Simmons Bank Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Simmons Bank increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,271 shares of the semiconductor manufacturer’s stock after acquiring an additional 75 shares during the period. Simmons Bank’s holdings in Advanced Micro Devices were worth $335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AMD. International Assets Investment Management LLC grew its holdings in Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after purchasing an additional 3,714,069 shares during the period. Private Advisor Group LLC raised its stake in Advanced Micro Devices by 104.6% during the fourth quarter. Private Advisor Group LLC now owns 99,165 shares of the semiconductor manufacturer’s stock valued at $14,574,000 after buying an additional 2,278,076 shares during the last quarter. Sylebra Capital LLC bought a new stake in Advanced Micro Devices in the third quarter worth $227,566,000. Atreides Management LP increased its holdings in shares of Advanced Micro Devices by 114.3% during the third quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor manufacturer’s stock valued at $351,925,000 after acquiring an additional 1,825,557 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Advanced Micro Devices in the third quarter worth about $169,199,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 181,850 shares of company stock valued at $34,637,833. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Down 0.7 %

Shares of NASDAQ:AMD traded down $1.06 on Wednesday, hitting $153.37. 24,843,432 shares of the company’s stock were exchanged, compared to its average volume of 70,726,570. The stock has a market capitalization of $247.89 billion, a price-to-earnings ratio of 225.08, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The business’s 50 day simple moving average is $174.53 and its two-hundred day simple moving average is $153.23.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMD. Morgan Stanley lowered their price objective on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Tuesday. Raymond James downgraded Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Truist Financial cut their price target on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. Finally, Mizuho dropped their price objective 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $183.94.

Advanced Micro Devices Company Profile

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.