Traphagen Investment Advisors LLC Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Traphagen Investment Advisors LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,560 shares of the semiconductor manufacturer’s stock after purchasing an additional 219 shares during the period. Traphagen Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Advanced Micro Devices by 1.6% in the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock valued at $26,133,989,000 after acquiring an additional 2,349,288 shares during the last quarter. Legal & General Group Plc lifted its stake in Advanced Micro Devices by 1.4% in the second quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock valued at $2,159,039,000 after purchasing an additional 188,580 shares during the last quarter. Van ECK Associates Corp lifted its stake in Advanced Micro Devices by 52.6% in the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after purchasing an additional 2,979,204 shares during the last quarter. GQG Partners LLC increased its position in Advanced Micro Devices by 5.0% in the first quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer’s stock worth $1,451,945,000 after buying an additional 382,582 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Advanced Micro Devices by 10.4% in the second quarter. Ameriprise Financial Inc. now owns 7,495,184 shares of the semiconductor manufacturer’s stock worth $1,215,998,000 after buying an additional 707,705 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 2.3 %

NASDAQ AMD traded down $3.67 during trading on Tuesday, hitting $154.23. 11,153,791 shares of the company’s stock traded hands, compared to its average volume of 57,071,605. The stock has a fifty day moving average of $154.28 and a two-hundred day moving average of $156.57. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The firm has a market cap of $249.28 billion, a P/E ratio of 226.56, a PEG ratio of 2.33 and a beta of 1.70. 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 posted its quarterly 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. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company earned $0.40 EPS. Advanced Micro Devices’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMD. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Piper Sandler increased their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Citigroup raised their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Wedbush reissued an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.