Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,670 shares of the semiconductor manufacturer’s stock after selling 349 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Advanced Micro Devices were worth $1,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMD. Horizon Bancorp Inc. IN lifted its position in Advanced Micro Devices by 233.4% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 1,287 shares of the semiconductor manufacturer’s stock worth $211,000 after acquiring an additional 901 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of Advanced Micro Devices by 3.3% in the third quarter. NorthCrest Asset Manangement LLC now owns 147,341 shares of the semiconductor manufacturer’s stock worth $24,176,000 after purchasing an additional 4,774 shares during the last quarter. Forsta AP Fonden raised its stake in shares of Advanced Micro Devices by 9.8% in the third quarter. Forsta AP Fonden now owns 406,161 shares of the semiconductor manufacturer’s stock worth $66,643,000 after purchasing an additional 36,300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Advanced Micro Devices by 25.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,734,799 shares of the semiconductor manufacturer’s stock worth $283,950,000 after purchasing an additional 356,327 shares during the period. Finally, Osborne Partners Capital Management LLC boosted its position in Advanced Micro Devices by 1.8% in the third quarter. Osborne Partners Capital Management LLC now owns 91,722 shares of the semiconductor manufacturer’s stock valued at $15,050,000 after buying an additional 1,581 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $156.23 on Monday. The stock has a market capitalization of $252.52 billion, a P/E ratio of 229.75, a PEG ratio of 2.33 and a beta of 1.70. The business has a 50 day simple moving average of $155.06 and a two-hundred day simple moving average of $156.13. 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.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS 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 return on equity of 5.98% and a net margin of 5.82%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMD. Morgan Stanley raised their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Bank of America reaffirmed a “buy” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 7th. Finally, Citigroup raised their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.