Donaldson Capital Management LLC Acquires 102 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Donaldson Capital Management LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,692 shares of the semiconductor manufacturer’s stock after acquiring an additional 102 shares during the quarter. Donaldson Capital Management LLC’s holdings in Advanced Micro Devices were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AMD. International Assets Investment Management LLC raised its stake in Advanced Micro Devices by 17,137.3% during the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock worth $1,289,818,000 after acquiring an additional 7,815,305 shares in the last quarter. Van ECK Associates Corp raised its stake in Advanced Micro Devices by 52.6% during the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after acquiring an additional 2,979,204 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Advanced Micro Devices by 42.2% during the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock worth $1,381,679,000 after acquiring an additional 2,497,056 shares in the last quarter. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after acquiring an additional 2,349,288 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Advanced Micro Devices during the second quarter worth $296,178,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $140.71 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.50. The company has a fifty day moving average of $154.57 and a 200-day moving average of $155.67. The stock has a market capitalization of $228.35 billion, a price-to-earnings ratio of 126.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.71. Advanced Micro Devices, Inc. has a 52-week low of $110.22 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. UBS Group lowered their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. TD Cowen lowered their target price on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Truist Financial lowered their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Finally, Piper Sandler restated an “overweight” rating and issued a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.