Advanced Micro Devices, Inc. (NASDAQ:AMD) Holdings Decreased by Interchange Capital Partners LLC

Interchange Capital Partners LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 43.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,700 shares of the semiconductor manufacturer’s stock after selling 3,681 shares during the quarter. Interchange Capital Partners LLC’s holdings in Advanced Micro Devices were worth $771,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Advanced Micro Devices by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after buying an additional 116,020 shares during the last quarter. Wesbanco Bank Inc. grew its position in shares of Advanced Micro Devices by 15.7% during the 3rd quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock valued at $25,524,000 after buying an additional 21,132 shares during the last quarter. St. Louis Financial Planners Asset Management LLC acquired a new stake in Advanced Micro Devices during the third quarter worth about $2,394,000. Sycomore Asset Management lifted its holdings in Advanced Micro Devices by 28.6% in the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after acquiring an additional 30,677 shares during the last quarter. Finally, Custom Index Systems LLC acquired a new position in Advanced Micro Devices in the third quarter valued at approximately $559,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded down $1.63 on Friday, reaching $142.44. 13,840,556 shares of the company traded hands, compared to its average volume of 56,599,137. The stock has a market capitalization of $230.54 billion, a PE ratio of 128.99, a P/E/G ratio of 2.03 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 2.01. The company’s 50 day moving average is $155.01 and its 200-day moving average is $155.94. Advanced Micro Devices, Inc. has a fifty-two week low of $105.91 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMD shares. KeyCorp dropped their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Evercore ISI upped their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday. Roth Mkm reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

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.