Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,805 shares of the semiconductor manufacturer’s stock after selling 365 shares during the period. TCI Wealth Advisors Inc.’s holdings in Advanced Micro Devices were worth $624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. International Assets Investment Management LLC increased its holdings in Advanced Micro Devices by 17,137.3% in 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 buying an additional 7,815,305 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Advanced Micro Devices by 52.6% in 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 during the period. 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 worth $1,381,679,000 after purchasing an additional 2,497,056 shares during the period. Vanguard Group Inc. boosted its stake in Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after buying an additional 2,349,288 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $296,178,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Up 1.8 %

Shares of AMD stock traded up $2.86 during mid-day trading on Monday, hitting $159.09. 17,241,240 shares of the company’s stock were exchanged, compared to its average volume of 56,544,836. Advanced Micro Devices, Inc. has a fifty-two week low of $94.07 and a fifty-two week high of $227.30. The stock has a market cap of $257.14 billion, a price-to-earnings ratio of 234.41, a PEG 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. The stock has a 50-day simple moving average of $155.06 and a two-hundred day simple moving average of $156.13.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share 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%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMD shares. Robert W. Baird reduced 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 research note on Wednesday, July 31st. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Truist Financial lowered their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.