Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Lazari Capital Management Inc.

Lazari Capital Management Inc. raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 25,075 shares of the semiconductor manufacturer’s stock after buying an additional 4,539 shares during the quarter. Advanced Micro Devices makes up approximately 1.1% of Lazari Capital Management Inc.’s portfolio, making the stock its 17th biggest holding. Lazari Capital Management Inc.’s holdings in Advanced Micro Devices were worth $2,576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMD. KLP Kapitalforvaltning AS acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $65,897,000. Vanguard Group Inc. grew its position in shares of Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock valued at $660,475,000 after purchasing an additional 4,461,609 shares during the last quarter. Nicolet Bankshares Inc. increased its stake in shares of Advanced Micro Devices by 56.4% during the 4th quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer’s stock worth $426,000 after purchasing an additional 1,271 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Advanced Micro Devices by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock worth $2,909,350,000 after purchasing an additional 290,784 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMD shares. Wells Fargo & Company lowered their target price on Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the company from $110.00 to $175.00 in a research note on Monday. Wall Street Zen upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. Finally, Robert W. Baird reduced their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Thirteen analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.19.

Advanced Micro Devices Price Performance

AMD opened at $129.58 on Tuesday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a 50 day moving average of $108.84 and a two-hundred day moving average of $110.59. The company has a market cap of $210.10 billion, a P/E ratio of 95.28, a P/E/G ratio of 1.66 and a beta of 1.99. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The firm had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the prior year, the company earned $0.62 EPS. The firm’s revenue was up 35.9% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a share buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.