191 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Northwest Bank & Trust Co

Northwest Bank & Trust Co acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 191 shares of the semiconductor manufacturer’s stock, valued at approximately $28,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices in the 3rd quarter valued at about $27,000. Bare Financial Services Inc purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $30,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMD. Evercore ISI dropped their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their target price for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Piper Sandler reissued an “overweight” rating and issued a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, TD Cowen increased their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $0.27 during trading hours on Friday, reaching $159.63. 34,054,023 shares of the company’s stock traded hands, compared to its average volume of 51,510,504. The firm has a market capitalization of $258.01 billion, a price-to-earnings ratio of 234.75, a P/E/G ratio of 1.84 and a beta of 1.69. The business’s fifty day simple moving average is $159.73 and its two-hundred day simple moving average is $162.94. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Advanced Micro Devices 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.