US Bancorp DE Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

US Bancorp DE grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,099,495 shares of the semiconductor manufacturer’s stock after purchasing an additional 127,292 shares during the quarter. US Bancorp DE owned approximately 0.07% of Advanced Micro Devices worth $180,405,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AMD. International Assets Investment Management LLC lifted its holdings in Advanced Micro Devices by 17,137.3% in the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock worth $1,289,818,000 after buying an additional 7,815,305 shares during the period. Van ECK Associates Corp lifted its stake in Advanced Micro Devices by 52.6% in the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after acquiring an additional 2,979,204 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Advanced Micro Devices by 42.2% in the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock valued at $1,381,679,000 after acquiring an additional 2,497,056 shares in the last quarter. Vanguard Group Inc. increased its position in Advanced Micro Devices by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock valued at $26,133,989,000 after purchasing an additional 2,349,288 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Advanced Micro Devices in the 2nd quarter worth $296,178,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $3.34 on Thursday, hitting $145.26. The stock had a trading volume of 15,951,283 shares, compared to its average volume of 56,667,020. The business’s 50-day simple moving average is $155.17 and its two-hundred day simple moving average is $156.03. The stock has a market cap of $234.79 billion, a price-to-earnings ratio of 212.35, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 52-week low of $94.07 and a 52-week high of $227.30. 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 announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the business posted $0.53 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Analysts Set New Price Targets

AMD has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating and issued a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday. Susquehanna reissued a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. KeyCorp decreased their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

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.