Patriot Financial Group Insurance Agency LLC Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,809 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,235 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Advanced Micro Devices were worth $2,266,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Tradewinds Capital Management LLC grew its stake in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares during the last quarter. Semmax Financial Advisors Inc. lifted its stake in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 139 shares during the period. ZRC Wealth Management LLC boosted its holdings 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 worth $26,000 after buying an additional 75 shares during the last quarter. Fairway Wealth LLC bought a new stake in Advanced Micro Devices during the second quarter valued at approximately $27,000. Finally, Morton Brown Family Wealth LLC increased its holdings in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 85 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMD. Wedbush reissued an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Monday. Citigroup boosted their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Wells Fargo & Company boosted their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Stock Up 1.6 %

Shares of NASDAQ AMD traded up $2.45 during mid-day trading on Monday, reaching $158.68. 14,992,372 shares of the company were exchanged, compared to its average volume of 56,539,301. Advanced Micro Devices, Inc. has a 1 year low of $94.07 and a 1 year high of $227.30. The firm has a 50-day moving average of $155.06 and a 200 day moving average of $156.13. The stock has a market cap of $256.48 billion, a price-to-earnings ratio of 234.41, a P/E/G ratio of 2.33 and a beta of 1.70. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced 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 net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the firm earned $0.40 earnings per share. Advanced Micro Devices’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts expect 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.