Lbmc Investment Advisors LLC Acquires 2,750 Shares of Advanced Micro Devices, Inc. $AMD

Lbmc Investment Advisors LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 48.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,441 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,750 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $1,366,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after purchasing an additional 234 shares in the last quarter. Legacy Financial Advisors Inc. increased its holdings in Advanced Micro Devices by 4.2% during the 1st quarter. Legacy Financial Advisors Inc. now owns 5,212 shares of the semiconductor manufacturer’s stock worth $535,000 after purchasing an additional 210 shares during the period. HMS Capital Management LLC bought a new stake in Advanced Micro Devices during the 1st quarter valued at $902,000. Finally, Level Four Advisory Services LLC raised its position in Advanced Micro Devices by 3.1% during the 1st quarter. Level Four Advisory Services LLC now owns 38,115 shares of the semiconductor manufacturer’s stock valued at $3,916,000 after purchasing an additional 1,145 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $198.16 on Thursday. The company has a 50 day moving average price of $230.39 and a 200 day moving average price of $181.52. The firm has a market capitalization of $322.62 billion, a P/E ratio of 98.10, a PEG ratio of 1.55 and a beta of 1.93. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,108 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the sale, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at approximately $411,686,940.60. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the transaction, the chief executive officer directly owned 3,277,476 shares of the company’s stock, valued at approximately $705,116,186.64. This trade represents a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 183,476 shares of company stock worth $40,249,093 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of several recent research reports. HSBC lifted their price objective on Advanced Micro Devices from $185.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft set a $235.00 target price on shares of Advanced Micro Devices and gave the company a “hold” rating in a research report on Tuesday, October 14th. Robert W. Baird set a $300.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 5th. The Goldman Sachs Group increased their price objective on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Finally, KGI Securities set a $260.00 price objective on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Monday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.11.

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.