Fulton Breakefield Broenniman LLC Sells 744 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fulton Breakefield Broenniman LLC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,958 shares of the semiconductor manufacturer’s stock after selling 744 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Advanced Micro Devices were worth $10,822,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AMD. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Advanced Micro Devices by 59.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after purchasing an additional 116,020 shares in the last quarter. Chapin Davis Inc. raised its position in shares of Advanced Micro Devices by 613.4% during the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock valued at $2,213,000 after buying an additional 10,544 shares during the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Advanced Micro Devices by 15.7% in the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock worth $25,524,000 after buying an additional 21,132 shares in the last quarter. St. Louis Financial Planners Asset Management LLC purchased a new position in shares of Advanced Micro Devices in the third quarter worth $2,394,000. Finally, Sycomore Asset Management boosted its position in shares of Advanced Micro Devices by 28.6% during the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after acquiring an additional 30,677 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $156.13 on Thursday. The company has a market capitalization of $252.36 billion, a P/E ratio of 229.60, a P/E/G ratio of 2.33 and a beta of 1.70. The company’s 50-day simple moving average is $153.03 and its two-hundred day simple moving average is $157.14. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one 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.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. Advanced Micro Devices’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

AMD has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Robert W. Baird decreased 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. Bank of America reissued a “buy” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Finally, KeyCorp lowered their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.