Dakota Wealth Management Has $1.26 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Dakota Wealth Management trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,685 shares of the semiconductor manufacturer’s stock after selling 2,428 shares during the period. Dakota Wealth Management’s holdings in Advanced Micro Devices were worth $1,261,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Advanced Micro Devices by 1.6% in the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock valued at $26,133,989,000 after acquiring an additional 2,349,288 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Advanced Micro Devices by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock valued at $2,159,039,000 after purchasing an additional 188,580 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Advanced Micro Devices by 52.6% during 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 buying an additional 2,979,204 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Advanced Micro Devices by 42.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock worth $1,381,679,000 after buying an additional 2,497,056 shares during the last quarter. Finally, GQG Partners LLC boosted its stake in Advanced Micro Devices by 5.0% in the first quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer’s stock valued at $1,451,945,000 after buying an additional 382,582 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMD has been the subject of several research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Robert W. Baird dropped their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Susquehanna restated a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research 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. Finally, Citigroup increased their price target on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $156.23 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. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a fifty day moving average of $155.06 and a 200-day moving average of $156.31. The firm has a market capitalization of $252.52 billion, a P/E ratio of 229.75, a P/E/G 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 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

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.