Citizens & Northern Corp Purchases 3,942 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Citizens & Northern Corp boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 188.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,036 shares of the semiconductor manufacturer's stock after purchasing an additional 3,942 shares during the quarter. Citizens & Northern Corp's holdings in Advanced Micro Devices were worth $729,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Swedbank AB raised its position in Advanced Micro Devices by 0.8% in the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer's stock worth $353,040,000 after buying an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC increased its stake in shares of Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock worth $300,000 after purchasing an additional 324 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in Advanced Micro Devices by 6.7% in the 3rd quarter. Resonant Capital Advisors LLC now owns 5,903 shares of the semiconductor manufacturer's stock worth $969,000 after purchasing an additional 370 shares during the period. New Century Financial Group LLC lifted its position in Advanced Micro Devices by 13.5% during the third quarter. New Century Financial Group LLC now owns 1,724 shares of the semiconductor manufacturer's stock valued at $283,000 after purchasing an additional 205 shares in the last quarter. Finally, OLD National Bancorp IN grew its holdings in Advanced Micro Devices by 6.8% during the third quarter. OLD National Bancorp IN now owns 14,645 shares of the semiconductor manufacturer's stock valued at $2,403,000 after purchasing an additional 934 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Down 2.9 %

AMD stock traded down $3.33 during midday trading on Friday, reaching $110.84. 41,194,513 shares of the company traded hands, compared to its average volume of 40,816,133. The firm has a market capitalization of $179.61 billion, a price-to-earnings ratio of 111.96, a P/E/G ratio of 1.15 and a beta of 1.65. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. The business has a 50 day moving average of $118.84 and a 200-day moving average of $137.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMD shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. DZ Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research note on Friday, February 7th. Wells Fargo & Company decreased their price objective on shares of Advanced Micro Devices from $165.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Piper Sandler dropped their target price on shares of Advanced Micro Devices from $180.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their price target on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $158.70.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the 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 sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Advanced Micro Devices 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.