Northwest Investment Counselors LLC Has $264,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Northwest Investment Counselors LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,612 shares of the semiconductor manufacturer’s stock after purchasing an additional 200 shares during the period. Northwest Investment Counselors LLC’s holdings in Advanced Micro Devices were worth $264,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in AMD. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Advanced Micro Devices by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after purchasing an additional 116,020 shares during the last quarter. Chapin Davis Inc. increased its stake in shares of Advanced Micro Devices by 613.4% in the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock valued at $2,213,000 after buying an additional 10,544 shares in the last quarter. Wesbanco Bank Inc. lifted its position in Advanced Micro Devices by 15.7% during the 3rd quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock worth $25,524,000 after buying an additional 21,132 shares in the last quarter. St. Louis Financial Planners Asset Management LLC acquired a new position in Advanced Micro Devices during the 3rd quarter worth about $2,394,000. Finally, Sycomore Asset Management grew 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 worth $21,722,000 after acquiring an additional 30,677 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.6 %

NASDAQ AMD traded up $0.88 on Monday, reaching $156.85. The company had a trading volume of 14,423,275 shares, compared to its average volume of 57,258,277. The company’s fifty day moving average is $153.86 and its 200-day moving average is $156.62. The firm has a market capitalization of $253.52 billion, a price-to-earnings ratio of 227.78, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data 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. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMD shares. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley boosted their price objective 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. 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 company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average 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.