Independence Bank of Kentucky Has $948,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Independence Bank of Kentucky increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 43.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,255 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,584 shares during the quarter. Independence Bank of Kentucky’s holdings in Advanced Micro Devices were worth $948,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMD. OneAscent Financial Services LLC grew its holdings in Advanced Micro Devices by 5.1% in the 1st quarter. OneAscent Financial Services LLC now owns 5,459 shares of the semiconductor manufacturer’s stock valued at $985,000 after buying an additional 265 shares in the last quarter. KRS Capital Management LLC lifted its position in shares of Advanced Micro Devices by 1.2% during the 1st quarter. KRS Capital Management LLC now owns 38,484 shares of the semiconductor manufacturer’s stock valued at $6,946,000 after acquiring an additional 450 shares during the period. Astoria Portfolio Advisors LLC. lifted its position in shares of Advanced Micro Devices by 13.3% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 1,708 shares of the semiconductor manufacturer’s stock valued at $308,000 after acquiring an additional 200 shares during the period. Financial Management Professionals Inc. lifted its position in shares of Advanced Micro Devices by 9.8% during the 1st quarter. Financial Management Professionals Inc. now owns 1,789 shares of the semiconductor manufacturer’s stock valued at $323,000 after acquiring an additional 160 shares during the period. Finally, Norway Savings Bank lifted its position in shares of Advanced Micro Devices by 7.6% during the 1st quarter. Norway Savings Bank now owns 10,073 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after acquiring an additional 715 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD stock traded up $2.74 during trading hours on Friday, hitting $162.21. The stock had a trading volume of 56,204,617 shares, compared to its average volume of 48,393,012. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The stock’s 50-day moving average price is $159.12 and its two-hundred day moving average price is $164.86. The stock has a market capitalization of $262.18 billion, a price-to-earnings ratio of 238.55, a PEG ratio of 1.84 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays upped their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Susquehanna upped their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Evercore ISI dropped their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, Piper Sandler reissued an “overweight” rating and issued a $175.00 price target (down previously from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.83.

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.