Busey Bank Decreases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Busey Bank lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,992 shares of the semiconductor manufacturer’s stock after selling 163 shares during the period. Busey Bank’s holdings in Advanced Micro Devices were worth $482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. First Affirmative Financial Network lifted its stake in Advanced Micro Devices by 4.9% in the 4th quarter. First Affirmative Financial Network now owns 4,070 shares of the semiconductor manufacturer’s stock valued at $492,000 after buying an additional 190 shares in the last quarter. DMC Group LLC lifted its position in shares of Advanced Micro Devices by 0.8% in the fourth quarter. DMC Group LLC now owns 11,738 shares of the semiconductor manufacturer’s stock valued at $1,418,000 after acquiring an additional 95 shares in the last quarter. Synergy Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 6.5% during the fourth quarter. Synergy Asset Management LLC now owns 2,398 shares of the semiconductor manufacturer’s stock valued at $289,000 after acquiring an additional 147 shares during the last quarter. Enzi Wealth purchased a new stake in Advanced Micro Devices during the 4th quarter worth about $569,000. Finally, Strategic Planning Group LLC lifted its holdings in Advanced Micro Devices by 7.9% in the 4th quarter. Strategic Planning Group LLC now owns 23,569 shares of the semiconductor manufacturer’s stock valued at $2,847,000 after purchasing an additional 1,727 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. KeyCorp cut their price target on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.04.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Up 1.3 %

Shares of NASDAQ AMD opened at $118.86 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a 1 year low of $112.80 and a 1 year high of $227.30. The stock’s 50-day simple moving average is $126.74 and its 200-day simple moving average is $142.09. The firm has a market cap of $192.89 billion, a price-to-earnings ratio of 107.08, a PEG ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

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.