LPL Financial LLC Buys 186,955 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

LPL Financial LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,681,325 shares of the semiconductor manufacturer's stock after purchasing an additional 186,955 shares during the period. LPL Financial LLC owned 0.10% of Advanced Micro Devices worth $275,872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMD. Tradewinds LLC. grew its holdings in shares of Advanced Micro Devices by 6.7% during the third quarter. Tradewinds LLC. now owns 14,320 shares of the semiconductor manufacturer's stock valued at $2,350,000 after buying an additional 900 shares during the last quarter. Cypress Capital Group bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $1,703,000. Landscape Capital Management L.L.C. bought a new stake in Advanced Micro Devices in the 3rd quarter valued at $1,942,000. King Luther Capital Management Corp increased its holdings in Advanced Micro Devices by 7.7% in the 3rd quarter. King Luther Capital Management Corp now owns 54,994 shares of the semiconductor manufacturer's stock valued at $9,023,000 after acquiring an additional 3,919 shares during the last quarter. Finally, Cornerstone Advisors LLC grew its stake in shares of Advanced Micro Devices by 11.7% in the 3rd quarter. Cornerstone Advisors LLC now owns 70,400 shares of the semiconductor manufacturer's stock worth $11,551,000 after buying an additional 7,400 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Roth Mkm restated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. UBS Group lowered their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Wedbush restated an "outperform" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Citigroup reduced their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Finally, Benchmark restated a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $192.79.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company's stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $0.86 on Friday, reaching $138.35. The company's stock had a trading volume of 21,743,273 shares, compared to its average volume of 55,010,801. 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 company has a market cap of $224.52 billion, a price-to-earnings ratio of 124.64, a PEG ratio of 1.93 and a beta of 1.71. The business's fifty day moving average price is $153.67 and its 200 day moving average price is $154.58. Advanced Micro Devices, Inc. has a twelve month low of $116.37 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices's quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

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.