Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Boosted by PDS Planning Inc

PDS Planning Inc boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,976 shares of the semiconductor manufacturer’s stock after purchasing an additional 331 shares during the quarter. PDS Planning Inc’s holdings in Advanced Micro Devices were worth $1,145,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cherrydale Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 4.7% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after purchasing an additional 58 shares during the last quarter. Christopher J. Hasenberg Inc raised its position in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock valued at $97,000 after acquiring an additional 60 shares during the last quarter. Delta Financial Group Inc. lifted its stake in Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after buying an additional 63 shares during the period. Trivant Custom Portfolio Group LLC raised its position in shares of Advanced Micro Devices by 0.3% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock valued at $3,995,000 after acquiring an additional 65 shares during the period. Finally, Wealth Effects LLC raised its holdings in Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after purchasing an additional 65 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the subject of several recent analyst reports. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. KeyCorp lowered their target price 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. Morgan Stanley dropped their target price on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. Finally, Edward Jones assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Stock Performance

AMD stock traded down $0.26 during mid-day trading on Monday, hitting $141.60. 6,837,692 shares of the company were exchanged, compared to its average volume of 56,483,766. Advanced Micro Devices, Inc. has a 1-year low of $110.22 and a 1-year high of $227.30. The stock has a market capitalization of $229.79 billion, a PE ratio of 127.80, a price-to-earnings-growth ratio of 1.98 and a beta of 1.71. The business has a 50 day simple moving average of $154.75 and a 200-day simple moving average of $155.77. The company has a current ratio of 2.50, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.55 earnings per share for the current 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.