Laidlaw Wealth Management LLC Has $726,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Laidlaw Wealth Management LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,008 shares of the semiconductor manufacturer’s stock after selling 1,798 shares during the quarter. Laidlaw Wealth Management LLC’s holdings in Advanced Micro Devices were worth $726,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AMD. International Assets Investment Management LLC boosted its holdings in Advanced Micro Devices by 17,137.3% during the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock worth $1,289,818,000 after purchasing an additional 7,815,305 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Advanced Micro Devices by 42.2% in the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock valued at $1,381,679,000 after acquiring an additional 2,497,056 shares during the last quarter. Van ECK Associates Corp lifted its stake in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after acquiring an additional 2,238,866 shares during the last quarter. State Street Corp lifted its stake in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Advanced Micro Devices by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after acquiring an additional 1,565,083 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.0 %

Shares of Advanced Micro Devices stock opened at $114.28 on Wednesday. The company has a market capitalization of $185.19 billion, a price-to-earnings ratio of 115.44, a PEG ratio of 1.04 and a beta of 1.65. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $106.50 and a 12-month high of $227.30. The firm’s 50-day moving average price is $119.80 and its two-hundred day moving average price is $138.44.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, analysts forecast that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated 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 purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMD has been the subject of a number of recent analyst reports. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Evercore ISI increased their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Mizuho dropped their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC reissued a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $158.70.

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.