Childress Capital Advisors LLC Acquires 280 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Childress Capital Advisors LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,971 shares of the semiconductor manufacturer’s stock after purchasing an additional 280 shares during the period. Childress Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $980,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Lodestar Private Asset Management LLC grew its position in Advanced Micro Devices by 23.7% during the 3rd quarter. Lodestar Private Asset Management LLC now owns 3,186 shares of the semiconductor manufacturer’s stock worth $523,000 after acquiring an additional 611 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its stake in shares of Advanced Micro Devices by 41.8% during the third quarter. Vanguard Capital Wealth Advisors now owns 3,575 shares of the semiconductor manufacturer’s stock valued at $587,000 after purchasing an additional 1,053 shares during the period. Jacobsen Capital Management grew its holdings in shares of Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after purchasing an additional 70 shares during the last quarter. Fidelis Capital Partners LLC increased its stake in shares of Advanced Micro Devices by 1.7% in the third quarter. Fidelis Capital Partners LLC now owns 24,701 shares of the semiconductor manufacturer’s stock worth $3,777,000 after buying an additional 401 shares during the period. Finally, Bay Rivers Group raised its holdings in Advanced Micro Devices by 2.3% during the 3rd quarter. Bay Rivers Group now owns 25,965 shares of the semiconductor manufacturer’s stock valued at $4,260,000 after buying an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 4.0 %

NASDAQ:AMD opened at $166.25 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The firm has a market cap of $268.71 billion, a P/E ratio of 244.49, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a fifty-two week low of $94.07 and a fifty-two week high of $227.30. The firm has a 50-day simple moving average of $155.35 and a two-hundred day simple moving average of $156.08.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Monday. Piper Sandler raised their target price on Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Barclays lowered their price target on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Truist Financial reduced their target price on 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $194.14.

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.