Ariston Services Group Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ariston Services Group purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,295 shares of the semiconductor manufacturer’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC lifted 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 acquiring an additional 71 shares during the last quarter. ZRC Wealth Management LLC boosted its stake in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Morton Brown Family Wealth LLC grew its holdings in Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 85 shares in the last quarter. Fairway Wealth LLC bought a new stake in Advanced Micro Devices in the 2nd quarter valued at about $27,000. Finally, Semmax Financial Advisors Inc. raised its holdings in Advanced Micro Devices by 926.7% in the 1st 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 in the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research analyst reports. TD Cowen lowered their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday. Truist Financial reduced their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Barclays lowered their price objective on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Citigroup increased their price target on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Edward Jones assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. One 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $193.83.

Advanced Micro Devices Trading Down 8.8 %

Shares of NASDAQ:AMD traded down $14.57 on Wednesday, hitting $151.68. The company had a trading volume of 19,493,914 shares, compared to its average volume of 56,536,105. Advanced Micro Devices, Inc. has a 1 year low of $94.07 and a 1 year high of $227.30. The firm has a market capitalization of $245.16 billion, a price-to-earnings ratio of 220.44, a P/E/G ratio of 2.33 and a beta of 1.70. The firm’s 50-day simple moving average is $155.35 and its two-hundred day simple moving average is $156.08. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 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 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal 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.