UMB Bank n.a. Sells 4,440 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

UMB Bank n.a. trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,365 shares of the semiconductor manufacturer’s stock after selling 4,440 shares during the period. UMB Bank n.a.’s holdings in Advanced Micro Devices were worth $2,118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMD. Activest Wealth Management acquired a new position in Advanced Micro Devices during the third quarter valued at approximately $26,000. Peoples Bank KS bought a new position in shares of Advanced Micro Devices during the third quarter worth $26,000. Spartan Planning & Wealth Management acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $27,000. Castleview Partners LLC increased its position in shares of Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 90 shares in the last quarter. Finally, Indiana Trust & Investment Management CO bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at $31,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the sale, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Insiders sold a total of 324,943 shares of company stock valued at $59,919,994 in the last three months. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $180.77 on Thursday. The firm has a market capitalization of $292.15 billion, a price-to-earnings ratio of 347.64, a PEG ratio of 2.76 and a beta of 1.64. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $182.06 and its 200-day moving average price is $143.60. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMD. Morgan Stanley boosted their target price on Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Barclays increased their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. KeyCorp upped their price target on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Mizuho upped their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Four analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $181.82.

Read Our Latest Stock Analysis on AMD

Advanced Micro Devices Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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