a 200-day moving average of $155.52. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 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 company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the business earned $0.53 earnings per share. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Barclays reduced their price target on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. TD Cowen lowered 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. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related 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 sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Company 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.