Advanced Micro Devices, Inc. $AMD Shares Bought by Lbmc Investment Advisors LLC

by · The Cerbat Gem

Lbmc Investment Advisors LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 48.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,441 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,750 shares during the period. 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 institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Advanced Micro Devices during the second quarter worth about $3,094,662,000. Kingstone Capital Partners Texas LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter worth approximately $958,422,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Advanced Micro Devices by 131.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock valued at $1,069,846,000 after acquiring an additional 5,915,185 shares during the last quarter. Parnassus Investments LLC lifted its position in shares of Advanced Micro Devices by 47,883.5% in the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock valued at $425,592,000 after acquiring an additional 4,133,785 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 56.0% in the second quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer’s stock worth $961,078,000 after acquiring an additional 2,430,533 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Advanced Micro Devices from $180.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Piper Sandler reissued an “overweight” rating and issued a $280.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Dbs Bank raised shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 6th. Truist Financial reissued a “buy” rating and issued a $279.00 target price (up from $273.00) on shares of Advanced Micro Devices in a research note on Wednesday, November 5th. Finally, Cantor Fitzgerald set a $300.00 target price on Advanced Micro Devices in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.11.

View Our Latest Report on Advanced Micro Devices

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $198.16 on Thursday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The stock’s fifty day moving average is $230.39 and its two-hundred day moving average is $181.52. The company has a market capitalization of $322.62 billion, a P/E ratio of 98.10, a P/E/G 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 (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The firm had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period last year, the company earned $0.92 EPS. The company’s quarterly revenue was up 35.6% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices Company Profile

(Free Report)

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.

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