Hemenway Trust Co LLC Sells 7,339 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hemenway Trust Co LLC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 255,135 shares of the semiconductor manufacturer's stock after selling 7,339 shares during the period. Advanced Micro Devices accounts for approximately 3.3% of Hemenway Trust Co LLC's portfolio, making the stock its 11th largest holding. Hemenway Trust Co LLC's holdings in Advanced Micro Devices were worth $41,863,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Harvest Portfolios Group Inc. increased its position in shares of Advanced Micro Devices by 4.4% during the third quarter. Harvest Portfolios Group Inc. now owns 146,445 shares of the semiconductor manufacturer's stock worth $24,029,000 after acquiring an additional 6,168 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after buying an additional 588,595 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Advanced Micro Devices by 59.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer's stock valued at $50,214,000 after buying an additional 116,020 shares during the last quarter. Laffer Tengler Investments Inc. raised its holdings in Advanced Micro Devices by 3,139.2% during the third quarter. Laffer Tengler Investments Inc. now owns 10,236 shares of the semiconductor manufacturer's stock worth $1,680,000 after purchasing an additional 9,920 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings in shares of Advanced Micro Devices by 338.8% in the third quarter. Pittenger & Anderson Inc. now owns 47,695 shares of the semiconductor manufacturer's stock valued at $7,826,000 after buying an additional 36,825 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

AMD has been the topic of several research analyst reports. Wedbush reiterated an "outperform" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Benchmark restated a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Bank of America reaffirmed a "buy" rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Piper Sandler reaffirmed an "overweight" rating and issued a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Finally, Roth Mkm reiterated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $192.79.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm'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 sale, the executive vice president now owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Advanced Micro Devices Stock Performance

AMD traded down $3.72 during trading hours on Tuesday, hitting $143.63. 33,506,166 shares of the stock were exchanged, compared to its average volume of 55,865,414. Advanced Micro Devices, Inc. has a 12 month low of $116.00 and a 12 month high of $227.30. 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 stock has a 50-day simple moving average of $154.41 and a 200-day simple moving average of $155.52. The stock has a market cap of $233.08 billion, a price-to-earnings ratio of 130.64, a price-to-earnings-growth ratio of 2.05 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts' consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the company posted $0.53 EPS. Advanced Micro Devices's revenue for the quarter was up 17.6% on a year-over-year basis. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

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.