Ledyard National Bank Purchases New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ledyard National Bank purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,542 shares of the semiconductor manufacturer’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Gables Capital Management Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $30,000. Addison Advisors LLC grew its stake in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares in the last quarter. Peoples Bank KS acquired a new position in shares of Advanced Micro Devices in the third quarter valued at about $26,000. Finally, Spartan Planning & Wealth Management acquired a new stake in Advanced Micro Devices during the third quarter worth about $27,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Up 0.0 %

Shares of NASDAQ:AMD traded up $0.08 during mid-day trading on Tuesday, hitting $160.28. The company had a trading volume of 24,185,471 shares, compared to its average volume of 71,816,438. The firm has a fifty day moving average price of $177.19 and a 200 day moving average price of $151.21. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The company has a market capitalization of $259.03 billion, a PE ratio of 309.89, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter last year, the firm posted $0.54 EPS. Advanced Micro Devices’s revenue was up 10.2% compared to the same quarter last year. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Wall Street Analyst Weigh In

AMD has been the topic of a number of analyst reports. Roth Mkm increased their price objective on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Susquehanna reduced their price objective on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research note on Monday. Bank of America increased their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Evercore ISI started coverage on shares of Advanced Micro Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $200.00 price objective on the stock. Finally, TD Cowen raised their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $184.68.

Insider Activity at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is owned by company insiders.

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.