Fulton Breakefield Broenniman LLC Sells 744 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fulton Breakefield Broenniman LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,958 shares of the semiconductor manufacturer’s stock after selling 744 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Advanced Micro Devices were worth $10,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Physician Wealth Advisors Inc. lifted its stake in shares of Advanced Micro Devices by 5.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 4,115 shares of the semiconductor manufacturer’s stock worth $645,000 after purchasing an additional 210 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in Advanced Micro Devices by 2.3% in the third quarter. Wolff Wiese Magana LLC now owns 7,048 shares of the semiconductor manufacturer’s stock worth $1,156,000 after purchasing an additional 157 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Advanced Micro Devices in the third quarter worth about $373,000. Indiana Trust & Investment Management Co lifted its position in shares of Advanced Micro Devices by 17.7% during the third quarter. Indiana Trust & Investment Management Co now owns 4,131 shares of the semiconductor manufacturer’s stock valued at $678,000 after buying an additional 620 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Advanced Micro Devices by 1.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 455,076 shares of the semiconductor manufacturer’s stock valued at $74,669,000 after buying an additional 6,099 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 0.3 %

Shares of Advanced Micro Devices stock opened at $156.13 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The company has a market cap of $252.36 billion, a P/E ratio of 229.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The firm has a 50-day simple moving average of $153.03 and a two-hundred day simple moving average of $157.14.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for 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%. Advanced Micro Devices’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMD. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating for the company. Citigroup increased their price objective on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 7th. Wells Fargo & Company upped their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $195.00.

About Advanced Micro Devices

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.