CENTRAL TRUST Co Acquires 3,516 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

CENTRAL TRUST Co raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,986 shares of the semiconductor manufacturer's stock after buying an additional 3,516 shares during the quarter. CENTRAL TRUST Co's holdings in Advanced Micro Devices were worth $7,004,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its holdings in Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after buying an additional 441,924 shares during the period. Fisher Asset Management LLC raised its stake in Advanced Micro Devices by 2.8% in the third quarter. Fisher Asset Management LLC now owns 23,795,236 shares of the semiconductor manufacturer's stock worth $3,904,323,000 after buying an additional 644,039 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Advanced Micro Devices by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer's stock worth $3,195,000,000 after buying an additional 1,565,083 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Advanced Micro Devices by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock valued at $1,584,515,000 after acquiring an additional 177,700 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

AMD traded down $2.91 during mid-day trading on Friday, reaching $115.95. 40,446,851 shares of the company traded hands, compared to its average volume of 35,441,836. The stock has a market capitalization of $188.16 billion, a P/E ratio of 104.46, a P/E/G ratio of 1.04 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $112.80 and a 52-week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company's fifty day moving average price is $125.92 and its 200-day moving average price is $141.24.

Wall Street Analyst Weigh In

AMD has been the subject of several research reports. Mizuho decreased their target price on Advanced Micro Devices from $180.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Hsbc Global Res cut shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. Barclays decreased their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Melius Research reissued a "hold" rating and set a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $169.77.

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.