CoreFirst Bank & Trust Acquires Shares of 1,877 Advanced Micro Devices, Inc. (NASDAQ:AMD)

CoreFirst Bank & Trust bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,877 shares of the semiconductor manufacturer’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Shum Financial Group Inc. acquired a new stake in shares of Advanced Micro Devices during the third quarter worth approximately $858,000. State Street Corp boosted its stake in Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the last quarter. Geode Capital Management LLC grew its holdings in Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after acquiring an additional 441,924 shares in the last quarter. Enzi Wealth bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $569,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $65,897,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMD shares. HSBC reiterated a “reduce” rating and issued a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. UBS Group set a $175.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $155.14.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 7.0 %

Shares of AMD stock opened at $113.85 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market cap of $184.49 billion, a PE ratio of 115.00, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The business’s fifty day moving average is $110.21 and its 200-day moving average is $131.60. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 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.