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

Lyell Wealth Management LP lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 88,365 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,125 shares during the quarter. Lyell Wealth Management LP’s holdings in Advanced Micro Devices were worth $10,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB raised its stake in Advanced Micro Devices by 0.8% in the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after buying an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC raised its stake in Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after buying an additional 324 shares in the last quarter. Vest Financial LLC raised its stake in Advanced Micro Devices by 199.0% in the third quarter. Vest Financial LLC now owns 6,733 shares of the semiconductor manufacturer’s stock valued at $1,105,000 after buying an additional 4,481 shares in the last quarter. Castleview Partners LLC increased its position in shares of Advanced Micro Devices by 10.8% during the third quarter. Castleview Partners LLC now owns 843 shares of the semiconductor manufacturer’s stock worth $138,000 after purchasing an additional 82 shares in the last quarter. Finally, Waterway Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter worth about $212,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 1.0 %

Shares of Advanced Micro Devices stock opened at $114.28 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The company has a market capitalization of $185.19 billion, a P/E ratio of 115.44, a P/E/G ratio of 1.04 and a beta of 1.65. The business has a 50 day moving average price of $119.80 and a 200 day moving average price of $138.44.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays cut their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Argus upgraded Advanced Micro Devices to a “strong-buy” rating in a research report on Thursday, February 6th. KeyCorp lowered their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Piper Sandler lowered their price target on Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Benchmark reissued a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value 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 approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.

About Advanced Micro Devices

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.