Lathrop Investment Management Corp Cuts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lathrop Investment Management Corp decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,146 shares of the semiconductor manufacturer’s stock after selling 220 shares during the quarter. Lathrop Investment Management Corp’s holdings in Advanced Micro Devices were worth $2,157,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMD. Eagle Asset Management Inc. raised its position in shares of Advanced Micro Devices by 39.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 21,810 shares of the semiconductor manufacturer’s stock worth $3,579,000 after purchasing an additional 6,216 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Advanced Micro Devices by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock worth $1,584,515,000 after buying an additional 177,700 shares during the last quarter. Banco Santander S.A. lifted its stake in shares of Advanced Micro Devices by 2.3% in the third quarter. Banco Santander S.A. now owns 88,514 shares of the semiconductor manufacturer’s stock worth $14,523,000 after buying an additional 1,988 shares in the last quarter. L & S Advisors Inc grew its holdings in shares of Advanced Micro Devices by 331.9% during the third quarter. L & S Advisors Inc now owns 55,055 shares of the semiconductor manufacturer’s stock valued at $9,033,000 after buying an additional 42,309 shares during the last quarter. Finally, Blackhawk Capital Partners LLC. increased its position in shares of Advanced Micro Devices by 139.8% during the third quarter. Blackhawk Capital Partners LLC. now owns 3,305 shares of the semiconductor manufacturer’s stock valued at $542,000 after acquiring an additional 1,927 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. TD Cowen cut their target price on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. UBS Group dropped their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI lifted their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, Bank of America reissued a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Stock Down 0.3 %

AMD opened at $137.21 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock has a market cap of $222.67 billion, a price-to-earnings ratio of 123.61, a price-to-earnings-growth ratio of 1.93 and a beta of 1.71. The firm’s fifty day moving average is $153.95 and its 200 day moving average is $154.70.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

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.