Lyell Wealth Management LP Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lyell Wealth Management LP grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% in the 4th quarter, HoldingsChannel reports. The firm owned 75,554 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,880 shares during the quarter. Advanced Micro Devices accounts for approximately 1.3% of Lyell Wealth Management LP’s investment portfolio, making the stock its 22nd biggest holding. Lyell Wealth Management LP’s holdings in Advanced Micro Devices were worth $11,137,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Gables Capital Management Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth about $29,000. Kathleen S. Wright Associates Inc. purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $30,000. Peoples Bank KS purchased a new position in Advanced Micro Devices in the 3rd quarter worth approximately $26,000. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices in the 3rd quarter worth approximately $27,000. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in Advanced Micro Devices by 36.2% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock worth $40,000 after purchasing an additional 72 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMD has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, January 30th. UBS Group boosted their target price on Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. DZ Bank reissued a “hold” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Finally, KeyCorp boosted their target price on Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $0.53 during mid-day trading on Wednesday, reaching $151.74. 43,358,590 shares of the stock traded hands, compared to its average volume of 73,559,477. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The business’s 50-day moving average is $178.25 and its 200-day moving average is $149.89. The stock has a market capitalization of $245.23 billion, a PE ratio of 291.81, a price-to-earnings-growth ratio of 2.26 and a beta of 1.64. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

About Advanced Micro Devices

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.