Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Increased by GSB Wealth Management LLC

GSB Wealth Management LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,030 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,712 shares during the quarter. GSB Wealth Management LLC’s holdings in Advanced Micro Devices were worth $3,287,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Cherrydale Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 4.7% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after buying an additional 58 shares in the last quarter. Christopher J. Hasenberg Inc boosted its position in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock valued at $97,000 after purchasing an additional 60 shares in the last quarter. Delta Financial Group Inc. grew its stake in shares of Advanced Micro Devices by 5.0% in the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after purchasing an additional 63 shares during the last quarter. Trivant Custom Portfolio Group LLC raised its holdings in shares of Advanced Micro Devices by 0.3% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock worth $3,995,000 after purchasing an additional 65 shares in the last quarter. Finally, Wealth Effects LLC boosted its holdings in Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 4.0 %

Shares of NASDAQ:AMD opened at $166.25 on Wednesday. The company’s fifty day moving average is $155.35 and its 200-day moving average is $156.08. 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, Inc. has a 52 week low of $94.07 and a 52 week high of $227.30. The company has a market capitalization of $268.71 billion, a PE ratio of 244.49, a P/E/G ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMD shares. 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. Wells Fargo & Company boosted their price target 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. Susquehanna reiterated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Citigroup boosted their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 7th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $193.83.

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.