Fortitude Family Office LLC Boosts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fortitude Family Office LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 376.8% during the third quarter, Holdings Channel reports. The fund owned 2,675 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,114 shares during the period. Fortitude Family Office LLC’s holdings in Advanced Micro Devices were worth $439,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. bought a new position in Advanced Micro Devices in the 1st quarter worth $264,000. LVW Advisors LLC raised its stake in shares of Advanced Micro Devices by 20.2% in the first quarter. LVW Advisors LLC now owns 1,771 shares of the semiconductor manufacturer’s stock worth $320,000 after buying an additional 298 shares during the period. Aviance Capital Partners LLC purchased a new position in shares of Advanced Micro Devices during the 1st quarter valued at about $363,000. Congress Wealth Management LLC DE grew its stake in shares of Advanced Micro Devices by 30.8% during the 1st quarter. Congress Wealth Management LLC DE now owns 16,737 shares of the semiconductor manufacturer’s stock valued at $3,021,000 after acquiring an additional 3,945 shares during the period. Finally, AlphaMark Advisors LLC increased its holdings in Advanced Micro Devices by 63.2% in the 1st quarter. AlphaMark Advisors LLC now owns 279 shares of the semiconductor manufacturer’s stock worth $50,000 after acquiring an additional 108 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMD has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Monday. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Roth Mkm reiterated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Susquehanna restated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. One research 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $159.92 on Tuesday. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $258.48 billion, a price-to-earnings ratio of 235.18, a PEG ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 12 month low of $94.07 and a 12 month high of $227.30. The firm’s 50-day moving average is $155.15 and its 200 day moving average is $156.06.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate 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 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 quarter in the prior year, the company posted $0.40 EPS. Research 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.