Stratos Wealth Advisors LLC Cuts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stratos Wealth Advisors LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,339 shares of the semiconductor manufacturer’s stock after selling 158 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $1,532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter worth $124,000. CHICAGO TRUST Co NA raised its position in Advanced Micro Devices by 7.4% in the 1st quarter. CHICAGO TRUST Co NA now owns 1,471 shares of the semiconductor manufacturer’s stock valued at $266,000 after purchasing an additional 101 shares in the last quarter. Ignite Planners LLC boosted its stake in shares of Advanced Micro Devices by 22.4% in the 1st quarter. Ignite Planners LLC now owns 2,912 shares of the semiconductor manufacturer’s stock valued at $534,000 after buying an additional 533 shares during the period. Strategic Planning Group LLC grew its position in shares of Advanced Micro Devices by 2.5% during the first quarter. Strategic Planning Group LLC now owns 17,477 shares of the semiconductor manufacturer’s stock worth $3,155,000 after buying an additional 425 shares in the last quarter. Finally, Wealth Management Partners LLC grew its position in shares of Advanced Micro Devices by 10.5% during the first quarter. Wealth Management Partners LLC now owns 7,482 shares of the semiconductor manufacturer’s stock worth $1,350,000 after buying an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $155.97 on Monday. The stock has a fifty day moving average price of $153.86 and a 200 day moving average price of $156.62. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. 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 company has a market cap of $252.10 billion, a PE ratio of 229.37, a P/E/G ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $0.40 EPS. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMD shares. Truist Financial decreased their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Piper Sandler increased their target price on Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Morgan Stanley lifted their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company increased 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 research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.00.

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.