Argent Trust Co Purchases 4,486 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Argent Trust Co lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,277 shares of the semiconductor manufacturer's stock after acquiring an additional 4,486 shares during the quarter. Argent Trust Co's holdings in Advanced Micro Devices were worth $2,812,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at $29,000. Summit Securities Group LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth $32,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $1.14 during midday trading on Tuesday, hitting $95.64. 14,954,828 shares of the company's stock were exchanged, compared to its average volume of 43,329,591. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $154.58 billion, a PE ratio of 96.61, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company's 50 day moving average price is $102.54 and its 200 day moving average price is $125.03.

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Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data 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 net margin of 6.36% and a return on equity of 7.42%. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMD. Susquehanna reduced their target price on Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating for the company in a report on Wednesday, February 5th. Benchmark reissued a "buy" rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Loop Capital assumed coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They set a "buy" rating and a $175.00 price target on the stock. KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. Finally, Wolfe Research cut shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $148.76.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.73% of the company's stock.

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.