Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 189.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,095 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,539 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Advanced Micro Devices were worth $2,641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Stanley Laman Group Ltd. lifted its stake in Advanced Micro Devices by 8.7% during the second quarter. Stanley Laman Group Ltd. now owns 1,940 shares of the semiconductor manufacturer’s stock worth $315,000 after purchasing an additional 156 shares during the last quarter. Everpar Advisors LLC grew its position in shares of Advanced Micro Devices by 19.9% during the 2nd quarter. Everpar Advisors LLC now owns 2,557 shares of the semiconductor manufacturer’s stock valued at $415,000 after buying an additional 425 shares during the last quarter. waypoint wealth counsel grew its position in shares of Advanced Micro Devices by 16.1% during the 2nd quarter. waypoint wealth counsel now owns 1,571 shares of the semiconductor manufacturer’s stock valued at $255,000 after buying an additional 218 shares during the last quarter. Montchanin Asset Management LLC lifted its holdings in Advanced Micro Devices by 0.8% in the second quarter. Montchanin Asset Management LLC now owns 9,585 shares of the semiconductor manufacturer’s stock worth $1,554,000 after acquiring an additional 80 shares during the last quarter. Finally, Williams Financial LLC acquired a new position in Advanced Micro Devices in the second quarter valued at approximately $5,328,000. Institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Trading Down 2.8 %

NASDAQ:AMD opened at $126.91 on Friday. The stock has a market cap of $205.95 billion, a PE ratio of 114.33, a price-to-earnings-growth ratio of 1.88 and a beta of 1.65. Advanced Micro Devices, Inc. has a fifty-two week low of $121.82 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock’s 50-day moving average is $146.72 and its two-hundred day moving average is $152.15.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMD. Evercore ISI increased their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Edward Jones began coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. UBS Group reduced their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Finally, Citigroup reduced their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $192.36.

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.