Vanguard Capital Wealth Advisors Has $587,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vanguard Capital Wealth Advisors increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,575 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,053 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Advanced Micro Devices were worth $587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Advanced Micro Devices during the first quarter worth approximately $264,000. Congress Wealth Management LLC DE lifted its holdings in shares of Advanced Micro Devices by 30.8% during the first quarter. Congress Wealth Management LLC DE now owns 16,737 shares of the semiconductor manufacturer’s stock worth $3,021,000 after buying an additional 3,945 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in shares of Advanced Micro Devices by 9.8% during the first quarter. Azzad Asset Management Inc. ADV now owns 10,898 shares of the semiconductor manufacturer’s stock worth $1,967,000 after buying an additional 970 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Finally, Valley National Advisers Inc. raised its stake in shares of Advanced Micro Devices by 83.5% in the first quarter. Valley National Advisers Inc. now owns 2,097 shares of the semiconductor manufacturer’s stock valued at $378,000 after purchasing an additional 954 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $166.25 on Wednesday. The business’s 50-day simple moving average is $155.35 and its 200 day simple moving average is $156.08. The stock has a market cap of $268.71 billion, a price-to-earnings 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 company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

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 analysts’ expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent research reports. Wells Fargo & Company upped their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Piper Sandler upped their target price on Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Edward Jones initiated coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating for the company. Susquehanna restated a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.00.

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.