Hofer & Associates. Inc Has $265,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hofer & Associates. Inc lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,618 shares of the semiconductor manufacturer’s stock after purchasing an additional 104 shares during the quarter. Hofer & Associates. Inc’s holdings in Advanced Micro Devices were worth $265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Advanced Micro Devices by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after buying an additional 2,979,204 shares during the period. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 1.6% in 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. Renaissance Technologies LLC bought a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $296,178,000. Swedbank AB acquired a new stake in Advanced Micro Devices during the 1st quarter valued at $290,842,000. Finally, Assenagon Asset Management S.A. grew its holdings in Advanced Micro Devices by 29.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,923,710 shares of the semiconductor manufacturer’s stock worth $960,885,000 after acquiring an additional 1,331,165 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley increased their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Robert W. Baird lowered their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Susquehanna restated a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Roth Mkm reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. One equities 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Advanced Micro Devices Trading Down 2.6 %

AMD stock traded down $4.11 during trading on Tuesday, hitting $153.79. The company had a trading volume of 26,088,088 shares, compared to its average volume of 57,144,813. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The business has a 50-day moving average of $154.28 and a 200-day moving average of $156.57. The stock has a market cap of $248.57 billion, a PE ratio of 224.71, a PEG ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 earnings per share. Research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.