Fulton Bank N.A. Sells 2,282 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fulton Bank N.A. reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,236 shares of the semiconductor manufacturer’s stock after selling 2,282 shares during the period. Fulton Bank N.A.’s holdings in Advanced Micro Devices were worth $753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC raised its holdings in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Fairway Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at approximately $27,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at $26,000. Finally, Abich Financial Wealth Management LLC increased its holdings in Advanced Micro Devices by 101.8% during the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 111 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMD has been the subject of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Roth Mkm reissued a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Citigroup cut their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Barclays decreased their target price on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Evercore ISI raised their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.85.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on 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 $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Stock Down 4.3 %

NASDAQ AMD opened at $121.84 on Friday. The business has a fifty day moving average price of $133.09 and a two-hundred day moving average price of $147.05. The stock has a market capitalization of $197.72 billion, a PE ratio of 109.77, a PEG ratio of 1.88 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $117.90 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

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.