Glenmede Trust Co. NA Purchases 954 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Glenmede Trust Co. NA boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 39,597 shares of the semiconductor manufacturer’s stock after buying an additional 954 shares during the quarter. Glenmede Trust Co. NA’s holdings in Advanced Micro Devices were worth $6,497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in Advanced Micro Devices in the first quarter worth $49,000. EverSource Wealth Advisors LLC increased its position in shares of Advanced Micro Devices by 22.8% in the first quarter. EverSource Wealth Advisors LLC now owns 8,666 shares of the semiconductor manufacturer’s stock valued at $1,564,000 after acquiring an additional 1,607 shares during the last quarter. American Trust acquired a new stake in Advanced Micro Devices in the first quarter valued at $222,000. HM Payson & Co. grew its position in shares of Advanced Micro Devices by 8.3% in the 1st quarter. HM Payson & Co. now owns 3,894 shares of the semiconductor manufacturer’s stock valued at $703,000 after acquiring an additional 300 shares during the period. Finally, Old Port Advisors acquired a new position in shares of Advanced Micro Devices during the 1st quarter worth about $215,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMD shares. Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating for the company. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI upped their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barclays reduced their price target on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $137.18 on Friday. The stock has a market cap of $222.62 billion, a price-to-earnings ratio of 123.59, a P/E/G ratio of 1.88 and a beta of 1.71. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $116.37 and a twelve month high of $227.30. The company’s fifty day moving average is $152.16 and its 200 day moving average is $154.06.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting 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 company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred 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 owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices 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.