Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Avaii Wealth Management LLC

Avaii Wealth Management LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 16.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,443 shares of the semiconductor manufacturer's stock after buying an additional 4,120 shares during the quarter. Advanced Micro Devices comprises about 2.4% of Avaii Wealth Management LLC's portfolio, making the stock its 14th biggest holding. Avaii Wealth Management LLC's holdings in Advanced Micro Devices were worth $4,831,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in 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 valued at $26,133,989,000 after buying an additional 2,349,288 shares in the last quarter. Legal & General Group Plc boosted its position 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 acquiring an additional 188,580 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Advanced Micro Devices by 52.6% in the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer's stock valued at $1,402,412,000 after purchasing an additional 2,979,204 shares during the period. GQG Partners LLC increased its position in Advanced Micro Devices by 5.0% during the first quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer's stock worth $1,451,945,000 after purchasing an additional 382,582 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in 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 purchasing an additional 707,705 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 0.1 %

Shares of NASDAQ AMD traded up $0.12 during midday trading on Thursday, hitting $156.25. 29,300,971 shares of the company's stock were exchanged, compared to its average volume of 57,620,418. The firm's fifty day simple moving average is $153.03 and its 200-day simple moving average is $157.14. The company has a market cap of $252.55 billion, a PE ratio of 231.43, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. 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 - Get Free Report) last released its quarterly earnings data 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 company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.72 billion. During the same quarter last year, the company earned $0.40 earnings per share. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMD shares. Morgan Stanley raised their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 31st. Susquehanna reissued a "positive" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 7th. Truist Financial cut their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating for the company in a research report on Wednesday, July 31st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $195.00.

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.