Heritage Trust Co Buys New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Heritage Trust Co bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,660 shares of the semiconductor manufacturer's stock, valued at approximately $804,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Howard Capital Management Group LLC boosted its position in 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 valued at $300,000 after buying an additional 324 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock worth $416,430,000 after purchasing an additional 588,595 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of Advanced Micro Devices by 5.5% during the third quarter. TD Private Client Wealth LLC now owns 10,528 shares of the semiconductor manufacturer's stock valued at $1,727,000 after acquiring an additional 550 shares during the last quarter. M&T Bank Corp grew its position in shares of Advanced Micro Devices by 6.0% in the third quarter. M&T Bank Corp now owns 116,889 shares of the semiconductor manufacturer's stock valued at $19,179,000 after purchasing an additional 6,569 shares in the last quarter. Finally, Advisory Resource Group grew its position in Advanced Micro Devices by 19.3% in the third quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock worth $1,300,000 after acquiring an additional 1,282 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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Advanced Micro Devices Trading Down 6.7 %

Shares of Advanced Micro Devices stock traded down $6.37 on Wednesday, hitting $88.92. The stock had a trading volume of 28,691,189 shares, compared to its average volume of 43,252,680. The stock has a 50 day moving average of $102.25 and a 200 day moving average of $124.83. 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, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The firm has a market capitalization of $143.72 billion, a P/E ratio of 89.82, a PEG ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.73% of the company's stock.

Analyst Ratings Changes

AMD has been the topic of several research analyst reports. Benchmark restated a "buy" rating and set a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. HSBC reiterated a "reduce" rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Wells Fargo & Company restated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, TD Cowen reduced their target price on Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $148.76.

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.