Diversified Trust Co Sells 4,297 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Diversified Trust Co reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,765 shares of the semiconductor manufacturer’s stock after selling 4,297 shares during the quarter. Diversified Trust Co’s holdings in Advanced Micro Devices were worth $2,665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Advanced Micro Devices by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock valued at $20,997,873,000 after buying an additional 2,390,558 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Advanced Micro Devices by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock worth $4,181,849,000 after purchasing an additional 600,638 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $3,426,529,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMD. Citigroup lowered their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Roth Mkm cut their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $157.69 on Tuesday. The stock has a market capitalization of $254.88 billion, a PE ratio of 231.08, a P/E/G ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The business has a 50 day simple moving average of $159.12 and a two-hundred day simple moving average of $165.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

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.