Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $2.77 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,888 shares of the semiconductor manufacturer’s stock after purchasing an additional 679 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Advanced Micro Devices were worth $2,771,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMD. Tower View Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 51.6% during the third quarter. Tower View Wealth Management LLC now owns 14,295 shares of the semiconductor manufacturer’s stock worth $2,346,000 after buying an additional 4,867 shares in the last quarter. Gemmer Asset Management LLC increased its holdings in shares of Advanced Micro Devices by 26.4% during the third quarter. Gemmer Asset Management LLC now owns 2,868 shares of the semiconductor manufacturer’s stock worth $471,000 after buying an additional 599 shares in the last quarter. Family Investment Center Inc. acquired a new position in shares of Advanced Micro Devices during the third quarter worth $266,000. Riggs Asset Managment Co. Inc. increased its holdings in shares of Advanced Micro Devices by 2.3% during the third quarter. Riggs Asset Managment Co. Inc. now owns 12,502 shares of the semiconductor manufacturer’s stock worth $2,051,000 after buying an additional 279 shares in the last quarter. Finally, Lynch Asset Management Inc. increased its holdings in shares of Advanced Micro Devices by 7.7% during the third quarter. Lynch Asset Management Inc. now owns 35,175 shares of the semiconductor manufacturer’s stock worth $5,772,000 after buying an additional 2,500 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $2.18 during trading hours on Monday, hitting $158.41. 4,958,127 shares of the company were exchanged, compared to its average volume of 56,491,059. The firm has a fifty day simple moving average of $155.06 and a 200 day simple moving average of $156.13. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $94.07 and a 52-week high of $227.30. The stock has a market capitalization of $256.04 billion, a price-to-earnings ratio of 233.68, a P/E/G ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Susquehanna reiterated a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Edward Jones initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. Morgan Stanley increased their price objective 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. Wedbush restated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.