Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Global Trust Asset Management LLC

Global Trust Asset Management LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,830 shares of the semiconductor manufacturer’s stock after acquiring an additional 216 shares during the period. Global Trust Asset Management LLC’s holdings in Advanced Micro Devices were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Advanced Micro Devices by 89.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer’s stock valued at $336,000 after purchasing an additional 974 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in Advanced Micro Devices by 21.1% during the second quarter. 1832 Asset Management L.P. now owns 166,063 shares of the semiconductor manufacturer’s stock worth $26,937,000 after buying an additional 28,961 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in Advanced Micro Devices by 73.7% during the second quarter. Public Sector Pension Investment Board now owns 62,107 shares of the semiconductor manufacturer’s stock worth $10,074,000 after buying an additional 26,346 shares in the last quarter. Evergreen Capital Management LLC grew its position in Advanced Micro Devices by 6.2% in the second quarter. Evergreen Capital Management LLC now owns 10,695 shares of the semiconductor manufacturer’s stock worth $1,735,000 after buying an additional 622 shares during the last quarter. Finally, Samlyn Capital LLC lifted its position in shares of Advanced Micro Devices by 30.2% during the 2nd quarter. Samlyn Capital LLC now owns 911,763 shares of the semiconductor manufacturer’s stock valued at $147,897,000 after acquiring an additional 211,348 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last 90 days. 0.65% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $122.28 on Wednesday. The firm has a market capitalization of $198.44 billion, a price-to-earnings ratio of 110.16, a PEG ratio of 1.07 and a beta of 1.66. Advanced Micro Devices, Inc. has a one year low of $114.41 and a one year high of $227.30. The business has a fifty day simple moving average of $128.99 and a 200 day simple moving average of $144.41. 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 (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The business’s revenue was up 17.6% on a year-over-year basis. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. Piper Sandler restated an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Wells Fargo & Company decreased their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. TD Cowen cut their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Citigroup decreased their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $177.71.

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.