Private Wealth Partners LLC Has $19.13 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Private Wealth Partners LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 116,580 shares of the semiconductor manufacturer’s stock after buying an additional 6,198 shares during the period. Advanced Micro Devices makes up 1.5% of Private Wealth Partners LLC’s holdings, making the stock its 21st biggest holding. Private Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $19,128,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Lincoln National Corp lifted its position in shares of Advanced Micro Devices by 30.3% during the first quarter. Lincoln National Corp now owns 26,743 shares of the semiconductor manufacturer’s stock worth $4,827,000 after purchasing an additional 6,226 shares in the last quarter. Quent Capital LLC raised its position in Advanced Micro Devices by 3.4% in the 1st quarter. Quent Capital LLC now owns 8,300 shares of the semiconductor manufacturer’s stock worth $1,498,000 after purchasing an additional 271 shares during the last quarter. FORA Capital LLC bought a new position in Advanced Micro Devices in the 1st quarter worth approximately $15,028,000. Financial Counselors Inc. lifted its holdings in Advanced Micro Devices by 2.3% during the 1st quarter. Financial Counselors Inc. now owns 7,018 shares of the semiconductor manufacturer’s stock worth $1,267,000 after buying an additional 155 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in Advanced Micro Devices by 5.9% in the 1st quarter. Whittier Trust Co. now owns 145,653 shares of the semiconductor manufacturer’s stock valued at $26,288,000 after buying an additional 8,171 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $141.86 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $229.60 billion, a P/E ratio of 127.80, a P/E/G ratio of 2.03 and a beta of 1.70. Advanced Micro Devices, Inc. has a 12 month low of $105.91 and a 12 month high of $227.30. The stock has a 50 day moving average of $154.75 and a 200-day moving average of $155.76.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Edward Jones started coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating on the stock. TD Cowen dropped their price objective on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday. Evercore ISI raised their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday. Finally, Piper Sandler restated an “overweight” rating and issued a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Company 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.