Landscape Capital Management L.L.C. Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Landscape Capital Management L.L.C. purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,836 shares of the semiconductor manufacturer's stock, valued at approximately $1,942,000.

Several other institutional investors have also recently bought and sold shares of AMD. Creative Capital Management Investments LLC boosted its stake in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 86 shares during the period. ZRC Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 75 shares during the period. Morton Brown Family Wealth LLC lifted its stake in shares of Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after acquiring an additional 85 shares during the last quarter. Fairway Wealth LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter valued at about $27,000. Finally, Semmax Financial Advisors Inc. increased its stake in Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMD shares. Citigroup decreased their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. BNP Paribas upgraded Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, July 31st. Wedbush reissued an "outperform" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Truist Financial lowered their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating for the company in a report on Wednesday, July 31st. Finally, Edward Jones began coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a "buy" rating on the stock. 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $192.79.

Advanced Micro Devices Trading Up 0.6 %

Shares of NASDAQ AMD traded up $0.86 during trading on Friday, hitting $138.35. 21,743,273 shares of the company traded hands, compared to its average volume of 55,010,801. The company has a 50-day moving average price of $153.67 and a 200-day moving average price of $154.58. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $116.37 and a 1 year high of $227.30. The firm has a market capitalization of $224.52 billion, a P/E ratio of 124.64, a P/E/G ratio of 1.93 and a beta of 1.71.

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

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction 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 sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company 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.