Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Comerica Bank

Comerica Bank raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 315,209 shares of the semiconductor manufacturer’s stock after acquiring an additional 22,981 shares during the quarter. Comerica Bank’s holdings in Advanced Micro Devices were worth $46,465,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Midland Wealth Advisors LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $1,525,000. Alpha Square Group S LLC lifted its holdings in Advanced Micro Devices by 40.0% in the fourth quarter. Alpha Square Group S LLC now owns 2,800 shares of the semiconductor manufacturer’s stock valued at $413,000 after acquiring an additional 800 shares during the period. Point72 Italy S.r.l. acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $11,377,000. Vivaldi Capital Management LP acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $238,000. Finally, Power Corp of Canada raised its stake in shares of Advanced Micro Devices by 31.8% during the 4th quarter. Power Corp of Canada now owns 90,669 shares of the semiconductor manufacturer’s stock worth $13,366,000 after buying an additional 21,863 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $290,290,831.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Up 0.8 %

Shares of NASDAQ:AMD traded up $1.28 during trading on Wednesday, reaching $160.24. 48,233,868 shares of the stock were exchanged, compared to its average volume of 66,682,859. The firm’s 50-day moving average price is $160.07 and its 200 day moving average price is $162.14. The firm has a market cap of $259.00 billion, a price-to-earnings ratio of 235.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly 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. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMD has been the subject of several research reports. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Barclays lifted their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. UBS Group cut their price target on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Finally, KeyCorp dropped their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $185.68.

Read Our Latest Stock Report on AMD

About Advanced Micro Devices

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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