Revolve Wealth Partners LLC Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Revolve Wealth Partners LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.0% in the third quarter, Holdings Channel reports. The firm owned 8,049 shares of the semiconductor manufacturer’s stock after buying an additional 799 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $1,321,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AMD. Opal Wealth Advisors LLC bought a new position in Advanced Micro Devices during the 1st quarter valued at about $239,000. High Net Worth Advisory Group LLC purchased a new position in shares of Advanced Micro Devices during the first quarter valued at approximately $251,000. Northwest Investment Counselors LLC purchased a new position in shares of Advanced Micro Devices during the first quarter valued at approximately $124,000. CHICAGO TRUST Co NA lifted its position in Advanced Micro Devices by 7.4% during the first quarter. CHICAGO TRUST Co NA now owns 1,471 shares of the semiconductor manufacturer’s stock valued at $266,000 after purchasing an additional 101 shares during the period. Finally, Lloyd Advisory Services LLC. purchased a new stake in Advanced Micro Devices in the first quarter worth approximately $1,213,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 0.2 %

Shares of Advanced Micro Devices stock opened at $155.97 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month 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. The business has a 50-day moving average price of $153.86 and a 200-day moving average price of $156.79. The firm has a market cap of $252.10 billion, a price-to-earnings ratio of 229.37, a PEG ratio of 2.33 and a beta of 1.70.

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, beating 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 quarter last year, the business posted $0.40 EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMD. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Roth Mkm reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 7th. Finally, Robert W. Baird dropped their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.