Charles Schwab Trust Co Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Charles Schwab Trust Co purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,245 shares of the semiconductor manufacturer’s stock, valued at approximately $204,000.

Several other institutional investors have also recently made changes to their positions in AMD. Cherrydale Wealth Management LLC increased its position in Advanced Micro Devices by 4.7% during the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after buying an additional 58 shares in the last quarter. Christopher J. Hasenberg Inc raised its stake in Advanced Micro Devices by 12.0% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock valued at $97,000 after purchasing an additional 60 shares during the last quarter. Prentice Wealth Management LLC lifted its holdings in Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 62 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after purchasing an additional 63 shares during the last quarter. Finally, Delta Financial Group Inc. boosted its stake in shares of Advanced Micro Devices by 5.0% during the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of a number of recent analyst reports. Edward Jones began coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating on the stock. Truist Financial lowered their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. KeyCorp cut their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Morgan Stanley boosted their target price 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. Finally, StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $194.31.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded up $3.72 during trading hours on Friday, reaching $167.90. 26,285,186 shares of the stock were exchanged, compared to its average volume of 57,977,402. The stock has a market capitalization of $271.74 billion, a P/E ratio of 200.40, a P/E/G ratio of 2.33 and a beta of 1.70. The firm has a 50 day simple moving average of $150.63 and a 200-day simple moving average of $157.79. 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, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping 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 company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the company earned $0.40 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.