Wilmington Savings Fund Society FSB Purchases 10,539 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wilmington Savings Fund Society FSB lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 189.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,095 shares of the semiconductor manufacturer's stock after purchasing an additional 10,539 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Advanced Micro Devices were worth $2,641,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AMD. State Street Corp grew its stake in shares of Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after buying an additional 1,580,035 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after acquiring an additional 441,924 shares during the period. Fisher Asset Management LLC grew its position in Advanced Micro Devices by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 23,795,236 shares of the semiconductor manufacturer's stock worth $3,904,323,000 after acquiring an additional 644,039 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Advanced Micro Devices by 8.7% in the 3rd 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 purchasing an additional 1,565,083 shares during the period. Finally, Legal & General Group Plc lifted its position in Advanced Micro Devices by 1.4% in the second quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer's stock valued at $2,159,039,000 after purchasing an additional 188,580 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the company'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 completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 in the last ninety days. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $3.69 during trading hours on Friday, hitting $126.91. The company's stock had a trading volume of 67,544,738 shares, compared to its average volume of 53,878,945. Advanced Micro Devices, Inc. has a 12 month low of $121.82 and a 12 month high of $227.30. The company's 50 day simple moving average is $146.72 and its two-hundred day simple moving average is $152.15. 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 company has a market cap of $205.95 billion, a P/E ratio of 114.33, a price-to-earnings-growth ratio of 1.88 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts' consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the business posted $0.53 earnings per share. The business's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMD. Barclays lowered their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Edward Jones began coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They set a "buy" rating for the company. Morgan Stanley cut their target price on Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. TD Cowen lowered their price target on Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Finally, Bank of America cut shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their price target for the company from $180.00 to $155.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $192.36.

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.