Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,604 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,719 shares during the quarter. Ballentine Partners LLC’s holdings in Advanced Micro Devices were worth $5,514,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC raised its holdings in Advanced Micro Devices by 17,137.3% during the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock worth $1,289,818,000 after purchasing an additional 7,815,305 shares in the last quarter. Van ECK Associates Corp raised its stake in Advanced Micro Devices by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after acquiring an additional 2,979,204 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Advanced Micro Devices by 42.2% in the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock valued at $1,381,679,000 after acquiring an additional 2,497,056 shares during the last quarter. Vanguard Group Inc. boosted its stake in Advanced Micro Devices by 1.6% in 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 acquiring an additional 2,349,288 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Advanced Micro Devices during the second quarter worth about $296,178,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Piper Sandler boosted their price objective 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 upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Robert W. Baird cut their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 7th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Advanced Micro Devices Trading Up 0.3 %

Shares of AMD opened at $153.44 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. 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 firm has a market capitalization of $248.01 billion, a P/E ratio of 225.65, a PEG ratio of 2.33 and a beta of 1.70. The firm’s 50-day moving average is $154.79 and its two-hundred day moving average is $156.43.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping 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%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal 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.