LCM Capital Management Inc Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

LCM Capital Management Inc increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,420 shares of the semiconductor manufacturer’s stock after buying an additional 387 shares during the period. Advanced Micro Devices accounts for approximately 0.7% of LCM Capital Management Inc’s portfolio, making the stock its 27th largest holding. LCM Capital Management Inc’s holdings in Advanced Micro Devices were worth $1,217,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fairfield Financial Advisors LTD raised its position in shares of Advanced Micro Devices by 20.7% during the 3rd quarter. Fairfield Financial Advisors LTD now owns 7,340 shares of the semiconductor manufacturer’s stock valued at $1,204,000 after buying an additional 1,260 shares in the last quarter. AustralianSuper Pty Ltd lifted its stake in Advanced Micro Devices by 15.9% during the third quarter. AustralianSuper Pty Ltd now owns 10,350 shares of the semiconductor manufacturer’s stock worth $1,698,000 after purchasing an additional 1,421 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Advanced Micro Devices by 3.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,992 shares of the semiconductor manufacturer’s stock valued at $327,000 after purchasing an additional 75 shares during the last quarter. US Bancorp DE raised its holdings in shares of Advanced Micro Devices by 13.1% during the 3rd quarter. US Bancorp DE now owns 1,099,495 shares of the semiconductor manufacturer’s stock valued at $180,405,000 after buying an additional 127,292 shares in the last quarter. Finally, HM Payson & Co. lifted its position in Advanced Micro Devices by 22.9% in the 3rd quarter. HM Payson & Co. now owns 4,814 shares of the semiconductor manufacturer’s stock worth $790,000 after buying an additional 896 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 3.0 %

AMD opened at $144.07 on Friday. The stock has a market cap of $232.86 billion, a price-to-earnings ratio of 211.87, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The firm’s fifty day moving average is $155.01 and its 200 day moving average is $155.94. Advanced Micro Devices, Inc. has a fifty-two week low of $94.07 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMD shares. Bank of America reissued a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday. Roth Mkm reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. TD Cowen dropped their price objective on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday. Finally, BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

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.