Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Field & Main Bank

Field & Main Bank increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the third quarter, HoldingsChannel reports. The firm owned 19,777 shares of the semiconductor manufacturer’s stock after acquiring an additional 275 shares during the period. Advanced Micro Devices accounts for about 1.2% of Field & Main Bank’s investment portfolio, making the stock its 23rd biggest holding. Field & Main Bank’s holdings in Advanced Micro Devices were worth $3,245,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Objective Capital Management LLC acquired a new position in Advanced Micro Devices in the 3rd quarter worth approximately $502,000. SilverOak Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 5.5% during the 3rd quarter. SilverOak Wealth Management LLC now owns 2,981 shares of the semiconductor manufacturer’s stock valued at $489,000 after buying an additional 156 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Advanced Micro Devices by 11.9% during the 3rd quarter. Lindbrook Capital LLC now owns 18,198 shares of the semiconductor manufacturer’s stock valued at $2,986,000 after buying an additional 1,936 shares during the period. Wealth Quarterback LLC boosted its stake in shares of Advanced Micro Devices by 16.6% during the 3rd quarter. Wealth Quarterback LLC now owns 7,494 shares of the semiconductor manufacturer’s stock valued at $1,230,000 after buying an additional 1,068 shares during the period. Finally, Thomas Story & Son LLC boosted its stake in shares of Advanced Micro Devices by 16.3% during the 3rd quarter. Thomas Story & Son LLC now owns 57,660 shares of the semiconductor manufacturer’s stock valued at $9,461,000 after buying an additional 8,079 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the 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 owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction dated 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 owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research reports. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating for the company. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. UBS Group reduced their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Morgan Stanley reduced their price objective on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Finally, Barclays dropped their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Trading Down 1.2 %

AMD opened at $147.95 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company has a market cap of $240.09 billion, a price-to-earnings ratio of 133.29, a price-to-earnings-growth ratio of 2.01 and a beta of 1.71. The firm has a 50 day simple moving average of $154.44 and a 200 day simple moving average of $155.52. Advanced Micro Devices, Inc. has a fifty-two week low of $113.06 and a fifty-two week high of $227.30.

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. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 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.