Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Saxony Capital Management LLC

Saxony Capital Management LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,249 shares of the semiconductor manufacturer’s stock after purchasing an additional 718 shares during the quarter. Saxony Capital Management LLC’s holdings in Advanced Micro Devices were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AMD. Segment Wealth Management LLC grew its holdings in Advanced Micro Devices by 29.4% in the 3rd quarter. Segment Wealth Management LLC now owns 15,951 shares of the semiconductor manufacturer’s stock valued at $2,617,000 after buying an additional 3,620 shares during the period. Private Advisor Group LLC grew its holdings in Advanced Micro Devices by 35.2% in the 3rd quarter. Private Advisor Group LLC now owns 134,367 shares of the semiconductor manufacturer’s stock valued at $22,047,000 after buying an additional 35,008 shares during the period. Stanley Laman Group Ltd. grew its holdings in Advanced Micro Devices by 1,210.9% in the 3rd quarter. Stanley Laman Group Ltd. now owns 25,432 shares of the semiconductor manufacturer’s stock valued at $4,173,000 after buying an additional 23,492 shares during the period. Pictet North America Advisors SA grew its holdings in shares of Advanced Micro Devices by 18.8% during the 3rd quarter. Pictet North America Advisors SA now owns 27,268 shares of the semiconductor manufacturer’s stock worth $4,474,000 after purchasing an additional 4,313 shares during the period. Finally, Symphony Financial Ltd. Co. grew its holdings in shares of Advanced Micro Devices by 16.9% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 2,161 shares of the semiconductor manufacturer’s stock worth $355,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of a number of research reports. Bank of America reiterated a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Morgan Stanley boosted their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Edward Jones initiated coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. Susquehanna reiterated a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Stock Down 2.4 %

AMD stock opened at $154.09 on Wednesday. The stock has a market cap of $249.06 billion, a PE ratio of 226.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The firm’s 50-day simple moving average is $154.54 and its 200 day simple moving average is $156.45. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates 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 revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

About Advanced Micro Devices

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.