Lansing Street Advisors Grows Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lansing Street Advisors increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,716 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,506 shares during the period. Lansing Street Advisors’ holdings in Advanced Micro Devices were worth $927,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Precision Wealth Strategies LLC lifted its stake in shares of Advanced Micro Devices by 4.0% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock worth $598,000 after buying an additional 155 shares in the last quarter. Concentrum Wealth Management lifted its holdings in shares of Advanced Micro Devices by 6.6% during the fourth quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock valued at $5,625,000 after purchasing an additional 2,354 shares in the last quarter. 9258 Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 70.4% during the fourth quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock valued at $1,787,000 after buying an additional 5,009 shares during the last quarter. Moran Wealth Management LLC lifted its stake in Advanced Micro Devices by 19.2% during the 4th quarter. Moran Wealth Management LLC now owns 8,625 shares of the semiconductor manufacturer’s stock valued at $1,271,000 after acquiring an additional 1,388 shares during the period. Finally, Goelzer Investment Management Inc. purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $267,000. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value 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. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 4.9 %

NASDAQ AMD opened at $149.86 on Thursday. The stock has a 50 day moving average price of $150.21 and a 200-day moving average price of $162.23. 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 quick ratio of 2.01 and a current ratio of 2.82. The company has a market capitalization of $242.55 billion, a P/E ratio of 220.39, a P/E/G ratio of 1.83 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on AMD shares. Susquehanna reaffirmed a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. TD Cowen reiterated a “buy” rating and set a $210.00 price objective on shares of Advanced Micro Devices in a research report on Monday, August 19th. KeyCorp cut their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Bank of America cut their target price on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $193.45.

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.