Sentry Investment Management LLC Has $640,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sentry Investment Management LLC cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 49.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,901 shares of the semiconductor manufacturer’s stock after selling 3,805 shares during the quarter. Sentry Investment Management LLC’s holdings in Advanced Micro Devices were worth $640,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Advanced Micro Devices by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after buying an additional 116,020 shares during the period. Wesbanco Bank Inc. lifted its holdings in Advanced Micro Devices by 15.7% in the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock valued at $25,524,000 after buying an additional 21,132 shares during the period. St. Louis Financial Planners Asset Management LLC bought a new stake in Advanced Micro Devices during the third quarter valued at $2,394,000. RWQ Financial Management Services Inc. acquired a new stake in Advanced Micro Devices during the 3rd quarter worth about $26,476,000. Finally, Sycomore Asset Management lifted its stake in shares of Advanced Micro Devices by 28.6% in the 2nd quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock valued at $21,722,000 after purchasing an additional 30,677 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $140.71 on Tuesday. The firm’s 50-day simple moving average is $154.57 and its two-hundred day simple moving average is $155.67. The company has a market cap of $228.35 billion, a PE ratio of 126.77, a price-to-earnings-growth ratio of 1.96 and a beta of 1.71. Advanced Micro Devices, Inc. has a 52 week low of $110.22 and a 52 week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. Research analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Piper Sandler reiterated an “overweight” rating and issued a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. UBS Group dropped their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Evercore ISI upped their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Truist Financial reduced 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price 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.