Tandem Capital Management Corp ADV Has $404,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tandem Capital Management Corp ADV reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,465 shares of the semiconductor manufacturer’s stock after selling 100 shares during the period. Tandem Capital Management Corp ADV’s holdings in Advanced Micro Devices were worth $404,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMD. Cherrydale Wealth Management LLC boosted its stake in Advanced Micro Devices by 4.7% during the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after acquiring an additional 58 shares in the last quarter. Christopher J. Hasenberg Inc boosted its position in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after purchasing an additional 60 shares in the last quarter. Delta Financial Group Inc. grew its stake in shares of Advanced Micro Devices by 5.0% in the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after buying an additional 63 shares during the period. Trivant Custom Portfolio Group LLC increased its position in Advanced Micro Devices by 0.3% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock valued at $3,995,000 after buying an additional 65 shares in the last quarter. Finally, Wealth Effects LLC boosted its holdings in Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after acquiring an additional 65 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $148.60 on Thursday. The firm’s 50 day moving average is $155.17 and its 200 day moving average is $156.03. The stock has a market capitalization of $240.18 billion, a P/E ratio of 218.53, a PEG ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 12 month low of $94.07 and a 12 month high of $227.30. 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 (NASDAQ:AMD) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AMD shares. Morgan Stanley lowered their target price on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Wednesday. KeyCorp reduced their price objective on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. UBS Group lowered 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 report on Wednesday. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, Citigroup decreased their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday. One 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 assigned a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

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.