AAFMAA Wealth Management & Trust LLC Acquires 4,014 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

AAFMAA Wealth Management & Trust LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 11.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,116 shares of the semiconductor manufacturer’s stock after buying an additional 4,014 shares during the period. Advanced Micro Devices comprises about 1.9% of AAFMAA Wealth Management & Trust LLC’s holdings, making the stock its 27th largest position. AAFMAA Wealth Management & Trust LLC’s holdings in Advanced Micro Devices were worth $2,542,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Fairfield Bush & CO. bought a new stake in Advanced Micro Devices during the first quarter worth $836,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Advanced Micro Devices by 49.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock worth $260,746,000 after acquiring an additional 791,710 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 34.9% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock valued at $293,000 after purchasing an additional 692 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of Advanced Micro Devices by 104.8% during the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after purchasing an additional 4,072 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Advanced Micro Devices by 217.2% during the first quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock worth $43,524,000 after purchasing an additional 272,557 shares during the last quarter. 67.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Paul Darren Grasby sold 16,153 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $70.95, for a total value of $1,146,055.35. Following the transaction, the executive vice president now directly owns 113,875 shares of the company’s stock, valued at $8,079,431.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AMD. Piper Sandler dropped their target price on shares of Advanced Micro Devices from $140.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 6th. UBS Group raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and raised their target price for the company from $75.00 to $95.00 in a research report on Monday, November 14th. Stifel Nicolaus reissued a “buy” rating and issued a $91.00 price target on shares of Advanced Micro Devices in a report on Monday, November 14th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Advanced Micro Devices from $70.00 to $68.00 in a research note on Wednesday, November 2nd. Finally, Mizuho decreased their price target on shares of Advanced Micro Devices from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.94.

Advanced Micro Devices Price Performance

Shares of AMD stock traded up $5.90 during trading hours on Wednesday, hitting $81.05. 47,024,625 shares of the company’s stock were exchanged, compared to its average volume of 53,735,293. The company has a market capitalization of $130.68 billion, a PE ratio of 47.70, a PEG ratio of 2.08 and a beta of 2.04. The company has a current ratio of 2.16, a quick ratio of 1.65 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12-month low of $54.57 and a 12-month high of $132.96. The business’s 50 day simple moving average is $69.75 and its 200-day simple moving average is $74.62.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last released its earnings results on Tuesday, January 31st. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. Advanced Micro Devices had a return on equity of 11.17% and a net margin of 9.96%. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.52 billion. During the same quarter in the previous year, the company posted $0.83 EPS. Advanced Micro Devices’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.96 earnings per share for the current year.

Advanced Micro Devices Company Profile

(Get Rating)

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.