Sequoia Financial Advisors LLC Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sequoia Financial Advisors LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,216 shares of the semiconductor manufacturer’s stock after buying an additional 3,988 shares during the period. Sequoia Financial Advisors LLC’s holdings in Advanced Micro Devices were worth $9,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in shares of 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 purchasing an additional 2,979,204 shares during the period. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after purchasing an additional 2,349,288 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $296,178,000. Swedbank AB purchased a new stake in shares of Advanced Micro Devices in the 1st quarter worth approximately $290,842,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Advanced Micro Devices by 29.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,923,710 shares of the semiconductor manufacturer’s stock worth $960,885,000 after acquiring an additional 1,331,165 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMD shares. Citigroup boosted their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Susquehanna restated a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Barclays cut their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $154.09 on Wednesday. The company’s 50-day moving average price is $154.54 and its 200-day moving average price is $156.45. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The company has a market cap of $249.06 billion, a P/E ratio of 226.60, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its 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. The company had revenue of $5.84 billion for 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%. Advanced Micro Devices’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.