Hancock Whitney Corp Sells 38,575 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hancock Whitney Corp decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 76.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,570 shares of the semiconductor manufacturer's stock after selling 38,575 shares during the period. Hancock Whitney Corp's holdings in Advanced Micro Devices were worth $1,398,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMD. Norges Bank acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $2,867,193,000. Van ECK Associates Corp boosted its stake in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock worth $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after buying an additional 1,441,626 shares in the last quarter. Alecta Tjanstepension Omsesidigt acquired a new position in Advanced Micro Devices during the 4th quarter worth about $165,952,000. Finally, Capital Research Global Investors acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $165,739,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Philip Guido bought 4,645 shares of the firm's stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. DZ Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wedbush cut their price objective on shares of Advanced Micro Devices from $150.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group cut shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and dropped their target price for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, Evercore ISI dropped their price objective on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $140.57.

Advanced Micro Devices Stock Down 0.3 %

Shares of Advanced Micro Devices stock traded down $0.25 on Monday, reaching $96.39. 30,402,016 shares of the company were exchanged, compared to its average volume of 42,765,079. The company has a market capitalization of $155.79 billion, a price-to-earnings ratio of 97.36, a PEG ratio of 1.11 and a beta of 1.89. The company has a 50-day moving average of $98.72 and a 200 day moving average of $120.25. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices 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.