GAM Holding AG Invests $5.21 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GAM Holding AG purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 31,751 shares of the semiconductor manufacturer’s stock, valued at approximately $5,210,000.

Several other large investors have also modified their holdings of the stock. Tradewinds Capital Management LLC raised its stake in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares during the period. ZRC Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Morton Brown Family Wealth LLC increased its stake in shares of Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the period. Fairway Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $27,000. Finally, Semmax Financial Advisors Inc. increased its stake in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 139 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 2.4 %

Advanced Micro Devices stock opened at $154.09 on Wednesday. The company has a 50 day moving average price of $154.54 and a 200 day moving average price of $156.45. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The firm has a market capitalization of $249.06 billion, a price-to-earnings ratio of 226.60, a P/E/G ratio of 2.33 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup raised their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Morgan Stanley raised their price objective on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Edward Jones initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating on the stock. Wedbush reiterated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Piper Sandler raised their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

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.