Bartlett & CO. Wealth Management LLC Reduces Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bartlett & CO. Wealth Management LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,367 shares of the semiconductor manufacturer’s stock after selling 539 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Advanced Micro Devices were worth $2,029,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Cherrydale Wealth Management LLC boosted its stake in Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after purchasing an additional 58 shares in the last quarter. Christopher J. Hasenberg Inc boosted its holdings in shares of Advanced Micro Devices by 12.0% during the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after purchasing an additional 60 shares during the period. Prentice Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after acquiring an additional 62 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after purchasing an additional 63 shares during the last quarter. Finally, Delta Financial Group Inc. increased its holdings in Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after buying an additional 63 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.2 %

Shares of NASDAQ AMD opened at $155.97 on Friday. The firm has a market capitalization of $252.10 billion, a price-to-earnings ratio of 229.37, a PEG ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The business has a 50-day moving average of $153.86 and a 200-day moving average of $156.79. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the subject of a number of analyst reports. Edward Jones assumed coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating for the company. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Susquehanna reiterated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Piper Sandler lifted their price objective on Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, KeyCorp lowered 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 report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $195.00.

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.