Pinnacle Bancorp Inc. Has $122,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Pinnacle Bancorp Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 745 shares of the semiconductor manufacturer’s stock after purchasing an additional 159 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Advanced Micro Devices were worth $122,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMD. Public Employees Retirement System of Ohio raised its stake in shares of Advanced Micro Devices by 0.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 810,198 shares of the semiconductor manufacturer’s stock valued at $119,431,000 after acquiring an additional 3,980 shares during the last quarter. Childress Capital Advisors LLC increased its holdings in Advanced Micro Devices by 14.1% during the 4th quarter. Childress Capital Advisors LLC now owns 5,854 shares of the semiconductor manufacturer’s stock valued at $863,000 after purchasing an additional 722 shares in the last quarter. CMG Global Holdings LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $213,000. Sanibel Captiva Trust Company Inc. acquired a new position in Advanced Micro Devices in the fourth quarter worth $19,035,000. Finally, Secured Retirement Advisors LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $2,010,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Robert W. Baird cut their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Susquehanna reiterated a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Roth Mkm reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $167.89 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The stock has a market cap of $271.73 billion, a price-to-earnings ratio of 204.75, a PEG ratio of 2.33 and a beta of 1.70. The business has a 50 day simple moving average of $150.63 and a 200 day simple moving average of $157.79. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share 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.