Heartland Bank & Trust Co Lowers Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Heartland Bank & Trust Co trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,240 shares of the semiconductor manufacturer’s stock after selling 181 shares during the period. Advanced Micro Devices comprises 0.6% of Heartland Bank & Trust Co’s investment portfolio, making the stock its 26th biggest position. Heartland Bank & Trust Co’s holdings in Advanced Micro Devices were worth $1,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its stake in shares of Advanced Micro Devices by 15.0% in the first quarter. Sound Income Strategies LLC now owns 582 shares of the semiconductor manufacturer’s stock valued at $105,000 after buying an additional 76 shares during the period. Sovereign Financial Group Inc. lifted its holdings in Advanced Micro Devices by 30.7% during the first quarter. Sovereign Financial Group Inc. now owns 3,165 shares of the semiconductor manufacturer’s stock valued at $571,000 after purchasing an additional 744 shares during the last quarter. DGS Capital Management LLC boosted its position in Advanced Micro Devices by 88.1% during the first quarter. DGS Capital Management LLC now owns 2,826 shares of the semiconductor manufacturer’s stock worth $510,000 after purchasing an additional 1,324 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of Advanced Micro Devices by 53.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 19,382 shares of the semiconductor manufacturer’s stock worth $3,498,000 after purchasing an additional 6,718 shares in the last quarter. Finally, Janiczek Wealth Management LLC raised its position in shares of Advanced Micro Devices by 30.3% in the first quarter. Janiczek Wealth Management LLC now owns 1,494 shares of the semiconductor manufacturer’s stock valued at $270,000 after purchasing an additional 347 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 0.8 %

Shares of AMD opened at $152.91 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $154.79 and its 200-day moving average price is $156.43. The firm has a market capitalization of $247.15 billion, a price-to-earnings ratio of 224.87, a PEG ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Edward Jones began coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Monday, October 7th. Susquehanna reaffirmed a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Piper Sandler increased their price target on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.