OLD National Bancorp IN Has $1.60 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

OLD National Bancorp IN lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,238 shares of the semiconductor manufacturer’s stock after selling 1,407 shares during the period. OLD National Bancorp IN’s holdings in Advanced Micro Devices were worth $1,599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Capital Management Investments LLC boosted its stake in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC lifted its stake in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $32,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Advanced Micro Devices during the third quarter worth $41,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Down 2.4 %

NASDAQ AMD opened at $115.95 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $112.80 and a 52 week high of $227.30. The business has a 50 day moving average price of $126.37 and a 200-day moving average price of $141.93. The company has a market cap of $188.16 billion, a price-to-earnings ratio of 104.46, a P/E/G ratio of 1.04 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates 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 period last year, the firm earned $0.53 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The shares were 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. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 in the last quarter. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMD. Morgan Stanley reduced their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Citigroup lowered their price objective on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their target price for the stock from $160.00 to $129.00 in a research report on Tuesday. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $169.77.

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.