LCM Capital Management Inc Buys 325 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

LCM Capital Management Inc increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,745 shares of the semiconductor manufacturer’s stock after purchasing an additional 325 shares during the quarter. LCM Capital Management Inc’s holdings in Advanced Micro Devices were worth $936,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Creative Capital Management Investments LLC increased its stake in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares in the last quarter. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $32,000. FSA Wealth Management LLC purchased a new position in Advanced Micro Devices in the 3rd quarter valued at approximately $41,000. Finally, Coston McIsaac & Partners raised its holdings in Advanced Micro Devices by 319.4% during the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 198 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMD. Barclays cut their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $161.30.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $112.01 on Thursday. The firm has a fifty day simple moving average of $125.02 and a two-hundred day simple moving average of $140.59. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30. The company has a market capitalization of $181.77 billion, a PE ratio of 100.91, a P/E/G ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.