Quattro Financial Advisors LLC Sells 9,833 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Quattro Financial Advisors LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 98.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 167 shares of the semiconductor manufacturer’s stock after selling 9,833 shares during the quarter. Advanced Micro Devices accounts for about 0.0% of Quattro Financial Advisors LLC’s holdings, making the stock its 19th largest position. Quattro Financial Advisors LLC’s holdings in Advanced Micro Devices were worth $27,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Advanced Micro Devices by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after acquiring an additional 116,020 shares during the period. Chapin Davis Inc. boosted its position in shares of Advanced Micro Devices by 613.4% in the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock worth $2,213,000 after purchasing an additional 10,544 shares during the period. Wesbanco Bank Inc. increased its stake in shares of Advanced Micro Devices by 15.7% in the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock worth $25,524,000 after purchasing an additional 21,132 shares in the last quarter. St. Louis Financial Planners Asset Management LLC bought a new position in Advanced Micro Devices in the 3rd quarter worth $2,394,000. Finally, Sycomore Asset Management lifted its holdings in shares of Advanced Micro Devices by 28.6% in the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after buying an additional 30,677 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AMD. Morgan Stanley increased 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 report on Wednesday, July 31st. KeyCorp reduced their price target on shares of 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 issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Wells Fargo & Company raised 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. Finally, Robert W. Baird dropped their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Stock Up 0.1 %

Advanced Micro Devices stock opened at $156.25 on Friday. The business’s 50-day moving average price is $153.43 and its 200 day moving average price is $157.13. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The firm has a market cap of $252.55 billion, a price-to-earnings ratio of 229.78, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. 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 issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the company earned $0.40 EPS. The business’s revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Advanced Micro Devices 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.