GAM Holding AG Acquires Shares of 31,751 Advanced Micro Devices, Inc. (NASDAQ:AMD)

GAM Holding AG acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 31,751 shares of the semiconductor manufacturer’s stock, valued at approximately $5,210,000.

A number of other institutional investors also recently added to or reduced their stakes in AMD. Community Trust & Investment Co. boosted its stake in shares of Advanced Micro Devices by 0.7% during the 3rd quarter. Community Trust & Investment Co. now owns 143,193 shares of the semiconductor manufacturer’s stock worth $23,495,000 after acquiring an additional 966 shares in the last quarter. Saxony Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 28.4% during the 3rd quarter. Saxony Capital Management LLC now owns 3,249 shares of the semiconductor manufacturer’s stock worth $533,000 after acquiring an additional 718 shares in the last quarter. Segment Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 29.4% during the 3rd quarter. Segment Wealth Management LLC now owns 15,951 shares of the semiconductor manufacturer’s stock worth $2,617,000 after acquiring an additional 3,620 shares in the last quarter. Private Advisor Group LLC lifted its stake in Advanced Micro Devices by 35.2% in the 3rd quarter. Private Advisor Group LLC now owns 134,367 shares of the semiconductor manufacturer’s stock valued at $22,047,000 after buying an additional 35,008 shares in the last quarter. Finally, Stanley Laman Group Ltd. lifted its stake in Advanced Micro Devices by 1,210.9% in the 3rd quarter. Stanley Laman Group Ltd. now owns 25,432 shares of the semiconductor manufacturer’s stock valued at $4,173,000 after buying an additional 23,492 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $154.09 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The firm has a 50-day moving average of $154.54 and a two-hundred day moving average of $156.45. The stock has a market cap of $249.06 billion, a P/E ratio of 226.60, a PEG ratio of 2.33 and a beta of 1.70. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent research reports. Edward Jones initiated coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. KeyCorp reduced their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Monday, October 7th. Bank of America reiterated a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Finally, TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. One equities research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.