IFM Investors Pty Ltd Sells 1,194 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

IFM Investors Pty Ltd trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 333,060 shares of the semiconductor manufacturer’s stock after selling 1,194 shares during the quarter. Advanced Micro Devices accounts for about 0.5% of IFM Investors Pty Ltd’s holdings, making the stock its 29th largest position. IFM Investors Pty Ltd’s holdings in Advanced Micro Devices were worth $54,648,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tradewinds Capital Management LLC grew its position in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares in the last quarter. ZRC Wealth Management LLC raised its position in shares of Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC lifted its holdings in shares of Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the last quarter. Fairway Wealth LLC purchased a new position in Advanced Micro Devices in the second quarter worth $27,000. Finally, Semmax Financial Advisors Inc. increased its stake in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 139 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMD. Citigroup upped their price objective on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Truist Financial cut their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Morgan Stanley increased their price target on shares of 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. Roth Mkm reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Finally, Barclays reduced their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Stock Up 0.0 %

Advanced Micro Devices stock traded up $0.05 on Thursday, hitting $152.96. 12,659,284 shares of the stock traded hands, compared to its average volume of 56,821,391. 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 has a market cap of $247.23 billion, a P/E ratio of 224.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The business’s fifty day simple moving average is $154.79 and its 200 day simple moving average is $156.43. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 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 analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current 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.