Sterling Investment Advisors Ltd. Buys 270 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sterling Investment Advisors Ltd. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,289 shares of the semiconductor manufacturer’s stock after acquiring an additional 270 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Advanced Micro Devices were worth $868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Advanced Micro Devices by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after buying an additional 116,020 shares during the last quarter. Chapin Davis Inc. raised its holdings in shares of Advanced Micro Devices by 613.4% during the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock valued at $2,213,000 after acquiring an additional 10,544 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in Advanced Micro Devices by 15.7% in the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock worth $25,524,000 after acquiring an additional 21,132 shares during the period. St. Louis Financial Planners Asset Management LLC bought a new stake in Advanced Micro Devices in the third quarter valued at $2,394,000. Finally, Sycomore Asset Management increased its position in Advanced Micro Devices by 28.6% during the 2nd quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock valued at $21,722,000 after purchasing an additional 30,677 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD traded up $2.79 during trading on Friday, hitting $156.23. The company’s stock had a trading volume of 29,758,489 shares, compared to its average volume of 56,739,516. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The business’s 50 day simple moving average is $155.06 and its 200-day simple moving average is $156.21. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The firm has a market cap of $252.52 billion, a PE ratio of 229.75, a P/E/G ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last released its 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 return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the business earned $0.40 earnings per share. Advanced Micro Devices’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict 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 commented on AMD. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 7th. Citigroup lifted their price objective on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Wells Fargo & Company raised their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. One investment 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 company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price 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.