Boston Financial Mangement LLC Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Boston Financial Mangement LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,654 shares of the semiconductor manufacturer’s stock after buying an additional 80 shares during the quarter. Boston Financial Mangement LLC’s holdings in Advanced Micro Devices were worth $928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Traynor Capital Management Inc. grew its holdings in shares of Advanced Micro Devices by 6.7% during the 3rd quarter. Traynor Capital Management Inc. now owns 56,238 shares of the semiconductor manufacturer’s stock worth $9,227,000 after purchasing an additional 3,554 shares during the period. abrdn plc grew its holdings in shares of Advanced Micro Devices by 12.1% during the 3rd quarter. abrdn plc now owns 1,383,471 shares of the semiconductor manufacturer’s stock worth $226,550,000 after purchasing an additional 149,254 shares during the period. SFE Investment Counsel grew its holdings in shares of Advanced Micro Devices by 10.5% during the 3rd quarter. SFE Investment Counsel now owns 19,026 shares of the semiconductor manufacturer’s stock worth $3,122,000 after purchasing an additional 1,806 shares during the period. Smith Group Asset Management LLC grew its holdings in shares of Advanced Micro Devices by 14.2% during the 3rd quarter. Smith Group Asset Management LLC now owns 3,373 shares of the semiconductor manufacturer’s stock worth $553,000 after purchasing an additional 420 shares during the period. Finally, Worth Financial Advisory Group LLC grew its holdings in shares of Advanced Micro Devices by 6.0% during the 3rd quarter. Worth Financial Advisory Group LLC now owns 1,723 shares of the semiconductor manufacturer’s stock worth $283,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock opened at $166.25 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The firm has a market cap of $268.71 billion, a P/E ratio of 244.49, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 12-month low of $94.07 and a 12-month high of $227.30. The stock’s 50 day simple moving average is $155.35 and its 200 day simple moving average is $156.08.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMD. Citigroup boosted their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Barclays decreased their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Morgan Stanley boosted their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Truist Financial decreased their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. Finally, Susquehanna restated a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.