Lewis Asset Management LLC Purchases 452 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

by · The Cerbat Gem

Lewis Asset Management LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 6.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,961 shares of the semiconductor manufacturer’s stock after purchasing an additional 452 shares during the period. Advanced Micro Devices comprises about 0.8% of Lewis Asset Management LLC’s portfolio, making the stock its 24th largest holding. Lewis Asset Management LLC’s holdings in Advanced Micro Devices were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Sittner & Nelson LLC grew its stake in Advanced Micro Devices by 13.8% in the 3rd quarter. Sittner & Nelson LLC now owns 1,811 shares of the semiconductor manufacturer’s stock valued at $297,000 after purchasing an additional 220 shares during the period. Valliance Asset Management Ltd purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $4,922,000. TFB Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 3.5% in the 3rd quarter. TFB Advisors LLC now owns 5,928 shares of the semiconductor manufacturer’s stock worth $973,000 after buying an additional 198 shares during the last quarter. Dudley Capital Management LLC increased its holdings in Advanced Micro Devices by 27.9% during the third quarter. Dudley Capital Management LLC now owns 1,948 shares of the semiconductor manufacturer’s stock worth $320,000 after buying an additional 425 shares during the last quarter. Finally, ARK Investment Management LLC raised its position in Advanced Micro Devices by 231.6% in the third quarter. ARK Investment Management LLC now owns 785,313 shares of the semiconductor manufacturer’s stock worth $128,854,000 after acquiring an additional 548,515 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Up 3.3 %

AMD opened at $149.82 on Friday. The business’s fifty day simple moving average is $154.36 and its 200 day simple moving average is $155.56. Advanced Micro Devices, Inc. has a 52 week low of $112.88 and a 52 week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The stock has a market cap of $243.13 billion, a PE ratio of 134.97, a P/E/G ratio of 1.94 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMD has been the subject of a number of research reports. Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Robert W. Baird reduced their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $192.79.

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About Advanced Micro Devices

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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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