Vanguard Capital Wealth Advisors Has $587,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vanguard Capital Wealth Advisors raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,575 shares of the semiconductor manufacturer’s stock after buying an additional 1,053 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Advanced Micro Devices were worth $587,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Advanced Micro Devices by 59.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after purchasing an additional 116,020 shares during the period. Wesbanco Bank Inc. raised its position in shares of Advanced Micro Devices by 15.7% during the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock worth $25,524,000 after purchasing an additional 21,132 shares during the period. St. Louis Financial Planners Asset Management LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter worth about $2,394,000. Sycomore Asset Management raised its position in shares of Advanced Micro Devices by 28.6% during the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after purchasing an additional 30,677 shares during the period. Finally, Custom Index Systems LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter worth about $559,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AMD shares. Barclays dropped their price target on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Piper Sandler increased their price objective on Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday. Susquehanna reiterated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. One research 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $166.25 on Wednesday. The stock has a market cap of $268.71 billion, a P/E ratio of 244.49, a PEG ratio of 2.33 and a beta of 1.70. The stock has a 50 day simple moving average of $155.35 and a 200 day simple moving average of $156.08. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $94.07 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.40 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 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.