Grimes & Company Inc. Sells 1,745 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Grimes & Company Inc. trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,832 shares of the semiconductor manufacturer’s stock after selling 1,745 shares during the quarter. Grimes & Company Inc.’s holdings in Advanced Micro Devices were worth $20,811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMD. Tradewinds Capital Management LLC boosted its position in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares during the period. ZRC Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 75 shares during the period. Morton Brown Family Wealth LLC boosted its position in shares of Advanced Micro Devices by 94.4% in 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 during the period. Fairway Wealth LLC bought a new stake in shares of Advanced Micro Devices in the second quarter valued at about $27,000. Finally, Semmax Financial Advisors Inc. boosted its position in shares of Advanced Micro Devices by 926.7% in the first 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 during the period. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMD. Roth Mkm reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. Piper Sandler boosted their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 7th. Susquehanna reissued a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, KeyCorp dropped their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Advanced Micro Devices Trading Up 1.0 %

Shares of NASDAQ:AMD traded up $1.50 during midday trading on Thursday, hitting $154.41. 3,089,826 shares of the stock were exchanged, compared to its average volume of 56,774,938. The stock has a market capitalization of $249.58 billion, a price-to-earnings ratio of 224.87, a P/E/G ratio of 2.33 and a beta of 1.70. 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 business’s 50-day moving average price is $154.79 and its 200 day moving average price is $156.43. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 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 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current 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.