Greenfield Savings Bank Purchases 185 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Greenfield Savings Bank raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,362 shares of the semiconductor manufacturer’s stock after purchasing an additional 185 shares during the quarter. Greenfield Savings Bank’s holdings in Advanced Micro Devices were worth $551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth $29,000. Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices in the 4th quarter worth $30,000. Finally, Summit Securities Group LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMD. Stifel Nicolaus set a $132.00 price objective on Advanced Micro Devices in a research note on Monday, April 28th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Citigroup reiterated a “neutral” rating on shares of Advanced Micro Devices in a research report on Wednesday, May 14th. Wells Fargo & Company reduced their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, Seaport Res Ptn upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, April 30th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.58.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $117.31 on Wednesday. The stock has a 50 day moving average price of $100.55 and a 200 day moving average price of $112.41. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market capitalization of $190.21 billion, a P/E ratio of 118.50, a P/E/G ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its board has initiated a share buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.

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.