LVW Advisors LLC Has $320,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

LVW Advisors LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,771 shares of the semiconductor manufacturer’s stock after purchasing an additional 298 shares during the period. LVW Advisors LLC’s holdings in Advanced Micro Devices were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Vanguard Group Inc. raised its holdings in shares of Advanced Micro Devices by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock valued at $20,997,873,000 after purchasing an additional 2,390,558 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Advanced Micro Devices by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after purchasing an additional 600,638 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Advanced Micro Devices by 10.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares during the period. Jennison Associates LLC raised its holdings in shares of Advanced Micro Devices by 5.9% in the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. Finally, Norges Bank bought a new position in Advanced Micro Devices in the 4th quarter valued at about $3,426,529,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $162.21 on Monday. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The firm has a market capitalization of $262.18 billion, a price-to-earnings ratio of 238.55, a PEG ratio of 1.87 and a beta of 1.69. The business has a 50-day simple moving average of $159.12 and a 200 day simple moving average of $165.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.65% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of several research analyst reports. Cantor Fitzgerald lowered their price target on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Mizuho lowered their price target on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their target price for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Susquehanna increased their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

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.