True North Advisors LLC Has $884,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

True North Advisors LLC trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,387 shares of the semiconductor manufacturer’s stock after selling 76 shares during the period. True North Advisors LLC’s holdings in Advanced Micro Devices were worth $884,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AMD. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Advanced Micro Devices by 102.6% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,468 shares of the semiconductor manufacturer’s stock worth $733,000 after acquiring an additional 2,263 shares in the last quarter. St. Louis Financial Planners Asset Management LLC bought a new position in Advanced Micro Devices during the third quarter valued at about $2,394,000. Sovereign Financial Group Inc. lifted its position in shares of Advanced Micro Devices by 13.0% during the third quarter. Sovereign Financial Group Inc. now owns 3,556 shares of the semiconductor manufacturer’s stock worth $583,000 after acquiring an additional 409 shares in the last quarter. Reliant Investment Management LLC increased its position in shares of Advanced Micro Devices by 4.2% during the third quarter. Reliant Investment Management LLC now owns 36,907 shares of the semiconductor manufacturer’s stock valued at $6,056,000 after buying an additional 1,483 shares during the period. Finally, City Holding Co. lifted its stake in Advanced Micro Devices by 3.2% in the 3rd quarter. City Holding Co. now owns 36,224 shares of the semiconductor manufacturer’s stock worth $5,944,000 after purchasing an additional 1,135 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.1 %

AMD opened at $172.80 on Wednesday. The stock has a market cap of $279.30 billion, a PE ratio of 254.12, a PEG ratio of 2.14 and a beta of 1.70. The business has a 50 day moving average of $149.47 and a 200-day moving average of $157.65. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the business posted $0.40 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMD has been the topic of several research analyst reports. Bank of America reaffirmed a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Monday. Morgan Stanley boosted their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Citigroup increased their price objective on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, KeyCorp decreased their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

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.