Advanced Micro Devices, Inc. (NASDAQ:AMD) Holdings Cut by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,518 shares of the semiconductor manufacturer’s stock after selling 1,123 shares during the period. ST Germain D J Co. Inc.’s holdings in Advanced Micro Devices were worth $5,860,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Watts Gwilliam & Co. LLC raised its holdings in shares of Advanced Micro Devices by 151.6% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 19,279 shares of the semiconductor manufacturer’s stock valued at $2,455,000 after purchasing an additional 11,616 shares in the last quarter. Park National Corp OH lifted its position in shares of Advanced Micro Devices by 87.1% in the fourth quarter. Park National Corp OH now owns 2,683 shares of the semiconductor manufacturer’s stock worth $324,000 after buying an additional 1,249 shares during the last quarter. Norway Savings Bank boosted its stake in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Norway Savings Bank now owns 12,612 shares of the semiconductor manufacturer’s stock worth $1,523,000 after acquiring an additional 358 shares in the last quarter. Bank of New Hampshire increased its holdings in shares of Advanced Micro Devices by 1.5% during the 4th quarter. Bank of New Hampshire now owns 9,802 shares of the semiconductor manufacturer’s stock valued at $1,184,000 after acquiring an additional 148 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. raised its stake in shares of Advanced Micro Devices by 72.5% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 5,712 shares of the semiconductor manufacturer’s stock valued at $690,000 after acquiring an additional 2,400 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

AMD stock traded down $6.52 during trading on Friday, hitting $115.32. 30,470,305 shares of the stock traded hands, compared to its average volume of 38,995,813. The stock has a market cap of $187.14 billion, a price-to-earnings ratio of 103.89, a P/E/G ratio of 1.88 and a beta of 1.66. Advanced Micro Devices, Inc. has a one year low of $114.45 and a one year high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a 50 day simple moving average of $133.09 and a 200 day simple moving average of $147.05.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business 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 business earned $0.53 EPS. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value 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. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMD has been the topic of several analyst reports. Roth Mkm reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. Finally, UBS Group dropped their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.96.

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.