World Equity Group Inc. Has $869,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

World Equity Group Inc. grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 184.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,299 shares of the semiconductor manufacturer’s stock after buying an additional 3,433 shares during the period. World Equity Group Inc.’s holdings in Advanced Micro Devices were worth $869,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Counselors Inc. grew its stake in Advanced Micro Devices by 2.3% during the first quarter. Financial Counselors Inc. now owns 7,018 shares of the semiconductor manufacturer’s stock worth $1,267,000 after purchasing an additional 155 shares during the period. Smith Salley Wealth Management increased its stake in Advanced Micro Devices by 62.4% in the first quarter. Smith Salley Wealth Management now owns 2,217 shares of the semiconductor manufacturer’s stock valued at $400,000 after purchasing an additional 852 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Advanced Micro Devices by 2.7% during the first quarter. Proficio Capital Partners LLC now owns 4,826 shares of the semiconductor manufacturer’s stock valued at $871,000 after purchasing an additional 129 shares during the period. RiverPark Advisors LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter worth about $60,000. Finally, Pictet North America Advisors SA raised its stake in Advanced Micro Devices by 15.9% during the 1st quarter. Pictet North America Advisors SA now owns 24,180 shares of the semiconductor manufacturer’s stock worth $4,364,000 after buying an additional 3,319 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMD shares. Roth Mkm reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Wedbush restated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Citigroup dropped their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. 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. Finally, Robert W. Baird cut their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Trading Down 0.5 %

AMD traded down $0.67 during trading on Monday, hitting $141.19. 5,662,915 shares of the stock were exchanged, compared to its average volume of 56,478,250. The firm has a 50 day simple moving average of $154.75 and a 200 day simple moving average of $155.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.50. The firm has a market cap of $229.12 billion, a price-to-earnings ratio of 127.80, a P/E/G ratio of 1.98 and a beta of 1.71. Advanced Micro Devices, Inc. has a 1 year low of $110.22 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.55 EPS for the current year.

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.