Avitas Wealth Management LLC Lowers Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Avitas Wealth Management LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,390 shares of the semiconductor manufacturer’s stock after selling 1,740 shares during the quarter. Advanced Micro Devices accounts for 1.0% of Avitas Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position. Avitas Wealth Management LLC’s holdings in Advanced Micro Devices were worth $6,955,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AMD. Childress Capital Advisors LLC raised its position in shares of Advanced Micro Devices by 4.9% during the 3rd quarter. Childress Capital Advisors LLC now owns 5,971 shares of the semiconductor manufacturer’s stock worth $980,000 after purchasing an additional 280 shares during the last quarter. Lodestar Private Asset Management LLC increased its stake in Advanced Micro Devices by 23.7% during the 3rd quarter. Lodestar Private Asset Management LLC now owns 3,186 shares of the semiconductor manufacturer’s stock worth $523,000 after buying an additional 611 shares in the last quarter. Vanguard Capital Wealth Advisors raised its holdings in shares of Advanced Micro Devices by 41.8% during the third quarter. Vanguard Capital Wealth Advisors now owns 3,575 shares of the semiconductor manufacturer’s stock valued at $587,000 after acquiring an additional 1,053 shares during the last quarter. Jacobsen Capital Management lifted its position in shares of Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock valued at $554,000 after acquiring an additional 70 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in shares of Advanced Micro Devices by 1.7% in the third quarter. Fidelis Capital Partners LLC now owns 24,701 shares of the semiconductor manufacturer’s stock worth $3,777,000 after acquiring an additional 401 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Up 4.0 %

Shares of AMD stock opened at $166.25 on Wednesday. The stock has a market capitalization of $268.71 billion, a P/E ratio of 244.49, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a fifty-two week low of $94.07 and a fifty-two week high of $227.30. 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 company has a 50 day moving average price of $155.35 and a 200 day moving average price of $156.08.

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 analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $5.84 billion for 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 was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research reports. Susquehanna restated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Roth Mkm reissued a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Citigroup upped their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Bank of America restated a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Finally, Robert W. Baird cut their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.14.

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.