Lazari Capital Management Inc. Grows Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lazari Capital Management Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,536 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,697 shares during the quarter. Advanced Micro Devices comprises 1.0% of Lazari Capital Management Inc.’s investment portfolio, making the stock its 17th largest holding. Lazari Capital Management Inc.’s holdings in Advanced Micro Devices were worth $2,481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chicago Capital LLC raised its position in Advanced Micro Devices by 1.4% during the 4th quarter. Chicago Capital LLC now owns 71,051 shares of the semiconductor manufacturer’s stock worth $8,582,000 after buying an additional 998 shares during the last quarter. Abner Herrman & Brock LLC raised its position in Advanced Micro Devices by 1.3% during the 4th quarter. Abner Herrman & Brock LLC now owns 145,033 shares of the semiconductor manufacturer’s stock worth $17,519,000 after buying an additional 1,837 shares during the last quarter. Magnolia Capital Advisors LLC raised its position in Advanced Micro Devices by 2.9% during the 4th quarter. Magnolia Capital Advisors LLC now owns 4,267 shares of the semiconductor manufacturer’s stock worth $515,000 after buying an additional 120 shares during the last quarter. KPP Advisory Services LLC raised its position in Advanced Micro Devices by 6.4% during the 4th quarter. KPP Advisory Services LLC now owns 4,807 shares of the semiconductor manufacturer’s stock worth $581,000 after buying an additional 288 shares during the last quarter. Finally, Lynch Asset Management Inc. raised its position in Advanced Micro Devices by 0.9% during the 4th quarter. Lynch Asset Management Inc. now owns 35,475 shares of the semiconductor manufacturer’s stock worth $4,285,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 in the last ninety days. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $115.95 on Monday. Advanced Micro Devices, Inc. has a 12-month low of $112.80 and a 12-month high of $227.30. The stock has a market capitalization of $188.16 billion, a P/E ratio of 104.46, a P/E/G ratio of 1.03 and a beta of 1.66. The firm’s 50-day moving average is $125.92 and its two-hundred day moving average is $141.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMD shares. Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the company from $180.00 to $155.00 in a report on Monday, December 9th. Susquehanna cut their price target on shares of Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Roth Mkm reiterated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $169.77.

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.