Lazard Asset Management LLC Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lazard Asset Management LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 70.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,609,705 shares of the semiconductor manufacturer's stock after acquiring an additional 1,490,697 shares during the quarter. Lazard Asset Management LLC owned about 0.22% of Advanced Micro Devices worth $436,014,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Segment Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 0.5% during the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock valued at $1,937,000 after acquiring an additional 87 shares during the period. Breakwater Capital Group increased its holdings in shares of Advanced Micro Devices by 5.2% during the 4th quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer's stock valued at $213,000 after acquiring an additional 88 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in shares of Advanced Micro Devices by 1.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after buying an additional 91 shares during the period. TFG Advisers LLC boosted its stake in Advanced Micro Devices by 2.0% during the 4th quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock valued at $573,000 after purchasing an additional 92 shares during the period. Finally, BSW Wealth Partners boosted its holdings in Advanced Micro Devices by 1.1% in the 4th quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock valued at $1,068,000 after purchasing an additional 94 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $102.84 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm's 50-day simple moving average is $97.41 and its 200-day simple moving average is $116.14. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The firm has a market cap of $166.22 billion, a PE ratio of 103.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter last year, the business posted $0.62 EPS. Advanced Micro Devices's revenue was up 35.9% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMD shares. Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their target price for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Loop Capital reduced their target price on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a research report on Thursday. Jefferies Financial Group cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their target price for the stock from $135.00 to $120.00 in a research note on Thursday, March 27th. Finally, Wolfe Research cut shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.13.

Advanced Micro Devices Company 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.

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