Financial Security Advisor Inc. Acquires New Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Financial Security Advisor Inc. bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,266 shares of the semiconductor manufacturer’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Advanced Micro Devices by 59.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after purchasing an additional 116,020 shares in the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of Advanced Micro Devices by 338.8% during the 3rd quarter. Pittenger & Anderson Inc. now owns 47,695 shares of the semiconductor manufacturer’s stock valued at $7,826,000 after buying an additional 36,825 shares in the last quarter. Wesbanco Bank Inc. lifted its position in Advanced Micro Devices by 15.7% in the 3rd quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock worth $25,524,000 after buying an additional 21,132 shares during the last quarter. St. Louis Financial Planners Asset Management LLC purchased a new stake in Advanced Micro Devices in the third quarter worth approximately $2,394,000. Finally, RWQ Financial Management Services Inc. bought a new position in Advanced Micro Devices during the third quarter valued at approximately $26,476,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $141.66 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The firm has a market cap of $229.89 billion, a price-to-earnings ratio of 127.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.71. The business has a 50-day simple moving average of $154.39 and a two-hundred day simple moving average of $155.64. Advanced Micro Devices, Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. TD Cowen decreased their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Edward Jones started coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. KeyCorp lowered their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

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.