Sound Income Strategies LLC Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sound Income Strategies LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 76.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,582 shares of the semiconductor manufacturer’s stock after buying an additional 683 shares during the quarter. Sound Income Strategies LLC’s holdings in Advanced Micro Devices were worth $260,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC boosted its position in Advanced Micro Devices by 102.9% during the first 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. lifted 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 valued at $28,000 after acquiring an additional 139 shares in the last quarter. ZRC Wealth Management LLC increased its position in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Fairway Wealth LLC acquired a new stake in Advanced Micro Devices during the 2nd quarter worth $27,000. Finally, Valued Wealth Advisors LLC raised its position in shares of Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 70 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

AMD stock opened at $167.89 on Monday. The stock’s 50 day moving average price is $151.34 and its 200 day moving average price is $157.42. The firm has a market cap of $271.36 billion, a P/E ratio of 246.90, a PEG ratio of 2.33 and a beta of 1.70. 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, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMD shares. Morgan Stanley boosted their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Barclays dropped their price objective on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Robert W. Baird dropped their price target on shares of 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. Piper Sandler raised their target price on Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.