Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Invictus Private Wealth LLC

Invictus Private Wealth LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 93.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,472 shares of the semiconductor manufacturer’s stock after acquiring an additional 25,333 shares during the period. Advanced Micro Devices makes up 0.7% of Invictus Private Wealth LLC’s holdings, making the stock its 25th largest position. Invictus Private Wealth LLC’s holdings in Advanced Micro Devices were worth $8,610,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMD. Creative Capital Management Investments LLC raised its stake 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 valued at $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC raised its stake in shares of Advanced Micro Devices by 94.4% in 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. Fairway Wealth LLC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth $27,000. Finally, Semmax Financial Advisors Inc. raised its stake in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of a number of research reports. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Edward Jones initiated coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Barclays reduced their target price on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Trading Up 0.7 %

Shares of AMD stock opened at $141.66 on Wednesday. Advanced Micro Devices, Inc. has a 12 month low of $110.22 and a 12 month high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $154.39 and its two-hundred day moving average is $155.64. The company has a market cap of $229.89 billion, a PE ratio of 127.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.71.

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

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.