Clarius Group LLC Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Clarius Group LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,554 shares of the semiconductor manufacturer’s stock after acquiring an additional 335 shares during the period. Clarius Group LLC’s holdings in Advanced Micro Devices were worth $1,902,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMD. Tradewinds Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares during the period. ZRC Wealth Management LLC lifted its position in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares during the period. Morton Brown Family Wealth LLC lifted its position in Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the period. Fairway Wealth LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $27,000. Finally, Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $28,000. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMD. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Barclays lowered their price objective on 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. Piper Sandler raised their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley raised their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $194.31.

Advanced Micro Devices Trading Up 0.5 %

AMD traded up $0.79 during trading on Friday, hitting $164.97. The company’s stock had a trading volume of 5,605,055 shares, compared to its average volume of 57,884,016. The firm’s 50 day moving average price is $150.63 and its 200-day moving average price is $157.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The stock has a market cap of $267.00 billion, a PE ratio of 200.22, a PEG ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30.

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

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.73% of the company’s stock.

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.