Lewis Asset Management LLC Purchases 117 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lewis Asset Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,078 shares of the semiconductor manufacturer’s stock after buying an additional 117 shares during the quarter. Lewis Asset Management LLC’s holdings in Advanced Micro Devices were worth $855,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMD. Advisory Alpha LLC grew its position in Advanced Micro Devices by 7.5% in the 2nd quarter. Advisory Alpha LLC now owns 4,674 shares of the semiconductor manufacturer’s stock worth $758,000 after purchasing an additional 326 shares during the period. SPC Financial Inc. bought a new stake in shares of Advanced Micro Devices in the second quarter worth $474,000. New Century Financial Group LLC purchased a new stake in Advanced Micro Devices during the second quarter valued at $246,000. Strategic Investment Solutions Inc. IL bought a new position in Advanced Micro Devices in the second quarter valued at about $450,000. Finally, Gordian Capital Singapore Pte Ltd boosted its position in Advanced Micro Devices by 74.0% in the second quarter. Gordian Capital Singapore Pte Ltd now owns 119,293 shares of the semiconductor manufacturer’s stock worth $19,351,000 after purchasing an additional 50,730 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Up 2.8 %

AMD opened at $117.35 on Thursday. The stock has a 50-day moving average of $127.14 and a 200 day moving average of $142.27. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $112.80 and a 12 month high of $227.30. The firm has a market cap of $190.44 billion, a P/E ratio of 105.72, a P/E/G ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. HSBC reaffirmed a “reduce” rating and set a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. UBS Group cut their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Citigroup cut their price target on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.86.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’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 transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value 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. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 over the last three months. 0.65% of the stock is owned by insiders.

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.