S.A. Mason LLC Makes New $102,000 Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

S.A. Mason LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 3rd quarter, HoldingsChannel reports. The firm purchased 624 shares of the semiconductor manufacturer’s stock, valued at approximately $102,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Advanced Micro Devices by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after acquiring an additional 116,020 shares during the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Advanced Micro Devices by 15.7% in 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 last quarter. St. Louis Financial Planners Asset Management LLC purchased a new position in shares of Advanced Micro Devices in the third quarter worth $2,394,000. Sycomore Asset Management raised its holdings in Advanced Micro Devices by 28.6% during the 2nd quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock valued at $21,722,000 after buying an additional 30,677 shares during the last quarter. Finally, Custom Index Systems LLC purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at $559,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $148.60 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of $155.17 and a 200-day moving average price of $156.03. Advanced Micro Devices, Inc. has a 52 week low of $94.07 and a 52 week high of $227.30. The firm has a market capitalization of $240.18 billion, a PE ratio of 218.53, a P/E/G ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The business 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 5.82% and a return on equity of 5.98%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMD. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. KeyCorp lowered their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Evercore ISI lifted their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday. Roth Mkm restated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, Citigroup dropped their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.79.

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.