Lazari Capital Management Inc. Sells 1,529 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lazari Capital Management Inc. lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,472 shares of the semiconductor manufacturer’s stock after selling 1,529 shares during the quarter. Advanced Micro Devices comprises approximately 1.5% of Lazari Capital Management Inc.’s holdings, making the stock its 14th biggest holding. Lazari Capital Management Inc.’s holdings in Advanced Micro Devices were worth $2,576,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMD. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth approximately $27,000. Bare Financial Services Inc acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $30,000. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMD shares. Morgan Stanley cut shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price objective for the company. in a research report on Monday, June 10th. Roth Mkm lowered their price objective on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. KeyCorp lowered their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices Stock Down 0.2 %

Shares of NASDAQ AMD traded down $0.27 during mid-day trading on Friday, reaching $159.63. 34,054,023 shares of the company’s stock traded hands, compared to its average volume of 51,510,504. The stock has a market cap of $258.01 billion, a P/E ratio of 234.75, a PEG ratio of 1.84 and a beta of 1.69. The business has a 50-day simple moving average of $159.73 and a 200 day simple moving average of $162.67. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-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.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.73% of the stock is owned by corporate insiders.

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.