Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by LaSalle St. Investment Advisors LLC

LaSalle St. Investment Advisors LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.9% in the 4th quarter, Holdings Channel reports. The firm owned 4,153 shares of the semiconductor manufacturer’s stock after buying an additional 775 shares during the period. LaSalle St. Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $501,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC raised its position in shares of Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after purchasing an additional 324 shares during the period. Principal Financial Group Inc. raised its holdings in Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after buying an additional 588,595 shares during the period. M&T Bank Corp raised its holdings in Advanced Micro Devices by 6.0% during the 3rd quarter. M&T Bank Corp now owns 116,889 shares of the semiconductor manufacturer’s stock worth $19,179,000 after buying an additional 6,569 shares during the period. Advisory Resource Group lifted its stake in Advanced Micro Devices by 19.3% during the third quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer’s stock valued at $1,300,000 after buying an additional 1,282 shares in the last quarter. Finally, Westside Investment Management Inc. increased its position in shares of Advanced Micro Devices by 1.9% in the third quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer’s stock worth $815,000 after acquiring an additional 103 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $94.50 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $152.74 billion, a price-to-earnings ratio of 95.46, a PEG ratio of 1.11 and a beta of 1.89. The firm’s 50 day moving average is $102.54 and its 200-day moving average is $125.03. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting 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 forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on AMD. Citigroup lowered their price objective on shares of Advanced Micro Devices from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday. KeyCorp downgraded Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 8th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Bank of America decreased their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.76.

Insider Buying and Selling

In related news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.

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.