Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,841 shares of the semiconductor manufacturer's stock after selling 20,720 shares during the period. Cullen Frost Bankers Inc.'s holdings in Advanced Micro Devices were worth $20,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Cherrydale Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 4.7% in the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer's stock valued at $212,000 after buying an additional 58 shares in the last quarter. Prentice Wealth Management LLC increased its stake in Advanced Micro Devices by 1.6% during the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer's stock worth $711,000 after purchasing an additional 62 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 0.9% during the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer's stock worth $1,314,000 after purchasing an additional 63 shares in the last quarter. Delta Financial Group Inc. boosted its stake in shares of Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer's stock valued at $215,000 after purchasing an additional 63 shares during the period. Finally, Integrated Advisors Network LLC grew its holdings in shares of Advanced Micro Devices by 0.3% in the fourth quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer's stock valued at $2,793,000 after purchasing an additional 65 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 3.7 %

Shares of NASDAQ:AMD traded down $5.09 during trading on Friday, reaching $134.35. The stock had a trading volume of 39,887,977 shares, compared to its average volume of 61,473,988. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The business has a fifty day moving average price of $151.31 and a 200-day moving average price of $162.88. The stock has a market cap of $217.15 billion, a P/E ratio of 197.57, a PEG ratio of 2.03 and a beta of 1.69. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The company's quarterly revenue was up 8.9% compared to the same quarter last year. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm's stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley increased their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 31st. Wedbush reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. BNP Paribas upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, July 31st. Finally, TD Cowen reaffirmed a "buy" rating and set a $210.00 price target on shares of Advanced Micro Devices in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $193.45.

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.