Advanced Micro Devices, Inc. (NASDAQ:AMD) is Kelly Lawrence W & Associates Inc. CA’s 5th Largest Position

Kelly Lawrence W & Associates Inc. CA raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 166,090 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,200 shares during the quarter. Advanced Micro Devices accounts for approximately 4.7% of Kelly Lawrence W & Associates Inc. CA’s holdings, making the stock its 5th biggest position. Kelly Lawrence W & Associates Inc. CA’s holdings in Advanced Micro Devices were worth $20,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMD. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Summit Securities Group LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $87.50 on Friday. 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 company has a market cap of $141.42 billion, a PE ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The business’s fifty day simple moving average is $100.93 and its 200-day simple moving average is $123.30.

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

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMD. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. KeyCorp cut shares of Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 8th. TD Cowen cut their price objective on Advanced Micro Devices from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. UBS Group dropped their price target on Advanced Micro Devices from $175.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday. Finally, StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.90.

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.