Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Webster Bank N. A.

Webster Bank N. A. increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,104 shares of the semiconductor manufacturer’s stock after buying an additional 107 shares during the quarter. Webster Bank N. A.’s holdings in Advanced Micro Devices were worth $254,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pacer Advisors Inc. increased its position in shares of Advanced Micro Devices by 7.2% during the 4th quarter. Pacer Advisors Inc. now owns 232,818 shares of the semiconductor manufacturer’s stock valued at $28,122,000 after purchasing an additional 15,598 shares during the period. United Asset Strategies Inc. grew its position in Advanced Micro Devices by 15.0% in the fourth quarter. United Asset Strategies Inc. now owns 3,209 shares of the semiconductor manufacturer’s stock worth $388,000 after buying an additional 419 shares during the last quarter. waypoint wealth counsel grew its holdings in shares of Advanced Micro Devices by 7.4% in the 4th quarter. waypoint wealth counsel now owns 1,810 shares of the semiconductor manufacturer’s stock worth $219,000 after acquiring an additional 125 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $34,366,000. Finally, Apexium Financial LP lifted its stake in Advanced Micro Devices by 7.8% during the fourth quarter. Apexium Financial LP now owns 8,895 shares of the semiconductor manufacturer’s stock valued at $1,074,000 after buying an additional 645 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction 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 sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction 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 completion of the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMD has been the subject of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. TD Cowen dropped their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $180.00 to $155.00 in a research report on Monday, December 9th. Finally, UBS Group cut their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $176.33.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $122.84 on Monday. The company has a market cap of $199.35 billion, a price-to-earnings ratio of 110.67, a PEG ratio of 1.09 and a beta of 1.66. The business has a 50 day moving average price of $128.12 and a 200 day moving average price of $143.21. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted 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. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the business earned $0.53 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 17.6% compared to the same quarter last year. Research analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current 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.