Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Lifted by Gemmer Asset Management LLC

Gemmer Asset Management LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,868 shares of the semiconductor manufacturer’s stock after buying an additional 599 shares during the quarter. Gemmer Asset Management LLC’s holdings in Advanced Micro Devices were worth $471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AMD. Tradewinds Capital Management LLC boosted its stake in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares in the last quarter. Semmax Financial Advisors Inc. boosted its stake in Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares in the last quarter. ZRC Wealth Management LLC boosted its stake in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 75 shares in the last quarter. Fairway Wealth LLC bought a new position in Advanced Micro Devices during the second quarter valued at about $27,000. Finally, Morton Brown Family Wealth LLC boosted its stake in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 85 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Robert W. Baird decreased their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Piper Sandler raised their target price on Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. Truist Financial dropped their price target 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. Finally, KeyCorp dropped their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $159.00 on Monday. The company has a market cap of $256.99 billion, a P/E ratio of 233.68, a P/E/G ratio of 2.33 and a beta of 1.70. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $94.07 and a 12 month high of $227.30. The business’s 50 day moving average is $155.06 and its two-hundred day moving average is $156.13.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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 business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. Advanced Micro Devices’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. On average, equities analysts expect 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.