LCM Capital Management Inc Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

LCM Capital Management Inc raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,745 shares of the semiconductor manufacturer’s stock after purchasing an additional 325 shares during the quarter. LCM Capital Management Inc’s holdings in Advanced Micro Devices were worth $936,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its stake in Advanced Micro Devices by 12.0% in the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after purchasing an additional 60 shares during the last quarter. Wealth Effects LLC raised its holdings in shares of Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after buying an additional 65 shares during the period. Jacobsen Capital Management grew its stake in Advanced Micro Devices by 2.1% in the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after acquiring an additional 70 shares in the last quarter. Sigma Investment Counselors Inc. increased its position in shares of Advanced Micro Devices by 5.3% during the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after acquiring an additional 74 shares during the period. Finally, Bedell Frazier Investment Counselling LLC raised its stake in shares of Advanced Micro Devices by 4.3% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after acquiring an additional 74 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on AMD shares. Mizuho dropped their price objective on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday. Benchmark cut their price target on Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday. HSBC reissued a “reduce” rating and set a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Finally, Wolfe Research cut shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.30.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Down 6.3 %

NASDAQ:AMD opened at $112.01 on Thursday. The company has a market capitalization of $181.77 billion, a P/E ratio of 100.91, a PEG ratio of 1.03 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The firm has a fifty day simple moving average of $125.02 and a 200-day simple moving average of $140.59.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

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.