Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Increased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,980 shares of the semiconductor manufacturer’s stock after buying an additional 948 shares during the period. Aaron Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $1,802,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV boosted its stake in Advanced Micro Devices by 8.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 4,017 shares of the semiconductor manufacturer’s stock worth $725,000 after purchasing an additional 319 shares during the period. Perpetual Ltd boosted its stake in Advanced Micro Devices by 70.2% in the 1st quarter. Perpetual Ltd now owns 9,651 shares of the semiconductor manufacturer’s stock worth $1,742,000 after purchasing an additional 3,982 shares during the period. Apella Capital LLC boosted its stake in Advanced Micro Devices by 28.9% in the 1st quarter. Apella Capital LLC now owns 4,143 shares of the semiconductor manufacturer’s stock worth $708,000 after purchasing an additional 929 shares during the period. Park Avenue Securities LLC boosted its stake in Advanced Micro Devices by 12.0% in the 1st quarter. Park Avenue Securities LLC now owns 51,986 shares of the semiconductor manufacturer’s stock worth $9,383,000 after purchasing an additional 5,552 shares during the period. Finally, Inscription Capital LLC acquired a new position in Advanced Micro Devices in the 1st quarter worth approximately $251,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

AMD traded up $0.60 during trading on Friday, hitting $156.85. The stock had a trading volume of 7,192,266 shares, compared to its average volume of 57,371,719. The firm has a market cap of $253.52 billion, a PE ratio of 230.66, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The company has a 50 day simple moving average of $153.43 and a 200-day simple moving average of $157.13.

Advanced Micro Devices (NASDAQ:AMD) last announced 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 firm had revenue of $5.84 billion for 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%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. Analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMD shares. Barclays decreased their price objective on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Piper Sandler increased their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, Truist Financial cut their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target 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.