Boyd Watterson Asset Management LLC OH Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Boyd Watterson Asset Management LLC OH lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 47.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,071 shares of the semiconductor manufacturer’s stock after selling 2,772 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Advanced Micro Devices were worth $504,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMD. Sound Income Strategies LLC lifted its stake in shares of Advanced Micro Devices by 15.0% in the 1st quarter. Sound Income Strategies LLC now owns 582 shares of the semiconductor manufacturer’s stock worth $105,000 after purchasing an additional 76 shares during the period. Sovereign Financial Group Inc. raised its position in Advanced Micro Devices by 30.7% in the first quarter. Sovereign Financial Group Inc. now owns 3,165 shares of the semiconductor manufacturer’s stock worth $571,000 after acquiring an additional 744 shares during the period. DGS Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 88.1% during the 1st quarter. DGS Capital Management LLC now owns 2,826 shares of the semiconductor manufacturer’s stock worth $510,000 after acquiring an additional 1,324 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Advanced Micro Devices by 53.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 19,382 shares of the semiconductor manufacturer’s stock valued at $3,498,000 after acquiring an additional 6,718 shares during the period. Finally, Janiczek Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 30.3% in the 1st quarter. Janiczek Wealth Management LLC now owns 1,494 shares of the semiconductor manufacturer’s stock worth $270,000 after purchasing an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AMD. Morgan Stanley increased their target price on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Citigroup lifted their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Barclays decreased their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Robert W. Baird dropped their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Advanced Micro Devices Price Performance

AMD opened at $152.91 on Thursday. The company has a market capitalization of $247.15 billion, a price-to-earnings ratio of 224.87, a PEG ratio of 2.33 and a beta of 1.70. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The business’s fifty day simple moving average is $154.79 and its 200-day simple moving average is $156.43.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the business earned $0.40 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

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.