Silver Coast Investments LLC Invests $236,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Silver Coast Investments LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,439 shares of the semiconductor manufacturer’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hennion & Walsh Asset Management Inc. purchased a new stake in Advanced Micro Devices during the first quarter valued at approximately $264,000. FORVIS Wealth Advisors LLC raised its holdings in Advanced Micro Devices by 37.1% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 5,029 shares of the semiconductor manufacturer’s stock worth $908,000 after purchasing an additional 1,361 shares during the period. Norden Group LLC grew its holdings in Advanced Micro Devices by 41.1% during the first quarter. Norden Group LLC now owns 5,752 shares of the semiconductor manufacturer’s stock valued at $1,038,000 after purchasing an additional 1,675 shares during the period. Prosperity Consulting Group LLC increased its position in Advanced Micro Devices by 160.7% in the first quarter. Prosperity Consulting Group LLC now owns 3,650 shares of the semiconductor manufacturer’s stock worth $659,000 after buying an additional 2,250 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Advanced Micro Devices by 50.3% in the first quarter. Blue Trust Inc. now owns 4,134 shares of the semiconductor manufacturer’s stock worth $746,000 after buying an additional 1,383 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday. Robert W. Baird decreased their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Piper Sandler restated an “overweight” rating and issued a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday. UBS Group lowered their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, KeyCorp cut their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Stock Down 0.6 %

Shares of AMD traded down $0.89 during midday trading on Friday, reaching $143.18. The stock had a trading volume of 11,702,756 shares, compared to its average volume of 56,589,055. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 2.01. Advanced Micro Devices, Inc. has a 1-year low of $105.91 and a 1-year high of $227.30. The company has a market cap of $231.73 billion, a price-to-earnings ratio of 129.79, a PEG ratio of 2.03 and a beta of 1.70. The company’s fifty day simple moving average is $155.01 and its two-hundred day simple moving average is $155.94.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the company posted $0.53 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current 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.