VitalStone Financial LLC Has $804,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

VitalStone Financial LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 36.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,899 shares of the semiconductor manufacturer’s stock after buying an additional 1,319 shares during the period. VitalStone Financial LLC’s holdings in Advanced Micro Devices were worth $804,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. boosted its stake in Advanced Micro Devices by 79.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 552 shares of the semiconductor manufacturer’s stock valued at $81,000 after acquiring an additional 244 shares during the last quarter. Scarborough Advisors LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $42,000. Northwest Bank & Trust Co bought a new position in Advanced Micro Devices during the fourth quarter worth about $28,000. Tucker Asset Management LLC grew its position in shares of Advanced Micro Devices by 32.1% during the 4th quarter. Tucker Asset Management LLC now owns 453 shares of the semiconductor manufacturer’s stock worth $67,000 after buying an additional 110 shares during the period. Finally, SageView Advisory Group LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $1,207,000. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMD. Truist Financial decreased their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company 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 restated an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Monday, October 7th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $168.60 on Monday. 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 firm has a market cap of $272.51 billion, a price-to-earnings ratio of 246.90, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The firm’s 50-day simple moving average is $151.34 and its 200 day simple moving average is $157.42.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 during 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 revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. As a group, sell-side analysts predict 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.