Advanced Micro Devices, Inc. (NASDAQ:AMD) Holdings Trimmed by NBC Securities Inc.

NBC Securities Inc. lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,595 shares of the semiconductor manufacturer’s stock after selling 111 shares during the period. NBC Securities Inc.’s holdings in Advanced Micro Devices were worth $1,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Advanced Micro Devices by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after buying an additional 116,020 shares during the period. Chapin Davis Inc. grew its holdings in shares of Advanced Micro Devices by 613.4% during the 1st quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock valued at $2,213,000 after acquiring an additional 10,544 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Advanced Micro Devices by 15.7% during the 3rd quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock valued at $25,524,000 after acquiring an additional 21,132 shares in the last quarter. St. Louis Financial Planners Asset Management LLC acquired a new position in shares of Advanced Micro Devices in the third quarter worth $2,394,000. Finally, Sycomore Asset Management raised its holdings in shares of Advanced Micro Devices by 28.6% during the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after acquiring an additional 30,677 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMD shares. Citigroup upped their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Truist Financial cut their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Barclays decreased their target price on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Monday, October 7th. Finally, Bank of America reiterated a “buy” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $156.64 on Wednesday. The firm has a market capitalization of $253.18 billion, a PE ratio of 230.35, a price-to-earnings-growth 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 $93.11 and a 12-month high of $227.30. The firm has a 50-day moving average price of $152.48 and a 200 day moving average price of $157.15.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $5.84 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.