Interchange Capital Partners LLC Lowers Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Interchange Capital Partners LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 43.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,700 shares of the semiconductor manufacturer’s stock after selling 3,681 shares during the period. Interchange Capital Partners LLC’s holdings in Advanced Micro Devices were worth $771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Advanced Micro Devices by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after acquiring an additional 116,020 shares in the last quarter. Wesbanco Bank Inc. lifted its position in Advanced Micro Devices by 15.7% in the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock valued at $25,524,000 after purchasing an additional 21,132 shares during the period. St. Louis Financial Planners Asset Management LLC purchased a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $2,394,000. Sycomore Asset Management increased its position in Advanced Micro Devices by 28.6% during the 2nd quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after purchasing an additional 30,677 shares during the period. Finally, Custom Index Systems LLC acquired a new position in Advanced Micro Devices during the 3rd quarter worth approximately $559,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 1.1 %

NASDAQ AMD traded down $1.63 during mid-day trading on Friday, reaching $142.44. 13,840,556 shares of the company’s stock traded hands, compared to its average volume of 56,599,137. The company has a current ratio of 2.50, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $105.91 and a 1-year high of $227.30. The company has a fifty day simple moving average of $155.01 and a 200-day simple moving average of $155.94. The company has a market cap of $230.54 billion, a price-to-earnings ratio of 128.99, a P/E/G ratio of 2.03 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday. Morgan Stanley decreased their target price on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, TD Cowen lowered their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $192.79.

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.