Cullen Investment Group LTD. Has $2.92 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cullen Investment Group LTD. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,807 shares of the semiconductor manufacturer’s stock after buying an additional 1,194 shares during the period. Cullen Investment Group LTD.’s holdings in Advanced Micro Devices were worth $2,922,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC raised its position in shares of Advanced Micro Devices by 18.7% during the third quarter. Quent Capital LLC now owns 10,091 shares of the semiconductor manufacturer’s stock worth $1,656,000 after purchasing an additional 1,591 shares during the period. Mirador Capital Partners LP increased its stake in Advanced Micro Devices by 2.0% during the 3rd quarter. Mirador Capital Partners LP now owns 25,563 shares of the semiconductor manufacturer’s stock valued at $4,194,000 after purchasing an additional 512 shares in the last quarter. HBW Advisory Services LLC raised its holdings in Advanced Micro Devices by 15.2% during the third quarter. HBW Advisory Services LLC now owns 3,109 shares of the semiconductor manufacturer’s stock worth $510,000 after buying an additional 410 shares during the last quarter. Duncan Williams Asset Management LLC lifted its stake in shares of Advanced Micro Devices by 8.7% in the third quarter. Duncan Williams Asset Management LLC now owns 3,287 shares of the semiconductor manufacturer’s stock valued at $539,000 after buying an additional 264 shares in the last quarter. Finally, Abacus Wealth Partners LLC grew its holdings in shares of Advanced Micro Devices by 3.5% during the third quarter. Abacus Wealth Partners LLC now owns 4,821 shares of the semiconductor manufacturer’s stock valued at $791,000 after buying an additional 162 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

AMD stock traded up $8.05 during mid-day trading on Friday, hitting $170.90. 44,640,296 shares of the stock were exchanged, compared to its average volume of 58,411,141. The business has a fifty day moving average price of $148.16 and a 200 day moving average price of $158.07. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The stock has a market capitalization of $276.23 billion, a price-to-earnings ratio of 251.32, a PEG ratio of 2.14 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The business 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%. Advanced Micro Devices’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMD shares. Barclays lowered their target price on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company upped their target price on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.45.

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.