Hancock Whitney Corp Buys 801 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hancock Whitney Corp increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,168 shares of the semiconductor manufacturer’s stock after buying an additional 801 shares during the quarter. Hancock Whitney Corp’s holdings in Advanced Micro Devices were worth $8,138,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AMD. Precision Wealth Strategies LLC lifted its position in Advanced Micro Devices by 4.0% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock worth $598,000 after buying an additional 155 shares during the last quarter. Concentrum Wealth Management lifted its position in Advanced Micro Devices by 6.6% in the fourth quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock worth $5,625,000 after buying an additional 2,354 shares during the last quarter. 9258 Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 70.4% during the fourth quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock worth $1,787,000 after purchasing an additional 5,009 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Advanced Micro Devices by 24.6% during the fourth quarter. D.A. Davidson & CO. now owns 25,919 shares of the semiconductor manufacturer’s stock worth $3,821,000 after purchasing an additional 5,121 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its position in shares of Advanced Micro Devices by 11.5% during the fourth quarter. GW&K Investment Management LLC now owns 822 shares of the semiconductor manufacturer’s stock worth $121,000 after purchasing an additional 85 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Morgan Stanley lifted their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Robert W. Baird decreased their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Bank of America decreased their target price on Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Edward Jones initiated coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating for the company. Finally, Susquehanna reiterated a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.45.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $155.95 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The firm has a market capitalization of $252.06 billion, a price-to-earnings ratio of 229.34, a PEG ratio of 2.04 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The stock’s 50-day simple moving average is $146.77 and its 200-day simple moving average is $160.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.