Citizens National Bank Trust Department Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Citizens National Bank Trust Department increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 54.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,331 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,640 shares during the quarter. Citizens National Bank Trust Department’s holdings in Advanced Micro Devices were worth $1,248,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB grew its holdings in Advanced Micro Devices by 0.8% during the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after buying an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC grew its holdings in Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after buying an additional 324 shares in the last quarter. Ledyard National Bank grew its holdings in Advanced Micro Devices by 12.4% during the 3rd quarter. Ledyard National Bank now owns 1,671 shares of the semiconductor manufacturer’s stock valued at $274,000 after buying an additional 184 shares in the last quarter. Telos Capital Management Inc. grew its holdings in Advanced Micro Devices by 12.3% during the 3rd quarter. Telos Capital Management Inc. now owns 1,505 shares of the semiconductor manufacturer’s stock valued at $247,000 after buying an additional 165 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in Advanced Micro Devices by 5.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 19,595 shares of the semiconductor manufacturer’s stock valued at $3,215,000 after buying an additional 1,073 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $114.69 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. The business’s 50 day moving average price is $119.49 and its two-hundred day moving average price is $138.27. The firm has a market cap of $185.85 billion, a PE ratio of 115.85, a price-to-earnings-growth ratio of 1.13 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMD shares. HSBC reaffirmed a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Susquehanna decreased their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. Evercore ISI upped their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen reduced their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.70.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

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.