First Trust Direct Indexing L.P. Purchases 4,142 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

First Trust Direct Indexing L.P. increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,160 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,142 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Advanced Micro Devices were worth $7,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Advanced Micro Devices by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after purchasing an additional 116,020 shares in the last quarter. Wesbanco Bank Inc. grew its position in Advanced Micro Devices by 15.7% during the 3rd quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock valued at $25,524,000 after purchasing an additional 21,132 shares during the last quarter. St. Louis Financial Planners Asset Management LLC bought a new stake in Advanced Micro Devices during the 3rd quarter valued at about $2,394,000. Sycomore Asset Management raised its holdings in Advanced Micro Devices by 28.6% in the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after buying an additional 30,677 shares during the last quarter. Finally, Custom Index Systems LLC bought a new position in shares of Advanced Micro Devices in the third quarter worth approximately $559,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 9.8 %

Shares of NASDAQ:AMD traded down $16.32 during midday trading on Wednesday, reaching $149.93. 39,541,602 shares of the company’s stock were exchanged, compared to its average volume of 56,631,570. The stock has a market cap of $242.33 billion, a price-to-earnings ratio of 222.07, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a fifty-two week low of $94.07 and a fifty-two week high of $227.30. The firm’s 50 day simple moving average is $155.35 and its two-hundred day simple moving average is $156.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMD shares. Roth Mkm restated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Truist Financial decreased their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Citigroup lifted their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Robert W. Baird decreased their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.83.

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.