Detalus Advisors LLC Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Detalus Advisors LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,616 shares of the semiconductor manufacturer’s stock after buying an additional 146 shares during the quarter. Detalus Advisors LLC’s holdings in Advanced Micro Devices were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of AMD. Coston McIsaac & Partners grew its holdings in shares of Advanced Micro Devices by 319.4% during the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after buying an additional 198 shares during the last quarter. Altus Wealth Group LLC lifted its position in Advanced Micro Devices by 10.5% during the 3rd quarter. Altus Wealth Group LLC now owns 1,616 shares of the semiconductor manufacturer’s stock worth $265,000 after acquiring an additional 154 shares during the period. Syntegra Private Wealth Group LLC grew its stake in shares of Advanced Micro Devices by 4.8% in the 3rd quarter. Syntegra Private Wealth Group LLC now owns 4,871 shares of the semiconductor manufacturer’s stock valued at $799,000 after purchasing an additional 223 shares during the last quarter. TFG Advisers LLC increased its holdings in shares of Advanced Micro Devices by 1.6% in the third quarter. TFG Advisers LLC now owns 4,649 shares of the semiconductor manufacturer’s stock valued at $763,000 after purchasing an additional 75 shares during the period. Finally, Greenleaf Trust raised its stake in shares of Advanced Micro Devices by 3.4% during the third quarter. Greenleaf Trust now owns 38,809 shares of the semiconductor manufacturer’s stock worth $6,368,000 after purchasing an additional 1,273 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 1.3 %

Shares of Advanced Micro Devices stock traded down $2.03 during trading hours on Wednesday, reaching $152.06. 9,697,239 shares of the company’s stock were exchanged, compared to its average volume of 56,956,820. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a fifty day moving average of $154.54 and a 200-day moving average of $156.45. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $245.78 billion, a price-to-earnings ratio of 224.82, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70.

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 analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company earned $0.40 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. KeyCorp dropped their price target on shares of 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. Wedbush restated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Susquehanna reissued a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices 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.