Highland Capital Management LLC Has $1.12 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Highland Capital Management LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 62.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,832 shares of the semiconductor manufacturer’s stock after selling 11,291 shares during the period. Highland Capital Management LLC’s holdings in Advanced Micro Devices were worth $1,121,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Tradewinds Capital Management LLC raised its holdings in shares of Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the period. ZRC Wealth Management LLC raised its stake in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 75 shares during the period. Morton Brown Family Wealth LLC lifted its position in shares of Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 85 shares during the last quarter. Fairway Wealth LLC bought a new position in shares of Advanced Micro Devices during the 2nd quarter worth approximately $27,000. Finally, Semmax Financial Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Up 1.8 %

Shares of AMD stock opened at $156.23 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $252.52 billion, a P/E ratio of 229.75, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The stock’s fifty day simple moving average is $155.06 and its 200 day simple moving average is $156.21.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on AMD. Bank of America reaffirmed a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Susquehanna reaffirmed a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.