Shepherd Financial Partners LLC Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Shepherd Financial Partners LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 31.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,154 shares of the semiconductor manufacturer’s stock after selling 4,109 shares during the period. Shepherd Financial Partners LLC’s holdings in Advanced Micro Devices were worth $1,502,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. WT Asset Management Ltd purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at $28,140,000. Silver Coast Investments LLC bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $236,000. Nadler Financial Group Inc. lifted its holdings in shares of Advanced Micro Devices by 2.7% during the 3rd quarter. Nadler Financial Group Inc. now owns 3,416 shares of the semiconductor manufacturer’s stock worth $560,000 after acquiring an additional 90 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Advanced Micro Devices by 4.4% during the 3rd quarter. New York State Common Retirement Fund now owns 2,417,645 shares of the semiconductor manufacturer’s stock worth $396,687,000 after acquiring an additional 102,505 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in shares of Advanced Micro Devices by 24.6% during the 3rd quarter. Focus Financial Network Inc. now owns 10,463 shares of the semiconductor manufacturer’s stock worth $1,717,000 after acquiring an additional 2,066 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 0.7 %

Shares of AMD stock traded down $0.98 during trading hours on Friday, reaching $143.09. 17,304,354 shares of the stock were exchanged, compared to its average volume of 56,611,391. Advanced Micro Devices, Inc. has a 12-month low of $105.91 and a 12-month high of $227.30. The company has a current ratio of 2.50, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $155.01 and its 200-day moving average price is $155.94. The firm has a market capitalization of $231.59 billion, a price-to-earnings ratio of 128.99, a price-to-earnings-growth ratio of 2.03 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AMD shares. Roth Mkm restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Barclays cut their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday. Bank of America restated a “buy” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 3rd. TD Cowen dropped their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices 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.