Paladin Wealth LLC Purchases New Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Paladin Wealth LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,092 shares of the semiconductor manufacturer's stock, valued at approximately $671,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. VitalStone Financial LLC boosted its holdings in Advanced Micro Devices by 36.8% during the third quarter. VitalStone Financial LLC now owns 4,899 shares of the semiconductor manufacturer's stock worth $804,000 after buying an additional 1,319 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $359,000. Martin Capital Advisors LLP grew its position in shares of Advanced Micro Devices by 7.8% during the 3rd quarter. Martin Capital Advisors LLP now owns 1,664 shares of the semiconductor manufacturer's stock valued at $273,000 after acquiring an additional 120 shares during the period. Armstrong Advisory Group Inc. increased its stake in shares of Advanced Micro Devices by 6.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,084 shares of the semiconductor manufacturer's stock valued at $506,000 after purchasing an additional 177 shares in the last quarter. Finally, Sunflower Bank N.A. acquired a new position in Advanced Micro Devices in the 3rd quarter worth about $396,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 31st. BNP Paribas upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, July 31st. Roth Mkm reiterated a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday. Edward Jones assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They set a "buy" rating for the company. Finally, Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $195.00.

Advanced Micro Devices Stock Down 1.6 %

NASDAQ AMD traded down $2.62 during trading hours on Monday, hitting $165.27. 31,688,231 shares of the company were exchanged, compared to its average volume of 57,934,180. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The firm has a market cap of $267.13 billion, a price-to-earnings ratio of 243.04, a PEG ratio of 2.33 and a beta of 1.70. The company has a 50 day moving average of $151.34 and a two-hundred day moving average of $157.42. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. The business's quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

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.