123,041 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Generate Investment Management Ltd

Generate Investment Management Ltd bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 123,041 shares of the semiconductor manufacturer’s stock, valued at approximately $20,189,000. Advanced Micro Devices accounts for about 1.3% of Generate Investment Management Ltd’s holdings, making the stock its 26th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tradewinds Capital Management LLC increased its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares during the last quarter. ZRC Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Morton Brown Family Wealth LLC raised its holdings in shares of Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 85 shares in the last quarter. Fairway Wealth LLC bought a new stake in shares of Advanced Micro Devices during the 2nd quarter worth $27,000. Finally, Semmax Financial Advisors Inc. boosted its stake in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AMD shares. Morgan Stanley raised their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Bank of America restated a “buy” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. Edward Jones started coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. 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 stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Trading Down 0.2 %

NASDAQ AMD opened at $155.97 on Friday. The stock has a market capitalization of $252.10 billion, a P/E ratio of 229.37, a P/E/G ratio of 2.33 and a beta of 1.70. The business has a 50 day simple moving average of $153.86 and a 200 day simple moving average of $156.94. 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, Inc. has a one year low of $93.11 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate 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 company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the firm posted $0.40 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current 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.