Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by GSB Wealth Management LLC

GSB Wealth Management LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,030 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,712 shares during the period. GSB Wealth Management LLC’s holdings in Advanced Micro Devices were worth $3,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Advanced Micro Devices by 17,137.3% during the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock worth $1,289,818,000 after buying an additional 7,815,305 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Advanced Micro Devices by 52.6% in the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after acquiring an additional 2,979,204 shares during the period. Assenagon Asset Management S.A. grew its position in shares of 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 during the last quarter. Vanguard Group Inc. increased its holdings in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock valued at $26,133,989,000 after acquiring an additional 2,349,288 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Advanced Micro Devices during the 2nd quarter worth $296,178,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup raised their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Morgan Stanley dropped their price objective on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a research note on Wednesday. Barclays decreased their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Wells Fargo & Company lifted their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $193.83.

Advanced Micro Devices Stock Up 4.0 %

AMD stock opened at $166.25 on Wednesday. The company has a market capitalization of $268.71 billion, a P/E ratio of 244.49, a PEG ratio of 2.33 and a beta of 1.70. The firm has a 50 day simple moving average of $155.35 and a 200-day simple moving average of $156.08. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $94.07 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.