FineMark National Bank & Trust Has $1.19 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

FineMark National Bank & Trust decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,856 shares of the semiconductor manufacturer’s stock after selling 690 shares during the period. FineMark National Bank & Trust’s holdings in Advanced Micro Devices were worth $1,191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMD. Shum Financial Group Inc. acquired a new stake in Advanced Micro Devices during the third quarter worth approximately $858,000. State Street Corp grew its holdings in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after purchasing an additional 441,924 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $65,897,000. Finally, Enzi Wealth bought a new stake in Advanced Micro Devices during the fourth quarter worth about $569,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.8 %

Shares of Advanced Micro Devices stock opened at $114.81 on Wednesday. The stock’s 50-day moving average is $110.18 and its 200 day moving average is $131.46. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28. The firm has a market cap of $186.05 billion, a price-to-earnings ratio of 115.97, a PEG ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

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

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Benchmark restated a “buy” rating and set a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Bank of America decreased their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.14.

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.