Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 455,076 shares of the semiconductor manufacturer's stock after purchasing an additional 6,099 shares during the period. Vontobel Holding Ltd.'s holdings in Advanced Micro Devices were worth $74,669,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position 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 worth $26,133,989,000 after buying an additional 2,349,288 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer's stock valued at $2,159,039,000 after purchasing an additional 188,580 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Advanced Micro Devices by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer's stock worth $1,402,412,000 after purchasing an additional 2,979,204 shares in the last quarter. GQG Partners LLC increased its position in Advanced Micro Devices by 5.0% during the 1st quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer's stock valued at $1,451,945,000 after buying an additional 382,582 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Advanced Micro Devices by 10.4% during the second quarter. Ameriprise Financial Inc. now owns 7,495,184 shares of the semiconductor manufacturer's stock worth $1,215,998,000 after acquiring an additional 707,705 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 0.3 %

Shares of NASDAQ AMD traded down $0.51 during mid-day trading on Wednesday, reaching $156.13. 30,376,154 shares of the company's stock were exchanged, compared to its average volume of 57,761,020. The company's 50-day moving average is $152.48 and its 200-day moving average is $157.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The firm has a market capitalization of $252.36 billion, a price-to-earnings ratio of 229.90, a PEG ratio of 2.33 and a beta of 1.70. 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 announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. Analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on AMD shares. Wedbush reiterated an "outperform" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Susquehanna reiterated a "positive" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Wells Fargo & Company lifted their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Thursday, July 11th. Barclays lowered their price objective 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. Finally, Truist Financial cut their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating for the company in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $195.00.

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.