China Universal Asset Management Co. Ltd. Has $4.52 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

China Universal Asset Management Co. Ltd. trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,537 shares of the semiconductor manufacturer’s stock after selling 10,883 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Advanced Micro Devices were worth $4,518,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Boston Financial Mangement LLC increased its position in Advanced Micro Devices by 1.4% during the 3rd quarter. Boston Financial Mangement LLC now owns 5,654 shares of the semiconductor manufacturer’s stock worth $928,000 after buying an additional 80 shares during the period. Traynor Capital Management Inc. increased its stake in Advanced Micro Devices by 6.7% during the 3rd quarter. Traynor Capital Management Inc. now owns 56,238 shares of the semiconductor manufacturer’s stock worth $9,227,000 after acquiring an additional 3,554 shares during the period. abrdn plc raised its holdings in Advanced Micro Devices by 12.1% in the 3rd quarter. abrdn plc now owns 1,383,471 shares of the semiconductor manufacturer’s stock valued at $226,550,000 after acquiring an additional 149,254 shares in the last quarter. SFE Investment Counsel lifted its position in shares of Advanced Micro Devices by 10.5% during the 3rd quarter. SFE Investment Counsel now owns 19,026 shares of the semiconductor manufacturer’s stock valued at $3,122,000 after acquiring an additional 1,806 shares during the period. Finally, Smith Group Asset Management LLC grew its holdings in shares of Advanced Micro Devices by 14.2% during the 3rd quarter. Smith Group Asset Management LLC now owns 3,373 shares of the semiconductor manufacturer’s stock worth $553,000 after purchasing an additional 420 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent analyst reports. Edward Jones began coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. Susquehanna reissued a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Barclays lowered their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Advanced Micro Devices Trading Up 2.4 %

Shares of Advanced Micro Devices stock opened at $159.92 on Tuesday. The firm has a market cap of $258.48 billion, a PE ratio of 235.18, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 1 year low of $94.07 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The stock has a fifty day moving average price of $155.15 and a 200-day moving average price of $156.06.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate 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 business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current 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.