Strategic Investment Solutions Inc. IL Has $115,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Strategic Investment Solutions Inc. IL trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 74.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 698 shares of the semiconductor manufacturer’s stock after selling 2,076 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Advanced Micro Devices were worth $115,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Hudock Inc. boosted its stake in shares of Advanced Micro Devices by 3.9% during the 3rd quarter. Hudock Inc. now owns 3,253 shares of the semiconductor manufacturer’s stock worth $534,000 after buying an additional 122 shares during the last quarter. Cullinan Associates Inc. lifted its stake in Advanced Micro Devices by 6.6% in the 3rd quarter. Cullinan Associates Inc. now owns 4,819 shares of the semiconductor manufacturer’s stock valued at $758,000 after purchasing an additional 300 shares during the last quarter. Blackston Financial Advisory Group LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at about $296,000. Ballentine Partners LLC lifted its stake in Advanced Micro Devices by 12.4% in the 3rd quarter. Ballentine Partners LLC now owns 33,604 shares of the semiconductor manufacturer’s stock valued at $5,514,000 after purchasing an additional 3,719 shares during the last quarter. Finally, Heritage Oak Wealth Advisors LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at about $647,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $4.79 during mid-day trading on Friday, reaching $158.23. The company had a trading volume of 9,399,912 shares, compared to its average volume of 56,641,660. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The company has a market cap of $255.75 billion, a P/E ratio of 225.65, a P/E/G ratio of 2.33 and a beta of 1.70. The business has a fifty day simple moving average of $154.79 and a 200 day simple moving average of $156.43.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays cut their target price on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, KeyCorp lowered their price target 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 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.