L & S Advisors Inc Has $9.03 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

L & S Advisors Inc lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 331.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,055 shares of the semiconductor manufacturer's stock after buying an additional 42,309 shares during the quarter. Advanced Micro Devices comprises about 0.9% of L & S Advisors Inc's holdings, making the stock its 29th biggest holding. L & S Advisors Inc's holdings in Advanced Micro Devices were worth $9,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of AMD. International Assets Investment Management LLC grew its position in Advanced Micro Devices by 17,137.3% during the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock worth $1,289,818,000 after purchasing an additional 7,815,305 shares during the last quarter. Van ECK Associates Corp increased its position in Advanced Micro Devices by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer's stock valued at $1,402,412,000 after acquiring an additional 2,979,204 shares during the period. Assenagon Asset Management S.A. raised its stake in Advanced Micro Devices by 42.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock valued at $1,381,679,000 after acquiring an additional 2,497,056 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Advanced Micro Devices during the 2nd quarter worth approximately $296,178,000. Finally, Swedbank AB acquired a new stake in Advanced Micro Devices during the 1st quarter worth approximately $290,842,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 0.3 %

Shares of AMD traded down $0.39 during midday trading on Thursday, reaching $137.21. 24,423,599 shares of the company were exchanged, compared to its average volume of 55,154,898. The stock has a 50-day moving average price of $153.95 and a 200-day moving average price of $154.70. The company has a market cap of $222.67 billion, a price-to-earnings ratio of 123.61, a P/E/G ratio of 1.93 and a beta of 1.71. Advanced Micro Devices, Inc. has a 1-year low of $116.37 and a 1-year high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company's revenue for the quarter was up 17.6% compared to the same quarter last year. Research analysts expect that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Benchmark restated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. UBS Group lowered their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. BNP Paribas raised Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird decreased their price target on Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $192.79.

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.