OLD National Bancorp IN Cuts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

OLD National Bancorp IN cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.0% during the fourth quarter, HoldingsChannel reports. The fund owned 12,194 shares of the semiconductor manufacturer’s stock after selling 2,864 shares during the quarter. OLD National Bancorp IN’s holdings in Advanced Micro Devices were worth $1,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Advanced Micro Devices by 96.7% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,299 shares of the semiconductor manufacturer’s stock valued at $634,000 after acquiring an additional 2,113 shares during the period. Handelsbanken Fonder AB grew its stake in Advanced Micro Devices by 4.7% during the 4th quarter. Handelsbanken Fonder AB now owns 610,602 shares of the semiconductor manufacturer’s stock worth $90,009,000 after buying an additional 27,677 shares during the last quarter. CWM LLC grew its stake in Advanced Micro Devices by 17.0% during the 4th quarter. CWM LLC now owns 181,768 shares of the semiconductor manufacturer’s stock worth $26,794,000 after buying an additional 26,355 shares during the last quarter. Riggs Asset Managment Co. Inc. purchased a new position in Advanced Micro Devices during the 4th quarter worth $2,239,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $63,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMD shares. Barclays boosted their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Mizuho boosted their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Finally, HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Trading Up 1.4 %

AMD opened at $148.64 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The business’s 50 day moving average price is $179.18 and its 200 day moving average price is $149.56. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The stock has a market capitalization of $240.22 billion, a PE ratio of 285.85, a P/E/G ratio of 2.23 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Company 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.