Hennion & Walsh Asset Management Inc. Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hennion & Walsh Asset Management Inc. lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 34.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,393 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,142 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Advanced Micro Devices were worth $1,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in shares of Advanced Micro Devices by 17,137.3% in the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock valued at $1,289,818,000 after purchasing an additional 7,815,305 shares during the period. Van ECK Associates Corp raised its position in Advanced Micro Devices by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after buying an additional 2,979,204 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 valued at $26,133,989,000 after acquiring an additional 2,349,288 shares during the period. Renaissance Technologies LLC acquired a new stake in Advanced Micro Devices during the 2nd quarter valued at approximately $296,178,000. Finally, Swedbank AB purchased a new stake in shares of Advanced Micro Devices in the 1st quarter valued at $290,842,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMD. Citigroup boosted their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Piper Sandler boosted their price objective on Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Wells Fargo & Company lifted their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Robert W. Baird lowered their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $156.23 on Friday. The company has a fifty day simple moving average of $155.06 and a 200-day simple moving average of $156.31. The firm has a market capitalization of $252.52 billion, a price-to-earnings ratio of 229.75, a PEG ratio of 2.33 and a beta of 1.70. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. 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 released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

About Advanced Micro Devices

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.