Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by United Advisor Group LLC

United Advisor Group LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 803.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 17,370 shares of the semiconductor manufacturer’s stock after buying an additional 15,447 shares during the quarter. United Advisor Group LLC’s holdings in Advanced Micro Devices were worth $2,850,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Semmax Financial Advisors Inc. lifted its stake in Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 139 shares in the last quarter. Creative Capital Management Investments LLC lifted its position in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares in the last quarter. ZRC Wealth Management LLC boosted its stake in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares during the last quarter. Fairway Wealth LLC purchased a new stake in Advanced Micro Devices in the 2nd quarter valued at $27,000. Finally, Morton Brown Family Wealth LLC increased its stake in shares of Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $140.71 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $110.22 and a 52-week high of $227.30. The stock has a 50 day moving average price of $154.57 and a 200 day moving average price of $155.67. The company has a market capitalization of $228.35 billion, a price-to-earnings ratio of 126.77, a price-to-earnings-growth ratio of 1.96 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting 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 firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the firm posted $0.53 EPS. The company’s revenue was up 17.6% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Analyst Ratings Changes

AMD has been the subject of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. KeyCorp cut their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Morgan Stanley decreased their price objective on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird reduced their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, Edward Jones initiated coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

About Advanced Micro Devices

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.