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

OLD National Bancorp IN lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,238 shares of the semiconductor manufacturer’s stock after selling 1,407 shares during the quarter. OLD National Bancorp IN’s holdings in Advanced Micro Devices were worth $1,599,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Anchor Investment Management LLC grew its position in shares of Advanced Micro Devices by 1.6% in the 2nd quarter. Anchor Investment Management LLC now owns 5,919 shares of the semiconductor manufacturer’s stock valued at $960,000 after purchasing an additional 94 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in Advanced Micro Devices by 5.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 5,005 shares of the semiconductor manufacturer’s stock valued at $821,000 after buying an additional 255 shares in the last quarter. Czech National Bank boosted its holdings in shares of Advanced Micro Devices by 7.0% in the third quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock valued at $54,099,000 after buying an additional 21,708 shares during the period. Canandaigua National Bank & Trust Co. increased its position in shares of Advanced Micro Devices by 90.6% during the third quarter. Canandaigua National Bank & Trust Co. now owns 3,312 shares of the semiconductor manufacturer’s stock worth $543,000 after acquiring an additional 1,574 shares in the last quarter. Finally, Delta Financial Group Inc. raised its holdings in shares of Advanced Micro Devices by 68.2% during the third quarter. Delta Financial Group Inc. now owns 2,228 shares of the semiconductor manufacturer’s stock worth $366,000 after acquiring an additional 903 shares during the period. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMD shares. Mizuho lowered their target price on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Wells Fargo & Company decreased their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their target price for the company from $160.00 to $129.00 in a research note on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $169.77.

Advanced Micro Devices Trading Down 2.4 %

Shares of NASDAQ:AMD opened at $115.95 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $112.80 and a 12-month high of $227.30. The business has a 50 day moving average of $126.37 and a 200-day moving average of $141.93. 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 stock has a market cap of $188.16 billion, a PE 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 results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion during 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%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices 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 of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, 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 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.