M&T Bank Corp Has $344,000 Stake in Advanced Micro Devices, Inc. (AMD)

M&T Bank Corp reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,341 shares of the semiconductor manufacturer’s stock after selling 6,927 shares during the quarter. M&T Bank Corp’s holdings in Advanced Micro Devices were worth $344,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Advanced Micro Devices by 25.6% in the third quarter. Pacer Advisors Inc. now owns 22,036 shares of the semiconductor manufacturer’s stock valued at $281,000 after acquiring an additional 4,488 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Advanced Micro Devices by 3.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 138,151 shares of the semiconductor manufacturer’s stock valued at $1,760,000 after acquiring an additional 5,148 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Advanced Micro Devices by 3.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 145,009 shares of the semiconductor manufacturer’s stock valued at $1,848,000 after acquiring an additional 5,198 shares during the period. AMP Capital Investors Ltd boosted its position in shares of Advanced Micro Devices by 1.3% in the third quarter. AMP Capital Investors Ltd now owns 415,616 shares of the semiconductor manufacturer’s stock valued at $5,298,000 after acquiring an additional 5,200 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Advanced Micro Devices by 31.1% in the third quarter. Private Advisor Group LLC now owns 22,189 shares of the semiconductor manufacturer’s stock valued at $299,000 after acquiring an additional 5,261 shares during the period. Institutional investors own 59.86% of the company’s stock.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at $12.07 on Friday. The firm has a market cap of $11,423.22, a P/E ratio of 197.33, a PEG ratio of 5.05 and a beta of 2.70. The company has a quick ratio of 1.27, a current ratio of 1.76 and a debt-to-equity ratio of 2.17. Advanced Micro Devices, Inc. has a 1-year low of $9.70 and a 1-year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The business’s quarterly revenue was up 33.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) EPS. research analysts predict that Advanced Micro Devices, Inc. will post 0.3 earnings per share for the current year.

In related news, insider Mark D. Papermaster sold 173,630 shares of Advanced Micro Devices stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $12.08, for a total value of $2,097,450.40. Following the transaction, the insider now directly owns 1,331,579 shares of the company’s stock, valued at $16,085,474.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Harry A. Wolin sold 18,967 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total transaction of $201,429.54. Following the completion of the transaction, the senior vice president now directly owns 975,517 shares in the company, valued at $10,359,990.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,491,286 shares of company stock valued at $16,859,479. Company insiders own 1.60% of the company’s stock.

A number of research firms have recently commented on AMD. Argus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price objective for the company from $13.74 to $18.00 in a research report on Thursday, February 1st. Credit Suisse Group raised their price objective on shares of Advanced Micro Devices from $12.00 to $13.50 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. MKM Partners raised their price objective on shares of Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a research report on Monday, January 29th. Vetr lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $13.12 price objective for the company. in a research report on Monday, January 29th. Finally, Zacks Investment Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $14.88.

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Advanced Micro Devices Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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