Silicon Valley Capital Partners Has $4.99 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Silicon Valley Capital Partners grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,386 shares of the semiconductor manufacturer’s stock after acquiring an additional 153 shares during the period. Silicon Valley Capital Partners’ holdings in Advanced Micro Devices were worth $4,986,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Cherrydale Wealth Management LLC grew its position in Advanced Micro Devices by 4.7% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after purchasing an additional 58 shares during the period. Christopher J. Hasenberg Inc boosted its stake in Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock valued at $97,000 after purchasing an additional 60 shares during the last quarter. Delta Financial Group Inc. raised its stake in shares of Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after purchasing an additional 63 shares during the last quarter. Trivant Custom Portfolio Group LLC lifted its holdings in shares of Advanced Micro Devices by 0.3% in the second quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock valued at $3,995,000 after purchasing an additional 65 shares in the last quarter. Finally, Wealth Effects LLC boosted its position in shares of Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock valued at $1,545,000 after buying an additional 65 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. KeyCorp dropped their price objective on 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. Edward Jones assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating for the company. Bank of America restated a “buy” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Citigroup decreased their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Robert W. Baird reduced their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $142.10 on Monday. The stock’s 50-day simple moving average is $154.75 and its two-hundred day simple moving average is $155.77. Advanced Micro Devices, Inc. has a twelve month low of $110.22 and a twelve month high of $227.30. The firm has a market capitalization of $230.60 billion, a P/E ratio of 127.80, a P/E/G ratio of 1.98 and a beta of 1.71. The company has a quick ratio of 2.01, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the business earned $0.53 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.55 EPS for the current fiscal 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.