Laffer Tengler Investments Inc. Purchases 9,920 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Laffer Tengler Investments Inc. raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3,139.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,236 shares of the semiconductor manufacturer's stock after acquiring an additional 9,920 shares during the quarter. Laffer Tengler Investments Inc.'s holdings in Advanced Micro Devices were worth $1,680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of Advanced Micro Devices by 17,137.3% in the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock valued at $1,289,818,000 after buying an additional 7,815,305 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of 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 buying an additional 2,979,204 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Advanced Micro Devices by 42.2% in 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 buying an additional 2,497,056 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer's stock valued at $26,133,989,000 after buying an additional 2,349,288 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at approximately $296,178,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup lowered their price target on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Barclays lowered their price target on Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Susquehanna restated a "positive" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Benchmark restated a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st. Finally, UBS Group reduced their target price on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $192.79.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $0.60 during mid-day trading on Monday, reaching $147.35. The company's stock had a trading volume of 29,808,092 shares, compared to its average volume of 37,325,324. Advanced Micro Devices, Inc. has a 1-year low of $116.00 and a 1-year high of $227.30. The company has a market cap of $239.12 billion, a P/E ratio of 132.75, a PEG ratio of 2.05 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The firm's 50-day moving average is $154.44 and its two-hundred day moving average is $155.57.

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. The business had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the 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 owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm'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 owns 293,347 shares of the company's stock, valued at $41,558,469.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices 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.