Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Clearstead Trust LLC

Clearstead Trust LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 327.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,350 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,099 shares during the quarter. Clearstead Trust LLC’s holdings in Advanced Micro Devices were worth $789,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Advanced Micro Devices by 15,896.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after buying an additional 3,714,069 shares during the period. Sylebra Capital LLC bought a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $227,566,000. Atreides Management LP raised its position in shares of Advanced Micro Devices by 114.3% during the 3rd quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor manufacturer’s stock worth $351,925,000 after purchasing an additional 1,825,557 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth approximately $169,199,000. Finally, Jennison Associates LLC boosted its position in Advanced Micro Devices by 5.9% during the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock worth $34,637,833 in the last quarter. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Roth Mkm lowered their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays upped their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, TD Cowen lifted their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $184.24.

Advanced Micro Devices Trading Up 3.0 %

NASDAQ AMD traded up $4.44 during trading hours on Friday, hitting $150.60. 49,361,081 shares of the company’s stock were exchanged, compared to its average volume of 55,429,640. The firm has a market cap of $243.42 billion, a price-to-earnings ratio of 221.47, a PEG ratio of 2.29 and a beta of 1.66. The stock has a 50-day simple moving average of $175.41 and a 200 day simple moving average of $151.81. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $81.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.59 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.