Cullen Frost Bankers Inc. Sells 16,233 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cullen Frost Bankers Inc. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,851 shares of the semiconductor manufacturer’s stock after selling 16,233 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Advanced Micro Devices were worth $11,215,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AMD. Arizona State Retirement System lifted its holdings in Advanced Micro Devices by 1.3% in the 4th quarter. Arizona State Retirement System now owns 469,457 shares of the semiconductor manufacturer’s stock worth $56,706,000 after purchasing an additional 6,085 shares in the last quarter. Vantage Financial Partners LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $277,000. Proficio Capital Partners LLC raised its position in shares of Advanced Micro Devices by 36.9% during the fourth quarter. Proficio Capital Partners LLC now owns 4,880 shares of the semiconductor manufacturer’s stock valued at $589,000 after buying an additional 1,315 shares during the last quarter. SPC Financial Inc. lifted its holdings in shares of Advanced Micro Devices by 13.7% in the fourth quarter. SPC Financial Inc. now owns 3,595 shares of the semiconductor manufacturer’s stock worth $434,000 after buying an additional 433 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of Advanced Micro Devices by 1.5% during the fourth quarter. M&T Bank Corp now owns 118,678 shares of the semiconductor manufacturer’s stock worth $14,335,000 after acquiring an additional 1,789 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on AMD shares. KeyCorp reduced their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Truist Financial set a $130.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Stifel Nicolaus dropped their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $155.83.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $98.85 on Friday. 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 stock has a market cap of $160.18 billion, a price-to-earnings ratio of 99.85, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The firm has a 50-day moving average of $114.89 and a two-hundred day moving average of $135.66. Advanced Micro Devices, Inc. has a 1 year low of $95.89 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results 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, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices 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.