Impact Partnership Wealth LLC Purchases 421 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Impact Partnership Wealth LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,776 shares of the semiconductor manufacturer’s stock after purchasing an additional 421 shares during the period. Impact Partnership Wealth LLC’s holdings in Advanced Micro Devices were worth $455,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. PSI Advisors LLC grew its stake in Advanced Micro Devices by 19.2% in the 3rd quarter. PSI Advisors LLC now owns 7,734 shares of the semiconductor manufacturer’s stock valued at $1,269,000 after purchasing an additional 1,248 shares during the period. Grassi Investment Management boosted its holdings in shares of Advanced Micro Devices by 2.0% in the 3rd quarter. Grassi Investment Management now owns 140,785 shares of the semiconductor manufacturer’s stock worth $23,100,000 after buying an additional 2,750 shares during the last quarter. Greystone Financial Group LLC grew its position in Advanced Micro Devices by 65.1% during the third quarter. Greystone Financial Group LLC now owns 5,752 shares of the semiconductor manufacturer’s stock valued at $944,000 after buying an additional 2,267 shares during the period. Hoertkorn Richard Charles increased its holdings in Advanced Micro Devices by 48.0% during the third quarter. Hoertkorn Richard Charles now owns 5,872 shares of the semiconductor manufacturer’s stock worth $963,000 after buying an additional 1,904 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in Advanced Micro Devices by 34.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 8,393 shares of the semiconductor manufacturer’s stock worth $1,377,000 after acquiring an additional 2,142 shares during the period. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Wedbush reissued an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Piper Sandler upped their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. Finally, KeyCorp dropped their price objective on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded up $1.21 during mid-day trading on Thursday, reaching $154.12. 4,364,583 shares of the company were exchanged, compared to its average volume of 56,781,125. The stock has a market capitalization of $249.11 billion, a PE ratio of 224.87, a PEG ratio of 2.33 and a beta of 1.70. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company’s 50 day moving average price is $154.79 and its 200 day moving average price is $156.43.

Advanced Micro Devices (NASDAQ:AMD) last issued 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. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.