Great Lakes Advisors LLC Has $1.24 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Great Lakes Advisors LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,283 shares of the semiconductor manufacturer’s stock after selling 7,157 shares during the period. Great Lakes Advisors LLC’s holdings in Advanced Micro Devices were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC boosted its holdings in Advanced Micro Devices by 4.7% during the fourth quarter. Truvestments Capital LLC now owns 3,510 shares of the semiconductor manufacturer’s stock worth $424,000 after buying an additional 159 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Advanced Micro Devices by 7.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 61,529 shares of the semiconductor manufacturer’s stock worth $7,432,000 after buying an additional 4,313 shares during the last quarter. Summit X LLC boosted its holdings in Advanced Micro Devices by 9.0% during the fourth quarter. Summit X LLC now owns 6,259 shares of the semiconductor manufacturer’s stock worth $756,000 after buying an additional 516 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Advanced Micro Devices by 11.6% during the fourth quarter. Moors & Cabot Inc. now owns 23,446 shares of the semiconductor manufacturer’s stock worth $2,832,000 after buying an additional 2,428 shares during the last quarter. Finally, Lane Generational LLC bought a new position in Advanced Micro Devices during the fourth quarter worth about $2,695,000. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AMD shares. Argus set a $160.00 target price on Advanced Micro Devices in a report on Thursday, February 6th. Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Loop Capital assumed coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Finally, Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.14.

Advanced Micro Devices Stock Up 2.9 %

AMD stock opened at $100.97 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $163.62 billion, a PE ratio of 101.99, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $193.50. The business’s 50 day simple moving average is $112.05 and its 200 day simple moving average is $133.23.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting 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, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by corporate 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.