Zions Bancorporation N.A. Has $294,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Zions Bancorporation N.A. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,438 shares of the semiconductor manufacturer’s stock after selling 357 shares during the quarter. Zions Bancorporation N.A.’s holdings in Advanced Micro Devices were worth $294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. EFG Asset Management North America Corp. lifted its holdings in shares of Advanced Micro Devices by 9.4% during the fourth quarter. EFG Asset Management North America Corp. now owns 22,322 shares of the semiconductor manufacturer’s stock worth $2,696,000 after purchasing an additional 1,916 shares during the period. CoreFirst Bank & Trust acquired a new position in Advanced Micro Devices during the 4th quarter worth about $227,000. Zevenbergen Capital Investments LLC grew its position in shares of Advanced Micro Devices by 2.0% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 1,044,000 shares of the semiconductor manufacturer’s stock valued at $126,105,000 after buying an additional 20,184 shares during the last quarter. Lynx Investment Advisory increased its stake in shares of Advanced Micro Devices by 6.5% in the fourth quarter. Lynx Investment Advisory now owns 2,221 shares of the semiconductor manufacturer’s stock valued at $268,000 after buying an additional 136 shares during the period. Finally, Congress Wealth Management LLC DE raised its position in shares of Advanced Micro Devices by 44.7% during the fourth quarter. Congress Wealth Management LLC DE now owns 19,624 shares of the semiconductor manufacturer’s stock worth $2,370,000 after acquiring an additional 6,060 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Susquehanna reduced their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. Melius Research reissued a “hold” rating and set a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Benchmark restated a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Finally, Loop Capital assumed coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.14.

Insider Buying and Selling

In related news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Down 4.0 %

AMD stock opened at $110.19 on Thursday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $109.99 and its 200-day moving average is $131.31. Advanced Micro Devices, Inc. has a twelve month low of $94.73 and a twelve month high of $187.28. The firm has a market capitalization of $178.56 billion, a PE ratio of 111.30, a P/E/G ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS 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.