Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Lyell Wealth Management LP

Lyell Wealth Management LP boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,554 shares of the semiconductor manufacturer’s stock after buying an additional 1,880 shares during the quarter. Advanced Micro Devices accounts for approximately 1.3% of Lyell Wealth Management LP’s portfolio, making the stock its 22nd largest holding. Lyell Wealth Management LP’s holdings in Advanced Micro Devices were worth $11,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AMD. Capital Investment Advisors LLC raised its position in shares of Advanced Micro Devices by 9.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 8,265 shares of the semiconductor manufacturer’s stock worth $850,000 after purchasing an additional 747 shares during the last quarter. Avior Wealth Management LLC increased its position in Advanced Micro Devices by 4.6% during the 3rd quarter. Avior Wealth Management LLC now owns 7,856 shares of the semiconductor manufacturer’s stock worth $808,000 after purchasing an additional 344 shares in the last quarter. Purus Wealth Management LLC raised its stake in Advanced Micro Devices by 3.7% in the 3rd quarter. Purus Wealth Management LLC now owns 21,851 shares of the semiconductor manufacturer’s stock valued at $2,247,000 after purchasing an additional 770 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Advanced Micro Devices by 86.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 167,310 shares of the semiconductor manufacturer’s stock valued at $17,203,000 after purchasing an additional 77,553 shares in the last quarter. Finally, Washington Trust Advisors Inc. boosted its stake in shares of Advanced Micro Devices by 262.9% during the 3rd quarter. Washington Trust Advisors Inc. now owns 1,847 shares of the semiconductor manufacturer’s stock worth $190,000 after purchasing an additional 1,338 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMD shares. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, April 17th. Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price for the company in a report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. Barclays upped their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Finally, Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $185.59.

Insider Transactions at Advanced Micro Devices

In related news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares of the company’s stock, valued at $457,151.76. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock valued at $62,580,844 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $0.53 during midday trading on Wednesday, reaching $151.74. 43,358,590 shares of the stock traded hands, compared to its average volume of 73,559,477. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The firm has a market cap of $245.23 billion, a price-to-earnings ratio of 291.81, a PEG ratio of 2.26 and a beta of 1.64. The firm has a fifty day moving average price of $178.25 and a two-hundred day moving average price of $149.89. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.64 earnings per share 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.