Deseret Mutual Benefit Administrators Purchases 116 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Deseret Mutual Benefit Administrators boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 673 shares of the semiconductor manufacturer’s stock after purchasing an additional 116 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Advanced Micro Devices were worth $110,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after buying an additional 588,595 shares during the last quarter. BNC Wealth Management LLC raised its position in Advanced Micro Devices by 4.8% in the third quarter. BNC Wealth Management LLC now owns 44,956 shares of the semiconductor manufacturer’s stock worth $7,376,000 after acquiring an additional 2,072 shares during the period. Walkner Condon Financial Advisors LLC boosted its stake in shares of Advanced Micro Devices by 7.2% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,931 shares of the semiconductor manufacturer’s stock worth $317,000 after acquiring an additional 130 shares during the last quarter. Advisors Management Group Inc. ADV grew its position in shares of Advanced Micro Devices by 21.4% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 36,951 shares of the semiconductor manufacturer’s stock valued at $6,063,000 after acquiring an additional 6,519 shares during the period. Finally, Advisor Resource Council purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $743,000. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on AMD shares. Susquehanna reissued a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Citigroup cut their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Truist Financial decreased their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. UBS Group lowered their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Trading Up 1.4 %

Shares of AMD stock opened at $147.06 on Thursday. The company has a market cap of $238.65 billion, a PE ratio of 130.72, a price-to-earnings-growth ratio of 1.96 and a beta of 1.71. Advanced Micro Devices, Inc. has a 1 year low of $112.88 and a 1 year high of $227.30. The stock’s 50 day simple moving average is $154.36 and its two-hundred day simple moving average is $155.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last released 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 for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current 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.