China Universal Asset Management Co. Ltd. Sells 10,883 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

China Universal Asset Management Co. Ltd. cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 27,537 shares of the semiconductor manufacturer’s stock after selling 10,883 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Advanced Micro Devices were worth $4,518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMD. Tradewinds Capital Management LLC lifted its stake in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Semmax Financial Advisors Inc. raised its position in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 shares in the last quarter. ZRC Wealth Management LLC boosted its stake in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 75 shares during the period. Fairway Wealth LLC purchased a new position in Advanced Micro Devices during the second quarter worth about $27,000. Finally, Morton Brown Family Wealth LLC increased its stake in Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $159.92 on Tuesday. The company has a market capitalization of $258.48 billion, a PE ratio of 235.18, a PEG ratio of 2.33 and a beta of 1.70. The business has a fifty day moving average price of $155.15 and a 200-day moving average price of $156.06. Advanced Micro Devices, Inc. has a 1-year low of $94.07 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results 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. 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 revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMD shares. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 7th. Bank of America restated a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Morgan Stanley lifted their price objective on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Truist Financial reduced their target price on 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. Finally, KeyCorp cut their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. One equities research 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.