Saxony Capital Management LLC Has $533,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Saxony Capital Management LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,249 shares of the semiconductor manufacturer’s stock after purchasing an additional 718 shares during the quarter. Saxony Capital Management LLC’s holdings in Advanced Micro Devices were worth $533,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of AMD. Annex Advisory Services LLC bought a new position in Advanced Micro Devices in the 1st quarter valued at $201,000. Sound Income Strategies LLC boosted its stake in Advanced Micro Devices by 15.0% during the first quarter. Sound Income Strategies LLC now owns 582 shares of the semiconductor manufacturer’s stock worth $105,000 after acquiring an additional 76 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Advanced Micro Devices by 15.3% in the first quarter. Sunbelt Securities Inc. now owns 6,169 shares of the semiconductor manufacturer’s stock worth $1,113,000 after buying an additional 818 shares during the last quarter. Sovereign Financial Group Inc. raised its holdings in Advanced Micro Devices by 30.7% in the first quarter. Sovereign Financial Group Inc. now owns 3,165 shares of the semiconductor manufacturer’s stock worth $571,000 after buying an additional 744 shares during the last quarter. Finally, TrueMark Investments LLC raised its holdings in Advanced Micro Devices by 13.5% in the first quarter. TrueMark Investments LLC now owns 15,478 shares of the semiconductor manufacturer’s stock worth $2,794,000 after buying an additional 1,846 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research reports. Roth Mkm reissued a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. Piper Sandler upped their price target on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $154.09 on Wednesday. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The business has a fifty day moving average of $154.54 and a two-hundred day moving average of $156.45. The company has a market cap of $249.06 billion, a P/E ratio of 226.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly 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. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.