Community Trust & Investment Co. Acquires 966 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Community Trust & Investment Co. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% during the third quarter, Holdings Channel.com reports. The firm owned 143,193 shares of the semiconductor manufacturer’s stock after buying an additional 966 shares during the quarter. Advanced Micro Devices accounts for 1.5% of Community Trust & Investment Co.’s portfolio, making the stock its 17th biggest holding. Community Trust & Investment Co.’s holdings in Advanced Micro Devices were worth $23,495,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Saxony Capital Management LLC increased its stake in shares of Advanced Micro Devices by 28.4% during the third quarter. Saxony Capital Management LLC now owns 3,249 shares of the semiconductor manufacturer’s stock worth $533,000 after purchasing an additional 718 shares during the period. Segment Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 29.4% during the third quarter. Segment Wealth Management LLC now owns 15,951 shares of the semiconductor manufacturer’s stock worth $2,617,000 after purchasing an additional 3,620 shares during the period. Private Advisor Group LLC increased its stake in shares of Advanced Micro Devices by 35.2% during the third quarter. Private Advisor Group LLC now owns 134,367 shares of the semiconductor manufacturer’s stock worth $22,047,000 after purchasing an additional 35,008 shares during the period. Stanley Laman Group Ltd. grew its position in Advanced Micro Devices by 1,210.9% during the third quarter. Stanley Laman Group Ltd. now owns 25,432 shares of the semiconductor manufacturer’s stock worth $4,173,000 after buying an additional 23,492 shares in the last quarter. Finally, Pictet North America Advisors SA grew its position in Advanced Micro Devices by 18.8% during the third quarter. Pictet North America Advisors SA now owns 27,268 shares of the semiconductor manufacturer’s stock worth $4,474,000 after buying an additional 4,313 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $154.09 on Wednesday. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The firm’s 50 day moving average price is $154.54 and its 200-day moving average price is $156.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The company has a market cap of $249.06 billion, a PE ratio of 226.60, a P/E/G ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMD. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Monday, October 7th. Robert W. Baird reduced their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Citigroup raised their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Truist Financial reduced their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.