Washington Trust Bank Has $17 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Washington Trust Bank boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 140,765 shares of the semiconductor manufacturer's stock after buying an additional 3,384 shares during the period. Advanced Micro Devices makes up 1.6% of Washington Trust Bank's portfolio, making the stock its 18th largest holding. Washington Trust Bank's holdings in Advanced Micro Devices were worth $17,003,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $29,000. Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $32,000. Finally, IAG Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 74.7% during the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock worth $33,000 after purchasing an additional 118 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the company's stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

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Advanced Micro Devices Trading Up 0.8 %

AMD traded up $0.96 during midday trading on Tuesday, hitting $114.81. 28,999,368 shares of the company were exchanged, compared to its average volume of 43,498,447. The firm has a market capitalization of $186.05 billion, a P/E ratio of 115.97, a P/E/G ratio of 1.11 and a beta of 1.74. The firm's 50 day moving average price is $110.21 and its 200-day moving average price is $131.60. 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 1-year low of $94.73 and a 1-year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMD shares. Wells Fargo & Company reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their price objective for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their target price for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, StockNews.com raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $155.14.

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.