Lansing Street Advisors Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lansing Street Advisors grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,310 shares of the semiconductor manufacturer’s stock after purchasing an additional 594 shares during the period. Lansing Street Advisors’ holdings in Advanced Micro Devices were worth $1,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cherrydale Wealth Management LLC lifted its holdings in Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after buying an additional 58 shares in the last quarter. Christopher J. Hasenberg Inc increased its position in shares of Advanced Micro Devices by 12.0% during the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after acquiring an additional 60 shares during the period. Delta Financial Group Inc. boosted its holdings in shares of Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after purchasing an additional 63 shares during the period. Trivant Custom Portfolio Group LLC grew its stake in Advanced Micro Devices by 0.3% in the second quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock worth $3,995,000 after purchasing an additional 65 shares in the last quarter. Finally, Wealth Effects LLC increased its holdings in Advanced Micro Devices by 0.7% during the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after purchasing an additional 65 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AMD shares. KeyCorp cut their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Bank of America reaffirmed a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Truist Financial reduced their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Finally, Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday. One 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. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $141.86 on Monday. Advanced Micro Devices, Inc. has a 1 year low of $105.91 and a 1 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 2.50. The company’s 50 day simple moving average is $154.75 and its 200-day simple moving average is $155.77. The company has a market capitalization of $230.21 billion, a price-to-earnings ratio of 127.80, a price-to-earnings-growth ratio of 1.98 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.55 earnings per share for the current year.

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.