Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Bellecapital International Ltd.

Bellecapital International Ltd. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,111 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,982 shares during the period. Advanced Micro Devices makes up about 3.5% of Bellecapital International Ltd.’s investment portfolio, making the stock its 9th largest holding. Bellecapital International Ltd.’s holdings in Advanced Micro Devices were worth $17,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new position in Advanced Micro Devices during the first quarter worth $124,000. CHICAGO TRUST Co NA boosted its stake in shares of Advanced Micro Devices by 7.4% during the 1st quarter. CHICAGO TRUST Co NA now owns 1,471 shares of the semiconductor manufacturer’s stock worth $266,000 after buying an additional 101 shares during the last quarter. Ignite Planners LLC grew its holdings in shares of Advanced Micro Devices by 22.4% in the 1st quarter. Ignite Planners LLC now owns 2,912 shares of the semiconductor manufacturer’s stock valued at $534,000 after acquiring an additional 533 shares in the last quarter. Strategic Planning Group LLC increased its position in shares of Advanced Micro Devices by 2.5% in the first quarter. Strategic Planning Group LLC now owns 17,477 shares of the semiconductor manufacturer’s stock valued at $3,155,000 after acquiring an additional 425 shares during the last quarter. Finally, Wealth Management Partners LLC raised its holdings in Advanced Micro Devices by 10.5% during the first quarter. Wealth Management Partners LLC now owns 7,482 shares of the semiconductor manufacturer’s stock worth $1,350,000 after acquiring an additional 708 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

AMD traded down $1.63 during trading on Monday, hitting $154.34. 9,725,309 shares of the stock traded hands, compared to its average volume of 57,218,934. 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, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a market cap of $249.46 billion, a price-to-earnings ratio of 227.47, a PEG ratio of 2.33 and a beta of 1.70. The business has a 50 day moving average price of $153.86 and a 200 day moving average price of $156.62.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 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 firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup raised their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Bank of America reiterated a “buy” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Monday, October 7th. Finally, Edward Jones initiated coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.