Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 134,367 shares of the semiconductor manufacturer’s stock after acquiring an additional 35,008 shares during the period. Private Advisor Group LLC’s holdings in Advanced Micro Devices were worth $22,047,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AMD. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after acquiring an additional 2,349,288 shares during the period. Legal & General Group Plc lifted its holdings in Advanced Micro Devices by 1.4% in the second quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock worth $2,159,039,000 after purchasing an additional 188,580 shares during the period. Van ECK Associates Corp grew its position in Advanced Micro Devices by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after buying an additional 2,979,204 shares in the last quarter. GQG Partners LLC increased its stake in Advanced Micro Devices by 5.0% during the 1st quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer’s stock valued at $1,451,945,000 after buying an additional 382,582 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Advanced Micro Devices by 10.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,495,184 shares of the semiconductor manufacturer’s stock worth $1,215,998,000 after buying an additional 707,705 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMD. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Monday, October 7th. 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. Wells Fargo & Company raised their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. 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, the stock has an average rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Trading Down 0.8 %

Shares of NASDAQ:AMD opened at $152.91 on Thursday. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. 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 firm has a market capitalization of $247.15 billion, a P/E ratio of 224.87, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The firm has a fifty day moving average of $154.79 and a two-hundred day 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 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal 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.