Joel Isaacson & Co. LLC Has $573,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Joel Isaacson & Co. LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,492 shares of the semiconductor manufacturer’s stock after buying an additional 248 shares during the period. Joel Isaacson & Co. LLC’s holdings in Advanced Micro Devices were worth $573,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMD. Legacy Wealth Asset Management LLC lifted its holdings in Advanced Micro Devices by 0.6% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 14,839 shares of the semiconductor manufacturer’s stock worth $2,435,000 after buying an additional 88 shares in the last quarter. Sigma Investment Counselors Inc. boosted its holdings in Advanced Micro Devices by 5.3% in the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $243,000 after acquiring an additional 74 shares during the last quarter. Mediolanum International Funds Ltd increased its position in Advanced Micro Devices by 2.7% in the third quarter. Mediolanum International Funds Ltd now owns 196,770 shares of the semiconductor manufacturer’s stock worth $32,286,000 after purchasing an additional 5,139 shares during the period. Lake Street Advisors Group LLC raised its holdings in Advanced Micro Devices by 5.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 13,962 shares of the semiconductor manufacturer’s stock worth $2,291,000 after purchasing an additional 698 shares during the last quarter. Finally, Hudock Inc. lifted its position in Advanced Micro Devices by 3.9% during the 3rd quarter. Hudock Inc. now owns 3,253 shares of the semiconductor manufacturer’s stock valued at $534,000 after purchasing an additional 122 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMD shares. Edward Jones started coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating for the company. BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price target 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. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 7th. One research 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’s stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $156.23 on Friday. The stock’s 50-day simple moving average is $155.06 and its 200 day simple moving average is $156.21. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week 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 company has a market cap 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 released 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 company 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 for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal 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.