Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by West Branch Capital LLC

West Branch Capital LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 69.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,565 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,463 shares during the period. West Branch Capital LLC’s holdings in Advanced Micro Devices were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AMD. Van ECK Associates Corp raised its stake 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 valued at $1,402,412,000 after purchasing an additional 2,979,204 shares during the period. Vanguard Group Inc. raised 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 purchasing 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 $296,178,000. Swedbank AB acquired a new stake in Advanced Micro Devices during the 1st quarter valued at $290,842,000. Finally, Assenagon Asset Management S.A. raised its stake in Advanced Micro Devices by 29.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,923,710 shares of the semiconductor manufacturer’s stock valued at $960,885,000 after purchasing an additional 1,331,165 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock traded down $0.28 during trading on Friday, reaching $155.97. 23,822,985 shares of the stock were exchanged, compared to its average volume of 57,453,762. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a market capitalization of $252.10 billion, a P/E ratio of 229.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The stock has a 50 day simple moving average of $153.86 and a 200-day simple moving average of $156.79. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

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

Analysts Set New Price Targets

AMD has been the topic of several recent analyst reports. Morgan Stanley boosted their target price 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. Truist Financial dropped their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Piper Sandler upped their price target on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Bank of America reaffirmed a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.