Community Trust & Investment Co. Boosts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Community Trust & Investment Co. increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 147,990 shares of the semiconductor manufacturer's stock after purchasing an additional 4,797 shares during the period. Advanced Micro Devices accounts for 1.1% of Community Trust & Investment Co.'s investment portfolio, making the stock its 28th largest position. Community Trust & Investment Co.'s holdings in Advanced Micro Devices were worth $17,876,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AMD. International Assets Investment Management LLC boosted its position in shares of Advanced Micro Devices by 17,137.3% during the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock valued at $1,289,818,000 after acquiring an additional 7,815,305 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Advanced Micro Devices by 42.2% in the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock valued at $1,381,679,000 after purchasing an additional 2,497,056 shares in the last quarter. State Street Corp lifted its position in 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 purchasing an additional 1,580,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 buying an additional 1,565,083 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Advanced Micro Devices by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer's stock worth $1,471,128,000 after buying an additional 975,220 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD traded up $2.99 during mid-day trading on Wednesday, hitting $119.08. 11,119,615 shares of the stock were exchanged, compared to its average volume of 38,782,973. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The company has a market cap of $193.24 billion, a PE ratio of 107.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $114.41 and a 52-week high of $227.30. The firm has a 50-day moving average of $131.60 and a two-hundred day moving average of $145.95.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts' expectations of $6.71 billion. During the same period in the prior year, the company earned $0.53 EPS. The business's revenue was up 17.6% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

AMD has been the topic of a number of research reports. Hsbc Global Res cut Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. Evercore ISI boosted their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Roth Mkm reaffirmed a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Mizuho lowered their target price on Advanced Micro Devices from $180.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Finally, Bank of America lowered shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their price target for the company from $180.00 to $155.00 in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $179.68.

Insiders Place Their Bets

In other Advanced Micro Devices news, 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 sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 over the last three months. 0.73% of the stock is owned by company insiders.

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.