Lane Generational LLC Makes New $2.70 Million Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lane Generational LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,309 shares of the semiconductor manufacturer's stock, valued at approximately $2,695,000. Advanced Micro Devices accounts for about 2.6% of Lane Generational LLC's investment portfolio, making the stock its 15th biggest position.

Other large investors also recently modified their holdings of the company. Prosperity Financial Group Inc. grew its stake in shares of Advanced Micro Devices by 58.4% in the fourth quarter. Prosperity Financial Group Inc. now owns 8,348 shares of the semiconductor manufacturer's stock valued at $1,008,000 after acquiring an additional 3,077 shares in the last quarter. Cascade Financial Partners LLC grew its stake in shares of Advanced Micro Devices by 28.5% in the fourth quarter. Cascade Financial Partners LLC now owns 6,494 shares of the semiconductor manufacturer's stock valued at $784,000 after acquiring an additional 1,440 shares in the last quarter. Natural Investments LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $559,000. Avantax Planning Partners Inc. grew its stake in shares of Advanced Micro Devices by 24.2% in the fourth quarter. Avantax Planning Partners Inc. now owns 9,375 shares of the semiconductor manufacturer's stock valued at $1,132,000 after acquiring an additional 1,827 shares in the last quarter. Finally, Gables Capital Management Inc. grew its stake in shares of Advanced Micro Devices by 13.5% in the fourth quarter. Gables Capital Management Inc. now owns 3,530 shares of the semiconductor manufacturer's stock valued at $426,000 after acquiring an additional 420 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $96.76 on Wednesday. The firm has a 50 day moving average of $113.39 and a 200-day moving average of $134.17. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $202.85. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $156.80 billion, a price-to-earnings ratio of 97.74, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

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Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

AMD has been the topic of a number of analyst reports. Susquehanna reduced their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley set a $137.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Bank of America reduced their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Wedbush reiterated an "outperform" rating and set a $150.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $155.83.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by insiders.

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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