Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Increased by Americana Partners LLC

Americana Partners LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,710 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,558 shares during the period. Americana Partners LLC’s holdings in Advanced Micro Devices were worth $7,500,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Advanced Micro Devices by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after buying an additional 116,020 shares during the last quarter. Wesbanco Bank Inc. grew its holdings 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 worth $25,524,000 after acquiring an additional 21,132 shares during the last quarter. St. Louis Financial Planners Asset Management LLC acquired a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $2,394,000. Sycomore Asset Management raised its holdings in Advanced Micro Devices by 28.6% during the 2nd 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 period. Finally, Custom Index Systems LLC acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $559,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AMD. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday. Evercore ISI increased their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday. KeyCorp cut their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Susquehanna reaffirmed a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Robert W. Baird dropped their price target on 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 assigned a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Stock Down 1.2 %

Shares of AMD traded down $1.70 during mid-day trading on Friday, reaching $142.37. 19,782,520 shares of the stock traded hands, compared to its average volume of 56,619,625. The firm has a market cap of $230.42 billion, a price-to-earnings ratio of 128.99, a P/E/G ratio of 2.03 and a beta of 1.70. The stock has a fifty day simple moving average of $155.01 and a 200 day simple moving average of $155.94. Advanced Micro Devices, Inc. has a 12-month low of $105.91 and a 12-month high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS 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.