Cullen Frost Bankers Inc. Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cullen Frost Bankers Inc. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,358 shares of the semiconductor manufacturer’s stock after selling 3,483 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Advanced Micro Devices were worth $23,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of AMD. International Assets Investment Management LLC boosted its holdings in shares of Advanced Micro Devices by 15,896.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after buying an additional 3,714,069 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Advanced Micro Devices by 104.6% in the 4th quarter. Private Advisor Group LLC now owns 99,165 shares of the semiconductor manufacturer’s stock worth $14,574,000 after buying an additional 2,278,076 shares during the last quarter. Sylebra Capital LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $227,566,000. Atreides Management LP boosted its holdings in shares of Advanced Micro Devices by 114.3% in the 3rd quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor manufacturer’s stock worth $351,925,000 after buying an additional 1,825,557 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $169,199,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $276,050,677.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,850 shares of company stock worth $34,637,833. 0.65% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMD shares. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday. KeyCorp dropped their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Cantor Fitzgerald dropped their price objective on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price objective for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Finally, The Goldman Sachs Group upped their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $183.94.

Advanced Micro Devices Trading Down 0.9 %

Shares of NASDAQ:AMD traded down $1.35 during trading on Tuesday, reaching $154.43. 37,302,953 shares of the company traded hands, compared to its average volume of 71,253,945. The business’s fifty day moving average is $174.53 and its 200-day moving average is $153.23. Advanced Micro Devices, Inc. has a 52-week low of $89.17 and a 52-week high of $227.30. The firm has a market capitalization of $249.61 billion, a price-to-earnings ratio of 227.11, a P/E/G ratio of 2.33 and a beta of 1.66. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.63 EPS 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.