Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Raised by Private Wealth Partners LLC

Private Wealth Partners LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,580 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,198 shares during the quarter. Advanced Micro Devices comprises 1.5% of Private Wealth Partners LLC’s portfolio, making the stock its 21st largest holding. Private Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $19,128,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Lincoln National Corp grew its stake in shares of Advanced Micro Devices by 30.3% in the 1st quarter. Lincoln National Corp now owns 26,743 shares of the semiconductor manufacturer’s stock worth $4,827,000 after purchasing an additional 6,226 shares during the last quarter. Quent Capital LLC raised its position in shares of Advanced Micro Devices by 3.4% during the first quarter. Quent Capital LLC now owns 8,300 shares of the semiconductor manufacturer’s stock worth $1,498,000 after purchasing an additional 271 shares during the period. FORA Capital LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at $15,028,000. Financial Counselors Inc. boosted its position in shares of Advanced Micro Devices by 2.3% in the 1st quarter. Financial Counselors Inc. now owns 7,018 shares of the semiconductor manufacturer’s stock valued at $1,267,000 after purchasing an additional 155 shares during the period. Finally, Whittier Trust Co. increased its stake in Advanced Micro Devices by 5.9% in the 1st quarter. Whittier Trust Co. now owns 145,653 shares of the semiconductor manufacturer’s stock worth $26,288,000 after purchasing an additional 8,171 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $141.86 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $105.91 and a 12 month high of $227.30. The company has a market capitalization of $229.60 billion, a P/E ratio of 127.80, a P/E/G ratio of 2.03 and a beta of 1.70. The stock has a 50 day moving average of $154.75 and a two-hundred day moving average of $155.76. The company has a current ratio of 2.50, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Citigroup decreased their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday. KeyCorp cut their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. One equities research 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. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.79.

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.