Deseret Mutual Benefit Administrators Acquires 116 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Deseret Mutual Benefit Administrators increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.8% in the third quarter, Holdings Channel.com reports. The fund owned 673 shares of the semiconductor manufacturer’s stock after buying an additional 116 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Advanced Micro Devices were worth $110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Semmax Financial Advisors Inc. increased its position in shares of Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares during the period. Creative Capital Management Investments LLC increased its holdings in Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the period. ZRC Wealth Management LLC raised its position in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Fairway Wealth LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter worth $27,000. Finally, Morton Brown Family Wealth LLC grew its position in shares of Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 85 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMD shares. Robert W. Baird decreased their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company upped their price target 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. Bank of America reissued a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 3rd. 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, StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Trading Up 1.4 %

Advanced Micro Devices stock opened at $147.06 on Thursday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a market cap of $238.65 billion, a PE ratio of 130.72, a P/E/G ratio of 1.96 and a beta of 1.71. The stock’s 50 day simple moving average is $154.36 and its two-hundred day simple moving average is $155.56. Advanced Micro Devices, Inc. has a 12 month low of $112.88 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 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.