Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 32,077 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,395 shares during the period. Advanced Micro Devices makes up 1.4% of Wealth Advisory Solutions LLC’s investment portfolio, making the stock its 21st largest holding. Wealth Advisory Solutions LLC’s holdings in Advanced Micro Devices were worth $5,263,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Advanced Micro Devices by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after purchasing an additional 116,020 shares during the period. Chapin Davis Inc. lifted its stake in shares of Advanced Micro Devices by 613.4% in the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock valued at $2,213,000 after purchasing an additional 10,544 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Advanced Micro Devices by 15.7% in the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock valued at $25,524,000 after purchasing an additional 21,132 shares during the period. St. Louis Financial Planners Asset Management LLC acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at about $2,394,000. Finally, Sycomore Asset Management lifted its stake in shares of Advanced Micro Devices by 28.6% in the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock valued at $21,722,000 after purchasing an additional 30,677 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AMD shares. Piper Sandler raised their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Truist Financial dropped 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. Bank of America restated a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Susquehanna restated a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Advanced Micro Devices Trading Down 0.8 %

Advanced Micro Devices stock traded down $1.23 during trading on Monday, reaching $154.74. The company had a trading volume of 8,734,652 shares, compared to its average volume of 57,214,055. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The stock’s 50 day moving average price is $153.86 and its two-hundred day moving average price is $156.62. The firm has a market capitalization of $250.11 billion, a price-to-earnings ratio of 227.47, a PEG 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 released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. Advanced Micro Devices’s revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.