Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Invictus Private Wealth LLC

Invictus Private Wealth LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 93.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,472 shares of the semiconductor manufacturer’s stock after acquiring an additional 25,333 shares during the period. Advanced Micro Devices makes up 0.7% of Invictus Private Wealth LLC’s portfolio, making the stock its 25th biggest position. Invictus Private Wealth LLC’s holdings in Advanced Micro Devices were worth $8,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock valued at $26,133,989,000 after buying an additional 2,349,288 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Advanced Micro Devices by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock valued at $2,159,039,000 after acquiring an additional 188,580 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Advanced Micro Devices by 11.3% during the 3rd quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer’s stock valued at $1,471,128,000 after acquiring an additional 975,220 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Advanced Micro Devices by 42.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock valued at $1,381,679,000 after buying an additional 2,497,056 shares during the period. Finally, GQG Partners LLC raised its holdings in shares of Advanced Micro Devices by 5.0% during the 1st quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer’s stock valued at $1,451,945,000 after buying an additional 382,582 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMD shares. Susquehanna reiterated a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Citigroup dropped their target price on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Trading Up 0.7 %

NASDAQ:AMD opened at $141.66 on Wednesday. Advanced Micro Devices, Inc. has a 12-month low of $110.22 and a 12-month high of $227.30. The firm has a market capitalization of $229.89 billion, a P/E ratio of 127.62, a P/E/G ratio of 1.96 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The business has a 50 day simple moving average of $154.39 and a 200 day simple moving average of $155.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.53 EPS 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.