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

Hancock Whitney Corp grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,168 shares of the semiconductor manufacturer’s stock after purchasing an additional 801 shares during the period. Hancock Whitney Corp’s holdings in Advanced Micro Devices were worth $8,138,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMD. Kayne Anderson Rudnick Investment Management LLC grew its position in Advanced Micro Devices by 89.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer’s stock worth $336,000 after acquiring an additional 974 shares during the period. Alaethes Wealth LLC lifted its stake in Advanced Micro Devices by 0.5% in the second quarter. Alaethes Wealth LLC now owns 15,542 shares of the semiconductor manufacturer’s stock worth $2,521,000 after acquiring an additional 84 shares during the last quarter. Legacy Financial Advisors Inc. lifted its stake in Advanced Micro Devices by 3.3% in the second quarter. Legacy Financial Advisors Inc. now owns 5,908 shares of the semiconductor manufacturer’s stock worth $958,000 after acquiring an additional 187 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of Advanced Micro Devices by 16.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 20,079 shares of the semiconductor manufacturer’s stock worth $3,257,000 after buying an additional 2,815 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Advanced Micro Devices by 12.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,463,056 shares of the semiconductor manufacturer’s stock worth $237,322,000 after buying an additional 166,933 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $155.95 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The stock has a market capitalization of $252.06 billion, a P/E ratio of 229.34, a P/E/G ratio of 2.04 and a beta of 1.69. The company’s fifty day moving average is $146.77 and its two-hundred day moving average is $160.66.

Advanced Micro Devices (NASDAQ:AMD) last posted 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 net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the company posted $0.40 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Morgan Stanley boosted their price objective on shares of 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. Finally, Robert W. Baird reduced their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

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.