Vest Financial LLC Purchases 4,481 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vest Financial LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 199.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,733 shares of the semiconductor manufacturer's stock after buying an additional 4,481 shares during the quarter. Vest Financial LLC's holdings in Advanced Micro Devices were worth $1,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMD. Annex Advisory Services LLC bought a new position in shares of Advanced Micro Devices in the first quarter worth about $201,000. Gilman Hill Asset Management LLC purchased a new position in Advanced Micro Devices during the first quarter valued at approximately $208,000. Dynamic Advisor Solutions LLC boosted its position in shares of Advanced Micro Devices by 35.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 31,497 shares of the semiconductor manufacturer's stock worth $5,685,000 after purchasing an additional 8,221 shares during the period. Hoxton Planning & Management LLC increased its stake in shares of Advanced Micro Devices by 7.1% in the first quarter. Hoxton Planning & Management LLC now owns 3,260 shares of the semiconductor manufacturer's stock worth $588,000 after purchasing an additional 215 shares in the last quarter. Finally, Prentice Wealth Management LLC raised its position in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer's stock valued at $711,000 after purchasing an additional 62 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

AMD opened at $157.90 on Tuesday. The stock has a market cap of $255.22 billion, a P/E ratio of 232.21, 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. 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 business has a fifty day moving average of $154.28 and a 200 day moving average of $156.57.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMD. StockNews.com lowered Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. Truist Financial decreased their target price on Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating on the stock in a research note on Wednesday, July 31st. Morgan Stanley upped their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 7th. Finally, Piper Sandler boosted their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. One 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 data from MarketBeat.com, the company presently 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.