Mount Yale Investment Advisors LLC Has $1.11 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mount Yale Investment Advisors LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 30.0% during the third quarter, HoldingsChannel reports. The fund owned 6,773 shares of the semiconductor manufacturer’s stock after selling 2,898 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Spirit of America Management Corp NY raised its holdings in Advanced Micro Devices by 6.5% in the 3rd quarter. Spirit of America Management Corp NY now owns 7,350 shares of the semiconductor manufacturer’s stock valued at $1,206,000 after acquiring an additional 450 shares in the last quarter. Zweig DiMenna Associates LLC raised its stake in shares of Advanced Micro Devices by 1.8% in the third quarter. Zweig DiMenna Associates LLC now owns 118,799 shares of the semiconductor manufacturer’s stock valued at $19,493,000 after purchasing an additional 2,094 shares in the last quarter. DT Investment Partners LLC lifted its position in Advanced Micro Devices by 16.6% in the third quarter. DT Investment Partners LLC now owns 1,521 shares of the semiconductor manufacturer’s stock worth $250,000 after purchasing an additional 217 shares during the period. Global Trust Asset Management LLC boosted its stake in Advanced Micro Devices by 617.3% during the third quarter. Global Trust Asset Management LLC now owns 1,614 shares of the semiconductor manufacturer’s stock worth $265,000 after buying an additional 1,389 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Advanced Micro Devices by 42.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock valued at $1,381,679,000 after buying an additional 2,497,056 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. Susquehanna reaffirmed a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. KeyCorp lowered their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. 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, Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Advanced Micro Devices Trading Up 1.8 %

AMD opened at $156.23 on Friday. 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 market cap of $252.52 billion, a price-to-earnings ratio of 230.25, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The firm has a 50 day simple moving average of $154.91 and a 200 day simple moving average of $156.41.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly 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 return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share 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.