Trust Point Inc. Has $657,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Trust Point Inc. cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,435 shares of the semiconductor manufacturer’s stock after selling 1,986 shares during the quarter. Trust Point Inc.’s holdings in Advanced Micro Devices were worth $657,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. Charles Schwab Investment Management Inc. boosted its stake in Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock worth $1,584,515,000 after purchasing an additional 177,700 shares during the period. Swiss National Bank lifted its holdings in shares of Advanced Micro Devices by 0.3% in the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock valued at $787,186,000 after purchasing an additional 12,500 shares in the last quarter. Shum Financial Group Inc. purchased a new stake in shares of Advanced Micro Devices in the third quarter valued at $858,000. State Street Corp grew its holdings in shares of Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after buying an additional 1,580,035 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after buying an additional 441,924 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 4.6 %

Shares of AMD stock opened at $119.50 on Wednesday. The firm has a market capitalization of $193.93 billion, a P/E ratio of 107.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1 year low of $112.80 and a 1 year high of $227.30. The firm’s fifty day simple moving average is $125.38 and its 200 day simple moving average is $140.81. 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, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Piper Sandler reiterated an “overweight” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Citigroup dropped their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, Loop Capital assumed coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $169.35.

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.