Probity Advisors Inc. Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Probity Advisors Inc. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,728 shares of the semiconductor manufacturer’s stock after acquiring an additional 126 shares during the period. Probity Advisors Inc.’s holdings in Advanced Micro Devices were worth $1,104,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cherrydale Wealth Management LLC increased its position in Advanced Micro Devices by 4.7% during the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after purchasing an additional 58 shares during the last quarter. Christopher J. Hasenberg Inc boosted its holdings in Advanced Micro Devices by 12.0% in the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock valued at $97,000 after acquiring an additional 60 shares during the last quarter. Prentice Wealth Management LLC boosted its holdings in Advanced Micro Devices by 1.6% in the first 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 during the last quarter. Revolve Wealth Partners LLC grew its position in Advanced Micro Devices by 0.9% during the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after acquiring an additional 63 shares during the period. Finally, Delta Financial Group Inc. raised its holdings 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 period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Susquehanna reissued a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Morgan Stanley increased their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird reduced their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $160.65 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $153.03 and a two-hundred day moving average of $157.14. The company has a market cap of $259.66 billion, a P/E ratio of 229.60, a PEG ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30.

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

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.