Koshinski Asset Management Inc. Sells 122 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Koshinski Asset Management Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,671 shares of the semiconductor manufacturer’s stock after selling 122 shares during the period. Koshinski Asset Management Inc.’s holdings in Advanced Micro Devices were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Van ECK Associates Corp raised its stake in shares of Advanced Micro Devices by 52.6% in the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after purchasing an additional 2,979,204 shares during the last quarter. Vanguard Group Inc. lifted its stake in Advanced Micro Devices by 1.6% during the 1st 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. Renaissance Technologies LLC purchased a new position in Advanced Micro Devices during the 2nd quarter worth $296,178,000. Swedbank AB purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at about $290,842,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Advanced Micro Devices by 29.0% during the second quarter. Assenagon Asset Management S.A. now owns 5,923,710 shares of the semiconductor manufacturer’s stock valued at $960,885,000 after purchasing an additional 1,331,165 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMD. Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Citigroup lifted their price target on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Piper Sandler upped 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. Morgan Stanley lifted their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird reduced their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Trading Down 1.6 %

Shares of Advanced Micro Devices stock opened at $165.27 on Tuesday. The company has a 50 day simple moving average of $151.95 and a two-hundred day simple moving average of $157.31. The firm has a market cap of $267.13 billion, a PE ratio of 243.04, a PEG ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts expect 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.