Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by First PREMIER Bank

First PREMIER Bank lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 53.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163 shares of the semiconductor manufacturer’s stock after selling 187 shares during the period. First PREMIER Bank’s holdings in Advanced Micro Devices were worth $29,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $28,000. Bare Financial Services Inc acquired a new position in Advanced Micro Devices in the 4th quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter worth approximately $29,000. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the 4th quarter worth approximately $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Advanced Micro Devices in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMD shares. Benchmark decreased their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. KeyCorp decreased their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Citigroup decreased their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Evercore ISI decreased their target price 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. Finally, Cantor Fitzgerald decreased their target price on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.83.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $160.25 on Tuesday. The firm’s 50-day moving average is $158.71 and its 200-day moving average is $164.54. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company has a market cap of $259.01 billion, a price-to-earnings ratio of 235.67, a PEG ratio of 1.87 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts anticipate 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.