Van Hulzen Asset Management LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,818 shares of the semiconductor manufacturer’s stock after buying an additional 309 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Advanced Micro Devices were worth $964,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in AMD. Vanguard Group Inc. lifted its holdings in shares of Advanced Micro Devices by 36.9% in the 1st quarter. Vanguard Group Inc. now owns 133,525,143 shares of the semiconductor manufacturer’s stock worth $14,599,640,000 after buying an additional 36,016,818 shares during the period. BlackRock Inc. lifted its stake in shares of Advanced Micro Devices by 34.6% during the 1st quarter. BlackRock Inc. now owns 119,569,366 shares of the semiconductor manufacturer’s stock worth $13,073,716,000 after purchasing an additional 30,732,205 shares during the last quarter. State Street Corp lifted its stake in shares of Advanced Micro Devices by 37.5% during the 1st quarter. State Street Corp now owns 65,577,025 shares of the semiconductor manufacturer’s stock worth $7,170,192,000 after purchasing an additional 17,896,122 shares during the last quarter. Norges Bank purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $1,423,132,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter worth $777,111,000. 65.45% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Citigroup decreased their price objective on Advanced Micro Devices from $110.00 to $96.00 and set a “neutral” rating for the company in a research note on Wednesday, August 3rd. Susquehanna decreased their price objective on Advanced Micro Devices from $140.00 to $120.00 and set a “positive” rating for the company in a research note on Wednesday, July 13th. Morgan Stanley decreased their price target on Advanced Micro Devices from $103.00 to $101.00 and set an “overweight” rating for the company in a research note on Tuesday, August 2nd. UBS Group increased their price target on Advanced Micro Devices from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, August 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $112.00 price target (up from $99.00) on shares of Advanced Micro Devices in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.80.
Insiders Place Their Bets
Advanced Micro Devices Stock Up 0.5 %
Advanced Micro Devices stock opened at $77.45 on Thursday. The firm has a market cap of $125.03 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52 week low of $71.60 and a 52 week high of $164.46. The business’s 50-day moving average price is $89.14 and its 200 day moving average price is $95.02. The company has a quick ratio of 1.96, a current ratio of 2.44 and a debt-to-equity ratio of 0.04.
Advanced Micro Devices (NASDAQ:AMD – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.52 billion. Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. During the same quarter in the prior year, the company posted $0.58 EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current year.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.
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