Elevated Capital Advisors LLC Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Elevated Capital Advisors LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,039 shares of the semiconductor manufacturer’s stock after buying an additional 2,019 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $1,483,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMD. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 2,349,288 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Advanced Micro Devices by 1.4% during the second quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock valued at $2,159,039,000 after buying an additional 188,580 shares during the period. Van ECK Associates Corp grew its stake in shares of Advanced Micro Devices by 52.6% during the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after buying an additional 2,979,204 shares during the last quarter. GQG Partners LLC raised its holdings in shares of Advanced Micro Devices by 5.0% in the first quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer’s stock worth $1,451,945,000 after buying an additional 382,582 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Advanced Micro Devices by 10.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,495,184 shares of the semiconductor manufacturer’s stock worth $1,215,998,000 after acquiring an additional 707,705 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMD has been the topic of a number of research analyst reports. Edward Jones initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 7th. Bank of America reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Wells Fargo & Company increased their price objective 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. Finally, Truist Financial reduced their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $154.09 on Wednesday. The business has a fifty day moving average of $154.54 and a 200 day moving average of $156.45. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The firm has a market capitalization of $249.06 billion, a price-to-earnings ratio of 226.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last released 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. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. As a group, 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.