Cypress Wealth Services LLC Invests $210,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cypress Wealth Services LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, Holdings Channel reports. The firm bought 1,282 shares of the semiconductor manufacturer’s stock, valued at approximately $210,000.

Several other institutional investors have also recently bought and sold shares of AMD. Cherrydale Wealth Management LLC increased its stake in Advanced Micro Devices by 4.7% in the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after purchasing an additional 58 shares in the last quarter. Prentice Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 62 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after buying an additional 63 shares in the last quarter. Delta Financial Group Inc. raised its stake in Advanced Micro Devices by 5.0% during the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after buying an additional 63 shares during the period. Finally, Integrated Advisors Network LLC lifted its holdings in Advanced Micro Devices by 0.3% during the fourth quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock worth $2,793,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMD. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Morgan Stanley lifted their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Bank of America reiterated a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 3rd. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, KeyCorp reduced their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. One research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $193.45.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Down 4.0 %

Shares of Advanced Micro Devices stock opened at $164.18 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The firm has a 50-day moving average of $150.00 and a 200-day moving average of $157.75. The stock has a market cap of $265.37 billion, a PE ratio of 241.44, a PEG ratio of 2.14 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS 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.