Nepsis Inc. Buys 5,297 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nepsis Inc. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,673 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,297 shares during the period. Advanced Micro Devices comprises 6.2% of Nepsis Inc.’s investment portfolio, making the stock its 2nd biggest position. Nepsis Inc.’s holdings in Advanced Micro Devices were worth $26,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. West Branch Capital LLC raised its stake in Advanced Micro Devices by 69.6% in the 3rd quarter. West Branch Capital LLC now owns 3,565 shares of the semiconductor manufacturer’s stock valued at $585,000 after purchasing an additional 1,463 shares during the last quarter. OLD National Bancorp IN raised its position in shares of Advanced Micro Devices by 6.8% in the third quarter. OLD National Bancorp IN now owns 14,645 shares of the semiconductor manufacturer’s stock valued at $2,403,000 after buying an additional 934 shares during the last quarter. Bernardo Wealth Planning LLC purchased a new position in shares of Advanced Micro Devices in the third quarter worth about $213,000. Werba Rubin Papier Wealth Management boosted its position in Advanced Micro Devices by 14.9% during the third quarter. Werba Rubin Papier Wealth Management now owns 1,446 shares of the semiconductor manufacturer’s stock worth $237,000 after acquiring an additional 187 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its stake in Advanced Micro Devices by 1.4% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 139,112 shares of the semiconductor manufacturer’s stock valued at $22,825,000 after acquiring an additional 1,947 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.2 %

Shares of NASDAQ:AMD traded down $0.28 during trading hours on Friday, reaching $155.97. The stock had a trading volume of 23,822,985 shares, compared to its average volume of 57,453,762. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The firm’s 50 day moving average is $153.86 and its 200-day moving average is $156.79. The stock has a market capitalization of $252.10 billion, a price-to-earnings ratio of 229.37, a P/E/G ratio of 2.33 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. Advanced Micro Devices’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. Research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMD. Barclays lowered their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. KeyCorp cut their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Bank of America restated a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Finally, BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.00.

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.