Stock Yards Bank & Trust Co. Has $1.17 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stock Yards Bank & Trust Co. reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 31.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,923 shares of the semiconductor manufacturer’s stock after selling 3,707 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Advanced Micro Devices were worth $1,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Washburn Capital Management Inc. bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $231,000. Pathway Financial Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $229,000. Independence Bank of Kentucky increased its holdings in shares of Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the last quarter. Gendell Jeffrey L acquired a new position in shares of Advanced Micro Devices in the third quarter valued at $3,085,000. Finally, Sara Bay Financial acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $315,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Up 2.4 %

Advanced Micro Devices stock opened at $152.27 on Wednesday. The firm has a 50 day moving average price of $178.79 and a two-hundred day moving average price of $149.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The firm has a market cap of $246.09 billion, a price-to-earnings ratio of 292.83, a PEG ratio of 2.23 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. Advanced Micro Devices’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMD shares. Mizuho increased their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. TD Cowen boosted their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Bank of America lifted their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $185.59.

Insider Activity

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 in the last ninety days. 0.65% of the stock is owned by company insiders.

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.