Advanced Micro Devices, Inc. (NASDAQ:AMD) Holdings Lifted by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,414 shares of the semiconductor manufacturer’s stock after buying an additional 141 shares during the period. Montz Harcus Wealth Management LLC’s holdings in Advanced Micro Devices were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Custom Index Systems LLC acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $559,000. Sterling Investment Advisors Ltd. grew its position in Advanced Micro Devices by 5.4% during the third quarter. Sterling Investment Advisors Ltd. now owns 5,289 shares of the semiconductor manufacturer’s stock valued at $868,000 after purchasing an additional 270 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in Advanced Micro Devices by 27.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 31,796 shares of the semiconductor manufacturer’s stock valued at $5,217,000 after buying an additional 6,944 shares during the period. SRN Advisors LLC lifted its position in Advanced Micro Devices by 4.8% in the 3rd quarter. SRN Advisors LLC now owns 7,648 shares of the semiconductor manufacturer’s stock worth $1,255,000 after buying an additional 353 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Advanced Micro Devices by 6.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 188,079 shares of the semiconductor manufacturer’s stock valued at $30,860,000 after buying an additional 12,160 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMD has been the subject of several recent research reports. Wedbush reiterated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Robert W. Baird reduced their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, KeyCorp dropped 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $2.79 during trading on Friday, reaching $156.23. 29,758,489 shares of the company traded hands, compared to its average volume of 56,739,516. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a market cap of $252.52 billion, a price-to-earnings ratio of 229.75, a P/E/G ratio of 2.33 and a beta of 1.70. The stock’s 50 day moving average price is $155.06 and its two-hundred day moving average price is $156.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion for 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 business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS 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.