Bogart Wealth LLC Acquires 600 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bogart Wealth LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.6% during the 3rd quarter, Holdings Channel reports. The fund owned 2,857 shares of the semiconductor manufacturer’s stock after buying an additional 600 shares during the period. Bogart Wealth LLC’s holdings in Advanced Micro Devices were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AMD. International Assets Investment Management LLC grew its holdings in Advanced Micro Devices by 17,137.3% during the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock valued at $1,289,818,000 after purchasing an additional 7,815,305 shares during the period. Van ECK Associates Corp increased its holdings in Advanced Micro Devices by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after acquiring an additional 2,979,204 shares in the last quarter. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after acquiring an additional 2,349,288 shares during the period. Renaissance Technologies LLC purchased a new position in Advanced Micro Devices during the second quarter valued at approximately $296,178,000. Finally, Swedbank AB bought a new position in shares of Advanced Micro Devices in the first quarter worth approximately $290,842,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $153.44 on Friday. 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 stock’s fifty day moving average is $154.79 and its two-hundred day moving average is $156.43. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a market capitalization of $248.01 billion, a PE ratio of 225.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on AMD. Robert W. Baird lowered their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company increased 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. Susquehanna reissued a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Truist Financial cut their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. Finally, Citigroup upped their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $195.00.

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.