Trust Co. of Oklahoma Reduces Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Trust Co. of Oklahoma lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,601 shares of the semiconductor manufacturer’s stock after selling 518 shares during the quarter. Trust Co. of Oklahoma’s holdings in Advanced Micro Devices were worth $650,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC raised its position in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in Advanced Micro Devices during the 3rd quarter valued at $27,000. Northwest Bank & Trust Co bought a new stake in Advanced Micro Devices during the 4th quarter valued at $28,000. Bare Financial Services Inc bought a new stake in Advanced Micro Devices during the 4th quarter valued at $29,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AMD shares. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Wedbush reaffirmed an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Tuesday, May 7th. Benchmark reduced their target price on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Citigroup reduced their target price on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices Trading Down 0.2 %

Advanced Micro Devices stock traded down $0.41 during trading on Wednesday, reaching $163.90. 26,980,905 shares of the company were exchanged, compared to its average volume of 64,678,125. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a market capitalization of $264.91 billion, a P/E ratio of 241.03, a PEG ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The stock’s 50 day simple moving average is $159.54 and its two-hundred day simple moving average is $165.56.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

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.