Field & Main Bank Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)
Field & Main Bank lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,300 shares of the semiconductor manufacturer’s stock after purchasing an additional 480 shares during the quarter. Advanced Micro Devices accounts for about 1.1% of Field & Main Bank’s holdings, making the stock its 29th largest holding. Field & Main Bank’s holdings in Advanced Micro Devices were worth $1,418,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BRILLIANCE ASSET MANAGEMENT Ltd bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $145,909,000. Fisher Asset Management LLC lifted its stake in shares of Advanced Micro Devices by 19.1% in the 2nd quarter. Fisher Asset Management LLC now owns 8,498,210 shares of the semiconductor manufacturer’s stock valued at $447,091,000 after acquiring an additional 1,365,541 shares during the last quarter. Holocene Advisors LP lifted its stake in shares of Advanced Micro Devices by 141.5% in the 2nd quarter. Holocene Advisors LP now owns 2,222,949 shares of the semiconductor manufacturer’s stock valued at $116,949,000 after acquiring an additional 1,302,596 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Advanced Micro Devices by 193.3% in the 2nd quarter. Two Sigma Advisers LP now owns 1,953,568 shares of the semiconductor manufacturer’s stock valued at $102,777,000 after acquiring an additional 1,287,400 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $59,490,000. Hedge funds and other institutional investors own 66.08% of the company’s stock.
Shares of Advanced Micro Devices stock traded up $2.54 during midday trading on Friday, hitting $81.96. The company had a trading volume of 46,557,675 shares, compared to its average volume of 47,838,060. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.56 and a current ratio of 2.10. The stock has a market capitalization of $96.23 billion, a P/E ratio of 154.64, a P/E/G ratio of 1.89 and a beta of 2.30. The company has a 50 day moving average of $80.59 and a 200 day moving average of $66.09. Advanced Micro Devices, Inc. has a 52-week low of $31.34 and a 52-week high of $94.28.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 150,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $79.14, for a total transaction of $11,871,000.00. Following the sale, the chief executive officer now directly owns 2,628,308 shares in the company, valued at approximately $208,004,295.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nora Denzel sold 75,000 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $78.75, for a total value of $5,906,250.00. Following the sale, the director now owns 84,560 shares in the company, valued at $6,659,100. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 458,635 shares of company stock worth $36,704,596. Company insiders own 1.50% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their target price on Advanced Micro Devices from $82.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. Royal Bank of Canada upped their price target on Advanced Micro Devices from $84.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, October 16th. Exane BNP Paribas raised Advanced Micro Devices from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Wednesday, July 29th. Truist initiated coverage on Advanced Micro Devices in a research report on Monday, October 12th. They set a “hold” rating and a $90.00 price target for the company. Finally, BMO Capital Markets upped their price target on Advanced Micro Devices from $50.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $74.76.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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