Capital Investment Counsel Inc Raises Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Investment Counsel Inc lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,980 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,003 shares during the quarter. Capital Investment Counsel Inc’s holdings in Advanced Micro Devices were worth $4,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its stake in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares in the last quarter. ZRC Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 75 shares during the last quarter. Morton Brown Family Wealth LLC increased its position in shares of Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 85 shares in the last quarter. Fairway Wealth LLC purchased a new position in Advanced Micro Devices in the 2nd quarter worth approximately $27,000. Finally, Semmax Financial Advisors Inc. lifted its position in Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 139 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

AMD stock opened at $152.91 on Thursday. The company has a market capitalization of $247.15 billion, a PE ratio of 224.87, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The company’s fifty day moving average price is $154.79 and its 200-day moving average price is $156.43. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year 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.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on AMD shares. 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. Bank of America restated a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Truist Financial cut their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Robert W. Baird decreased their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Finally, TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Advanced Micro Devices Company 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.