Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Norway Savings Bank

Norway Savings Bank raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,612 shares of the semiconductor manufacturer’s stock after acquiring an additional 358 shares during the quarter. Norway Savings Bank’s holdings in Advanced Micro Devices were worth $1,523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New Hampshire boosted its position in Advanced Micro Devices by 1.5% in the 4th quarter. Bank of New Hampshire now owns 9,802 shares of the semiconductor manufacturer’s stock valued at $1,184,000 after buying an additional 148 shares during the period. Canandaigua National Bank & Trust Co. boosted its holdings in Advanced Micro Devices by 72.5% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 5,712 shares of the semiconductor manufacturer’s stock valued at $690,000 after purchasing an additional 2,400 shares during the period. Capital Market Strategies LLC grew its stake in Advanced Micro Devices by 20.7% during the 4th quarter. Capital Market Strategies LLC now owns 5,511 shares of the semiconductor manufacturer’s stock worth $666,000 after purchasing an additional 947 shares in the last quarter. Boltwood Capital Management increased its holdings in Advanced Micro Devices by 15.3% during the 4th quarter. Boltwood Capital Management now owns 2,413 shares of the semiconductor manufacturer’s stock worth $291,000 after purchasing an additional 320 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Advanced Micro Devices by 19.8% during the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer’s stock worth $212,943,000 after buying an additional 289,110 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMD shares. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Bank of America lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $180.00 to $155.00 in a report on Monday, December 9th. Evercore ISI increased their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays decreased their price target on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, Mizuho dropped their price objective on Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $191.96.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $1.77 on Tuesday, hitting $127.78. 29,335,471 shares of the company’s stock were exchanged, compared to its average volume of 36,845,180. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm’s 50-day moving average price is $134.85 and its two-hundred day moving average price is $147.64. The firm has a market cap of $207.36 billion, a price-to-earnings ratio of 115.12, a P/E/G 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.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current 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.