Texas Bank & Trust Co Buys Shares of 2,670 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Texas Bank & Trust Co bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,670 shares of the semiconductor manufacturer’s stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. TrinityPoint Wealth LLC raised its holdings in Advanced Micro Devices by 2.9% during the 4th quarter. TrinityPoint Wealth LLC now owns 11,401 shares of the semiconductor manufacturer’s stock valued at $1,377,000 after acquiring an additional 326 shares during the period. Strategic Wealth Partners Ltd. raised its holdings in Advanced Micro Devices by 3.6% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 20,874 shares of the semiconductor manufacturer’s stock valued at $2,334,000 after acquiring an additional 722 shares during the period. Thornburg Investment Management Inc. increased its holdings in shares of Advanced Micro Devices by 1.8% in the fourth quarter. Thornburg Investment Management Inc. now owns 186,834 shares of the semiconductor manufacturer’s stock worth $22,568,000 after purchasing an additional 3,338 shares during the period. Toronto Dominion Bank increased its holdings in shares of Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock worth $660,475,000 after purchasing an additional 4,461,609 shares during the period. Finally, Second Line Capital LLC increased its holdings in shares of Advanced Micro Devices by 19.7% in the fourth quarter. Second Line Capital LLC now owns 21,357 shares of the semiconductor manufacturer’s stock worth $2,580,000 after purchasing an additional 3,519 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Susquehanna decreased their price target on shares of Advanced Micro Devices from $150.00 to $135.00 and set a “positive” rating on the stock in a report on Thursday, April 24th. Argus set a $160.00 price target on shares of Advanced Micro Devices in a report on Thursday, February 6th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Robert W. Baird decreased their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Finally, Loop Capital decreased their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $132.10.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $117.17 on Monday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $98.94 and a 200-day moving average of $114.71. The firm has a market cap of $189.98 billion, a P/E ratio of 118.35, a P/E/G ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Advanced Micro Devices’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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.