Investment Partners Asset Management Inc. Invests $479,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Investment Partners Asset Management Inc. bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,919 shares of the semiconductor manufacturer’s stock, valued at approximately $479,000.

Other institutional investors have also recently made changes to their positions in the company. Welch Group LLC increased its stake in shares of Advanced Micro Devices by 9.6% during the 3rd quarter. Welch Group LLC now owns 47,485 shares of the semiconductor manufacturer’s stock worth $7,791,000 after purchasing an additional 4,148 shares during the last quarter. Inscription Capital LLC grew its holdings in shares of Advanced Micro Devices by 8.9% during the third quarter. Inscription Capital LLC now owns 1,687 shares of the semiconductor manufacturer’s stock worth $277,000 after purchasing an additional 138 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Advanced Micro Devices by 4.2% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,888 shares of the semiconductor manufacturer’s stock valued at $2,771,000 after acquiring an additional 679 shares during the last quarter. Tower View Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 51.6% during the third quarter. Tower View Wealth Management LLC now owns 14,295 shares of the semiconductor manufacturer’s stock worth $2,346,000 after acquiring an additional 4,867 shares in the last quarter. Finally, Gemmer Asset Management LLC boosted its holdings in Advanced Micro Devices by 26.4% during the 3rd quarter. Gemmer Asset Management LLC now owns 2,868 shares of the semiconductor manufacturer’s stock valued at $471,000 after acquiring an additional 599 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded up $2.93 during mid-day trading on Monday, reaching $159.16. 12,884,450 shares of the company traded hands, compared to its average volume of 56,529,168. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The stock has a fifty day simple moving average of $155.06 and a 200-day simple moving average of $156.13. Advanced Micro Devices, Inc. has a fifty-two week low of $94.07 and a fifty-two week high of $227.30. The firm has a market cap of $257.25 billion, a PE ratio of 234.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company earned $0.40 earnings per share. Advanced Micro Devices’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMD shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Piper Sandler upped their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $195.00.

About Advanced Micro Devices

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.