Moody National Bank Trust Division Decreases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Moody National Bank Trust Division lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.9% during the fourth quarter, HoldingsChannel reports. The firm owned 17,409 shares of the semiconductor manufacturer’s stock after selling 710 shares during the period. Moody National Bank Trust Division’s holdings in Advanced Micro Devices were worth $2,103,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMD. 1ST Source Bank lifted its position in Advanced Micro Devices by 4.8% in the second quarter. 1ST Source Bank now owns 2,338 shares of the semiconductor manufacturer’s stock valued at $379,000 after buying an additional 107 shares during the last quarter. Parallel Advisors LLC increased its holdings in Advanced Micro Devices by 5.7% in the 2nd quarter. Parallel Advisors LLC now owns 22,395 shares of the semiconductor manufacturer’s stock valued at $3,633,000 after purchasing an additional 1,217 shares during the last quarter. Wealthspire Advisors LLC lifted its stake in Advanced Micro Devices by 8.2% during the second quarter. Wealthspire Advisors LLC now owns 11,863 shares of the semiconductor manufacturer’s stock worth $1,924,000 after purchasing an additional 901 shares in the last quarter. Lyell Wealth Management LP boosted its position in shares of Advanced Micro Devices by 13.1% during the second quarter. Lyell Wealth Management LP now owns 85,611 shares of the semiconductor manufacturer’s stock worth $13,887,000 after buying an additional 9,935 shares during the period. Finally, Williams Financial LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at $5,328,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $0.65 during mid-day trading on Monday, hitting $116.69. 27,863,539 shares of the company were exchanged, compared to its average volume of 41,662,063. The stock has a 50 day simple moving average of $132.58 and a 200-day simple moving average of $146.57. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a market cap of $189.37 billion, a price-to-earnings ratio of 105.13, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. HSBC reissued a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $175.00 to $129.00 in a research note on Friday. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Monday, January 6th. Citigroup decreased their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.44.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 in the last three months. 0.73% of the stock is currently 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.