Commonwealth Equity Services LLC Has $109.24 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Commonwealth Equity Services LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 665,798 shares of the semiconductor manufacturer's stock after selling 45,970 shares during the period. Commonwealth Equity Services LLC's holdings in Advanced Micro Devices were worth $109,244,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer's stock valued at $26,133,989,000 after purchasing 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 buying an additional 188,580 shares during the last quarter. Van ECK Associates Corp grew its stake 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 valued at $1,402,412,000 after buying an additional 2,979,204 shares in the last quarter. GQG Partners LLC increased its holdings in Advanced Micro Devices by 5.0% in the first quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer's stock worth $1,451,945,000 after buying an additional 382,582 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position 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 valued at $1,215,998,000 after acquiring an additional 707,705 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. Piper Sandler increased their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Susquehanna reiterated a "positive" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Morgan Stanley boosted their price objective 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. Finally, Robert W. Baird cut their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating for the company in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $195.00.

Advanced Micro Devices Trading Down 0.2 %

AMD traded down $0.28 during mid-day trading on Friday, reaching $155.97. The stock had a trading volume of 23,822,985 shares, compared to its average volume of 57,453,762. The stock has a market capitalization of $252.10 billion, a P/E ratio of 229.37, a P/E/G 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. 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's fifty day simple moving average is $153.86 and its two-hundred day simple moving average is $156.94.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Advanced Micro Devices 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.