Lyell Wealth Management LP Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lyell Wealth Management LP lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,611 shares of the semiconductor manufacturer’s stock after buying an additional 9,935 shares during the quarter. Advanced Micro Devices accounts for approximately 1.3% of Lyell Wealth Management LP’s holdings, making the stock its 21st largest holding. Lyell Wealth Management LP’s holdings in Advanced Micro Devices were worth $13,887,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AMD. Precision Wealth Strategies LLC increased its holdings in Advanced Micro Devices by 4.0% during the 4th quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock worth $598,000 after purchasing an additional 155 shares during the last quarter. Concentrum Wealth Management increased its holdings in Advanced Micro Devices by 6.6% during the 4th quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock worth $5,625,000 after purchasing an additional 2,354 shares during the last quarter. 9258 Wealth Management LLC increased its holdings in Advanced Micro Devices by 70.4% during the 4th quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock worth $1,787,000 after purchasing an additional 5,009 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $284,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $35,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on AMD. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Susquehanna reiterated a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Truist Financial decreased their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. TD Cowen reiterated a “buy” rating and issued a $210.00 target price on shares of Advanced Micro Devices in a research report on Monday, August 19th. Finally, BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $193.45.

Advanced Micro Devices Trading Up 1.0 %

Shares of AMD stock opened at $152.31 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The stock has a fifty day moving average of $149.56 and a two-hundred day moving average of $161.88. The firm has a market capitalization of $246.51 billion, a PE ratio of 223.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the business earned $0.40 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, 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 sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.73% of the company’s stock.

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.