Lake Street Private Wealth LLC Lowers Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lake Street Private Wealth LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,193 shares of the semiconductor manufacturer’s stock after selling 754 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Advanced Micro Devices were worth $1,352,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bradley Foster & Sargent Inc. CT grew its stake in shares of Advanced Micro Devices by 2.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 6,729 shares of the semiconductor manufacturer’s stock worth $1,092,000 after acquiring an additional 141 shares in the last quarter. Richardson Financial Services Inc. grew its position in Advanced Micro Devices by 45.1% in the 2nd quarter. Richardson Financial Services Inc. now owns 515 shares of the semiconductor manufacturer’s stock worth $84,000 after purchasing an additional 160 shares in the last quarter. ProVise Management Group LLC purchased a new stake in Advanced Micro Devices in the 2nd quarter valued at about $399,000. Brighton Jones LLC lifted its position in shares of Advanced Micro Devices by 18.5% during the 2nd quarter. Brighton Jones LLC now owns 28,265 shares of the semiconductor manufacturer’s stock worth $4,585,000 after buying an additional 4,404 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of Advanced Micro Devices by 10.8% in the 2nd quarter. Ieq Capital LLC now owns 96,038 shares of the semiconductor manufacturer’s stock worth $15,578,000 after buying an additional 9,363 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $121.46 on Friday. The stock has a market cap of $197.11 billion, a P/E ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $130.47 and its two-hundred day moving average price is $145.58. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the firm posted $0.53 earnings per share. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock valued at $28,165,821. Insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMD. Barclays decreased their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the stock from $180.00 to $155.00 in a report on Monday, December 9th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $178.61.

Advanced Micro Devices Company 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.