Lido Advisors LLC Makes New $252,000 Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lido Advisors LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,899 shares of the semiconductor manufacturer’s stock, valued at approximately $252,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership boosted its holdings in Advanced Micro Devices by 66.9% in the first quarter. Artisan Partners Limited Partnership now owns 14,941,422 shares of the semiconductor manufacturer’s stock valued at $381,305,000 after acquiring an additional 5,991,132 shares during the last quarter. Norges Bank bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $252,424,000. Geode Capital Management LLC boosted its holdings in Advanced Micro Devices by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock valued at $240,885,000 after acquiring an additional 1,651,507 shares during the last quarter. Northern Trust Corp boosted its holdings in Advanced Micro Devices by 9.0% in the fourth quarter. Northern Trust Corp now owns 9,969,648 shares of the semiconductor manufacturer’s stock valued at $184,040,000 after acquiring an additional 823,765 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Advanced Micro Devices by 131.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,837,267 shares of the semiconductor manufacturer’s stock valued at $107,757,000 after acquiring an additional 3,311,157 shares during the last quarter. 60.73% of the stock is owned by institutional investors.

AMD traded up $1.06 during trading hours on Wednesday, hitting $29.92. The stock had a trading volume of 60,444,397 shares, compared to its average volume of 78,160,273. The firm’s fifty day simple moving average is $28.88. Advanced Micro Devices, Inc. has a 1 year low of $14.74 and a 1 year high of $34.30. The stock has a market capitalization of $31.65 billion, a PE ratio of 85.49, a PEG ratio of 1.79 and a beta of 3.19. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.08.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was down 22.8% on a year-over-year basis. Analysts predict that Advanced Micro Devices, Inc. will post 0.53 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the company. Wells Fargo & Co increased their price target on Advanced Micro Devices from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Zacks Investment Research cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Craig Hallum restated a “buy” rating and set a $33.00 price target (up from $27.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. MKM Partners increased their price target on Advanced Micro Devices to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Barclays increased their price target on Advanced Micro Devices from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $29.13.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $26.75, for a total value of $6,687,500.00. Following the completion of the transaction, the chief executive officer now owns 2,511,264 shares in the company, valued at approximately $67,176,312. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $28.39, for a total value of $170,340.00. Following the completion of the transaction, the senior vice president now directly owns 22,979 shares in the company, valued at $652,373.81. The disclosure for this sale can be found here. In the last three months, insiders sold 1,033,066 shares of company stock valued at $30,445,396. 1.50% of the stock is currently owned by insiders.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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