Frank Rimerman Advisors LLC Sells 3,113 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Frank Rimerman Advisors LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,476 shares of the semiconductor manufacturer’s stock after selling 3,113 shares during the period. Frank Rimerman Advisors LLC’s holdings in Advanced Micro Devices were worth $5,493,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMD. Tradewinds Capital Management LLC boosted its position in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares in the last quarter. ZRC Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 90.4% during the 3rd 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 in the last quarter. Morton Brown Family Wealth LLC grew its position in Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the last quarter. Fairway Wealth LLC bought a new position in Advanced Micro Devices in the second quarter valued at about $27,000. Finally, Semmax Financial Advisors Inc. raised its position in 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 purchasing an additional 139 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.8 %

Shares of NASDAQ:AMD opened at $156.23 on Friday. The firm has a fifty day moving average price of $155.06 and a two-hundred day moving average price of $156.21. The company has a market cap of $252.52 billion, a price-to-earnings ratio of 229.75, a PEG ratio of 2.33 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMD. Citigroup upped their price objective on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. KeyCorp reduced their price objective on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 7th. Finally, Robert W. Baird decreased their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.