Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,761 shares of the semiconductor manufacturer’s stock after selling 1,201 shares during the period. Lake Street Advisors Group LLC’s holdings in Advanced Micro Devices were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ARK Investment Management LLC boosted its position in Advanced Micro Devices by 53.6% during the fourth quarter. ARK Investment Management LLC now owns 1,206,588 shares of the semiconductor manufacturer’s stock worth $145,744,000 after purchasing an additional 421,275 shares in the last quarter. Cavalier Investments LLC raised its stake in shares of Advanced Micro Devices by 4.1% during the 4th quarter. Cavalier Investments LLC now owns 8,570 shares of the semiconductor manufacturer’s stock worth $1,035,000 after buying an additional 336 shares during the last quarter. Longbow Finance SA boosted its position in shares of Advanced Micro Devices by 5.0% in the 4th quarter. Longbow Finance SA now owns 45,438 shares of the semiconductor manufacturer’s stock worth $5,488,000 after buying an additional 2,152 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $284,000. Finally, Hendley & Co. Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $211,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred 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 owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. DZ Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Friday, February 7th. Finally, Argus set a $160.00 price objective on Advanced Micro Devices in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $104.74 on Thursday. The firm has a market capitalization of $169.73 billion, a PE ratio of 105.80, a P/E/G ratio of 1.11 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $103.62 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The business has a 50-day moving average of $117.72 and a two-hundred day moving average of $137.42.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 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.