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

Independence Bank of Kentucky grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 43.1% in the first quarter, HoldingsChannel reports. The fund owned 5,255 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,584 shares during the period. 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 large investors have also recently bought and sold shares of the company. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $27,000. Northwest Bank & Trust Co bought a new stake in Advanced Micro Devices in the 4th quarter valued at $28,000. Bare Financial Services Inc bought a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. MeadowBrook Investment Advisors LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. Finally, Gables Capital Management Inc. bought a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 1.7 %

AMD stock traded up $2.74 on Friday, reaching $162.21. 56,204,617 shares of the company traded hands, 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 company has a market cap of $262.18 billion, a P/E ratio of 238.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.69. The firm has a fifty day simple moving average of $159.12 and a 200-day simple moving average of $164.86.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays increased their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. Roth Mkm lowered their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Jefferies Financial Group assumed coverage on Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 price objective on the stock. Finally, Cantor Fitzgerald lowered their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report 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 issued a buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $190.83.

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.