Hancock Whitney Corp Has $1.40 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hancock Whitney Corp trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 76.9% in the fourth quarter, according to its most recent Form 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.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $2,867,193,000. Van ECK Associates Corp lifted its stake in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after buying an additional 2,238,866 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after buying an additional 1,441,626 shares in the last quarter. Alecta Tjanstepension Omsesidigt acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $165,952,000. Finally, Capital Research Global Investors bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $165,739,000. 71.34% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMD has been the subject of several research analyst reports. DZ Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research note on Friday, February 7th. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Summit Insights raised Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Benchmark reaffirmed a “buy” rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Finally, Bank of America reduced their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $140.57.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $96.64 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The business has a fifty day simple moving average of $98.72 and a two-hundred day simple moving average of $120.90. The company has a market capitalization of $156.20 billion, a P/E ratio of 97.62, a P/E/G ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.