Vestor Capital LLC Acquires 100 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vestor Capital LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.7% in the third quarter, Holdings Channel reports. The firm owned 1,392 shares of the semiconductor manufacturer’s stock after buying an additional 100 shares during the quarter. Vestor Capital LLC’s holdings in Advanced Micro Devices were worth $228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Counselors Inc. increased its holdings in shares of Advanced Micro Devices by 2.3% in the first quarter. Financial Counselors Inc. now owns 7,018 shares of the semiconductor manufacturer’s stock worth $1,267,000 after acquiring an additional 155 shares in the last quarter. Smith Salley Wealth Management lifted its stake in Advanced Micro Devices by 62.4% in the first quarter. Smith Salley Wealth Management now owns 2,217 shares of the semiconductor manufacturer’s stock valued at $400,000 after buying an additional 852 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Advanced Micro Devices by 2.7% in the first quarter. Proficio Capital Partners LLC now owns 4,826 shares of the semiconductor manufacturer’s stock valued at $871,000 after buying an additional 129 shares during the period. RiverPark Advisors LLC bought a new stake in shares of Advanced Micro Devices during the first quarter worth $60,000. Finally, Pictet North America Advisors SA raised its holdings in shares of Advanced Micro Devices by 15.9% during the first quarter. Pictet North America Advisors SA now owns 24,180 shares of the semiconductor manufacturer’s stock worth $4,364,000 after acquiring an additional 3,319 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Truist Financial decreased their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. KeyCorp cut their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday. Finally, Wells Fargo & Company boosted their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. One equities research 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $142.03 on Monday. The firm’s fifty day moving average price is $154.75 and its two-hundred day moving average price is $155.77. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 2.01. The company has a market cap of $230.49 billion, a P/E ratio of 127.80, a P/E/G ratio of 1.98 and a beta of 1.71. Advanced Micro Devices, Inc. has a one year low of $110.22 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.55 earnings per share for the current year.

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.