Hemenway Trust Co LLC Has $31 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hemenway Trust Co LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 256,606 shares of the semiconductor manufacturer’s stock after buying an additional 1,471 shares during the quarter. Advanced Micro Devices comprises about 2.5% of Hemenway Trust Co LLC’s portfolio, making the stock its 17th biggest position. Hemenway Trust Co LLC’s holdings in Advanced Micro Devices were worth $30,995,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $65,897,000. Geode Capital Management LLC boosted its stake 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 valued at $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. Enzi Wealth bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $569,000. Welch Group LLC raised its stake in shares of Advanced Micro Devices by 6.3% in the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after purchasing an additional 2,981 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its holdings in shares of Advanced Micro Devices by 39.5% in the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock valued at $61,896,000 after purchasing an additional 145,067 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 8.6 %

Shares of NASDAQ AMD opened at $85.76 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $138.61 billion, a P/E ratio of 86.63, a P/E/G ratio of 1.11 and a beta of 1.88. Advanced Micro Devices, Inc. has a 52 week low of $83.67 and a 52 week high of $187.28. The business has a 50-day simple moving average of $106.88 and a two-hundred day simple moving average of $129.10.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, 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 the SEC website. Insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AMD shares. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Benchmark reiterated a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Mizuho dropped their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Finally, Melius Research reissued a “hold” rating and set a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.72.

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.