Lazari Capital Management Inc. Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lazari Capital Management Inc. grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,839 shares of the semiconductor manufacturer’s stock after purchasing an additional 428 shares during the period. Advanced Micro Devices comprises approximately 1.2% of Lazari Capital Management Inc.’s holdings, making the stock its 17th largest holding. Lazari Capital Management Inc.’s holdings in Advanced Micro Devices were worth $2,763,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Advanced Micro Devices by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after purchasing an additional 116,020 shares in the last quarter. Chapin Davis Inc. grew its position in shares of Advanced Micro Devices by 613.4% during the 1st quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock worth $2,213,000 after buying an additional 10,544 shares in the last quarter. Wesbanco Bank Inc. increased its stake in shares of Advanced Micro Devices by 15.7% during the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock valued at $25,524,000 after buying an additional 21,132 shares during the period. St. Louis Financial Planners Asset Management LLC bought a new stake in shares of Advanced Micro Devices in the third quarter valued at about $2,394,000. Finally, Sycomore Asset Management lifted its stake in Advanced Micro Devices by 28.6% in the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after acquiring an additional 30,677 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 2.4 %

NASDAQ:AMD opened at $154.09 on Wednesday. The firm has a market capitalization of $249.06 billion, a P/E ratio of 226.60, a PEG ratio of 2.33 and a beta of 1.70. The company’s fifty day moving average price is $154.54 and its 200-day moving average price is $156.45. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the business posted $0.40 EPS. The company’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays reduced their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Wells Fargo & Company lifted their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Morgan Stanley upped their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird cut their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $195.00.

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.