Wright Investors Service Inc. Has $1.27 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wright Investors Service Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,727 shares of the semiconductor manufacturer’s stock after buying an additional 128 shares during the period. Wright Investors Service Inc.’s holdings in Advanced Micro Devices were worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. 1832 Asset Management L.P. increased its holdings in shares of Advanced Micro Devices by 0.5% in the fourth quarter. 1832 Asset Management L.P. now owns 80,366 shares of the semiconductor manufacturer’s stock valued at $11,847,000 after purchasing an additional 424 shares during the last quarter. Exencial Wealth Advisors LLC increased its holdings in shares of Advanced Micro Devices by 4.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 7,472 shares of the semiconductor manufacturer’s stock valued at $1,101,000 after purchasing an additional 292 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of Advanced Micro Devices by 23.3% in the fourth quarter. Stephens Inc. AR now owns 30,096 shares of the semiconductor manufacturer’s stock valued at $4,436,000 after purchasing an additional 5,685 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Advanced Micro Devices by 3.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 875,981 shares of the semiconductor manufacturer’s stock valued at $129,128,000 after purchasing an additional 30,534 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its holdings in shares of Advanced Micro Devices by 261.3% in the fourth quarter. Morningstar Investment Services LLC now owns 7,536 shares of the semiconductor manufacturer’s stock valued at $1,121,000 after purchasing an additional 5,450 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the topic of several research reports. KeyCorp decreased their price target 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. Wells Fargo & Company upped their price target on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Edward Jones initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Truist Financial decreased their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Trading Up 4.9 %

Shares of Advanced Micro Devices stock traded up $8.05 on Friday, hitting $170.90. The stock had a trading volume of 44,640,296 shares, compared to its average volume of 58,411,141. The stock has a 50 day moving average of $148.16 and a 200 day moving average of $157.91. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. 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 firm has a market capitalization of $276.23 billion, a P/E ratio of 251.32, a PEG ratio of 2.14 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly 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. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the business earned $0.40 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Company 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.