First American Trust FSB Has $6.25 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

First American Trust FSB reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.2% during the 4th quarter, HoldingsChannel reports. The firm owned 51,733 shares of the semiconductor manufacturer’s stock after selling 3,392 shares during the quarter. First American Trust FSB’s holdings in Advanced Micro Devices were worth $6,249,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. EFG Asset Management North America Corp. lifted its holdings in shares of Advanced Micro Devices by 9.4% during the fourth quarter. EFG Asset Management North America Corp. now owns 22,322 shares of the semiconductor manufacturer’s stock valued at $2,696,000 after acquiring an additional 1,916 shares during the period. CoreFirst Bank & Trust bought a new position in Advanced Micro Devices during the 4th quarter valued at about $227,000. Zevenbergen Capital Investments LLC lifted its holdings in Advanced Micro Devices by 2.0% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 1,044,000 shares of the semiconductor manufacturer’s stock valued at $126,105,000 after purchasing an additional 20,184 shares during the last quarter. Lynx Investment Advisory boosted its position in Advanced Micro Devices by 6.5% in the fourth quarter. Lynx Investment Advisory now owns 2,221 shares of the semiconductor manufacturer’s stock valued at $268,000 after buying an additional 136 shares in the last quarter. Finally, Congress Wealth Management LLC DE grew its stake in Advanced Micro Devices by 44.7% during the fourth quarter. Congress Wealth Management LLC DE now owns 19,624 shares of the semiconductor manufacturer’s stock worth $2,370,000 after buying an additional 6,060 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. KeyCorp cut their price objective on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Barclays decreased their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Melius Research reaffirmed a “hold” rating and issued a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Finally, Stifel Nicolaus reduced their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $113.85 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28. The firm has a fifty day moving average of $110.21 and a 200-day moving average of $131.60. The firm has a market capitalization of $184.49 billion, a price-to-earnings ratio of 115.00, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices 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.