Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by M&T Bank Corp

M&T Bank Corp increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 116,889 shares of the semiconductor manufacturer's stock after purchasing an additional 6,569 shares during the period. M&T Bank Corp's holdings in Advanced Micro Devices were worth $19,179,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC lifted its position in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC boosted its position in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 75 shares during the period. Morton Brown Family Wealth LLC boosted its position in Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after buying an additional 85 shares during the period. Fairway Wealth LLC acquired a new position in shares of Advanced Micro Devices in the second quarter worth $27,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter worth $35,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the company'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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on AMD. Cantor Fitzgerald reissued an "overweight" rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Benchmark restated a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating for the company in a research note on Friday. 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 report on Wednesday, October 30th. Finally, Piper Sandler restated an "overweight" rating and issued a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $191.96.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded up $0.33 during trading hours on Friday, hitting $119.21. 53,088,133 shares of the company were exchanged, compared to its average volume of 53,737,328. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $142.00 and a 200-day moving average of $150.54. Advanced Micro Devices, Inc. has a 1 year low of $117.90 and a 1 year high of $227.30. The stock has a market capitalization of $193.45 billion, a price-to-earnings ratio of 107.40, a P/E/G ratio of 1.88 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts' consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal 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.