LaSalle St. Investment Advisors LLC Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

LaSalle St. Investment Advisors LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,153 shares of the semiconductor manufacturer’s stock after acquiring an additional 775 shares during the period. LaSalle St. Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $501,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Belpointe Asset Management LLC grew its holdings in Advanced Micro Devices by 2.6% in the fourth quarter. Belpointe Asset Management LLC now owns 11,954 shares of the semiconductor manufacturer’s stock valued at $1,444,000 after purchasing an additional 306 shares during the period. CreativeOne Wealth LLC boosted its holdings in shares of Advanced Micro Devices by 3.9% in the 4th quarter. CreativeOne Wealth LLC now owns 20,438 shares of the semiconductor manufacturer’s stock valued at $2,469,000 after purchasing an additional 774 shares during the last quarter. Cohen & Steers Inc. grew its stake in shares of Advanced Micro Devices by 6.0% during the 4th quarter. Cohen & Steers Inc. now owns 2,256 shares of the semiconductor manufacturer’s stock valued at $273,000 after buying an additional 127 shares during the period. SageView Advisory Group LLC increased its holdings in shares of Advanced Micro Devices by 2.4% during the 4th quarter. SageView Advisory Group LLC now owns 6,613 shares of the semiconductor manufacturer’s stock worth $799,000 after buying an additional 156 shares during the last quarter. Finally, Taurus Asset Management LLC raised its position in shares of Advanced Micro Devices by 0.6% in the 4th quarter. Taurus Asset Management LLC now owns 145,563 shares of the semiconductor manufacturer’s stock worth $17,583,000 after buying an additional 799 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value 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. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMD has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. UBS Group set a $175.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Barclays dropped their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Citigroup reduced their target price on shares of Advanced Micro Devices from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.76.

Advanced Micro Devices Stock Up 1.2 %

Advanced Micro Devices stock opened at $94.50 on Tuesday. The firm has a market capitalization of $152.74 billion, a P/E ratio of 95.46, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a 50-day simple moving average of $102.54 and a 200-day simple moving average of $125.03. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

About Advanced Micro Devices

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.