Hancock Whitney Corp Decreases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hancock Whitney Corp lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 76.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,570 shares of the semiconductor manufacturer’s stock after selling 38,575 shares during the period. Hancock Whitney Corp’s holdings in Advanced Micro Devices were worth $1,398,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices during the 4th quarter valued at $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices in the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $29,000. Summit Securities Group LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $96.64 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $156.20 billion, a P/E ratio of 97.62, a PEG ratio of 1.11 and a beta of 1.89. The company has a 50-day moving average price of $98.72 and a 200-day moving average price of $120.90. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent research reports. DZ Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Friday, February 7th. TD Cowen reduced their target price on shares of Advanced Micro Devices from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Wedbush lowered their price target on shares of Advanced Micro Devices from $150.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Finally, Argus set a $160.00 target price on shares of Advanced Micro Devices in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $140.57.

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.