Trust Co. of Vermont reduces its position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

According to the latest Form 13F filed with the Securities and Exchange Commission, Trust Co. of Vermont reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) up 3.2% in the fourth quarter . The fund owned 3,001 shares of the semiconductor maker after selling 100 shares during the quarter. According to a recent filing with the Securities and Exchange Commission, shares of Trust Co. of Vermont at Advanced Micro Devices were worth $442,000.

Other institutional investors also increased or decreased their stakes in the company. Northwest Bank & Trust Co acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $28,000. Bare Financial Services Inc acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. Gables Capital Management Inc. acquired new shares of Advanced Micro Devices during the fourth quarter worth approximately $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. 71.34% of the shares are held by hedge funds and other institutional investors.

A Wall Street analyst weighs in

AMD has been the subject of many recent analyst reports. Mizuho lowered their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Morgan Stanley downgraded shares of Advanced Micro Devices from “overweight” to “equal weight” and set a price target for the stock at $176.00. in a research note dated Monday, June 10. Wedbush affirmed an “outperform” rating and had a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Citigroup lowered their target price on shares of 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. Finally, on Tuesday, April 16, HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the company from $180.00 to $225.00. One analyst rated the company’s shares with a sell rating, three with a hold rating, and twenty-seven gave the company a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

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Buying and selling confidential information at Advanced Micro Devices

In related news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing filed with the SEC, which can be accessed through the SEC’s website. Corporate insiders own 0.65% of the company’s stock.

Advanced micro device stocks fell 2.6%

During Monday’s trading hours, AMD shares fell $4.17 to $155.46. The company’s trading volume was 11,191,834 shares, while its average trading volume was 65,732,688. Advanced Micro Devices, Inc. it has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a fifty-day moving average price of $159.73 and a 200-day moving average price of $162.94. The market capitalization of the company’s stock is $251.27 billion, the price-to-earnings ratio is 233.58, the P/E/G ratio is 1.85 and the beta is 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) released its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, $0.01 above the analyst consensus of $0.61. The company 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 company’s quarterly revenues increased by 2.2% compared to the same quarter last year. During the same period last year, the company saw an EPS of $0.43. On average, equity research analysts forecast that Advanced Micro Devices, Inc. will record 2.61 EPS in the current fiscal year.

Advanced microdevice profile

(free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers microprocessors and x86 graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

A Wall Street analyst weighs in

Buying and selling confidential information at Advanced Micro Devices

Advanced micro device stocks fell 2.6%

Advanced microdevice profile

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