Family Investment Center Inc. Makes New $266,000 Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Family Investment Center Inc. bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,622 shares of the semiconductor manufacturer’s stock, valued at approximately $266,000.

Several other institutional investors also recently modified their holdings of the business. Riggs Asset Managment Co. Inc. boosted its position in shares of Advanced Micro Devices by 2.3% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 12,502 shares of the semiconductor manufacturer’s stock worth $2,051,000 after purchasing an additional 279 shares during the last quarter. Lynch Asset Management Inc. boosted its holdings in Advanced Micro Devices by 7.7% during the third quarter. Lynch Asset Management Inc. now owns 35,175 shares of the semiconductor manufacturer’s stock worth $5,772,000 after buying an additional 2,500 shares during the last quarter. Montz Harcus Wealth Management LLC grew its position in shares of Advanced Micro Devices by 11.1% during the 3rd quarter. Montz Harcus Wealth Management LLC now owns 1,414 shares of the semiconductor manufacturer’s stock worth $232,000 after buying an additional 141 shares during the period. Custom Index Systems LLC bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $559,000. Finally, Sterling Investment Advisors Ltd. increased its stake in shares of Advanced Micro Devices by 5.4% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 5,289 shares of the semiconductor manufacturer’s stock valued at $868,000 after acquiring an additional 270 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Edward Jones assumed coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating for the company. Citigroup increased their price target on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Susquehanna reiterated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $159.15 on Monday. The stock has a market capitalization of $257.24 billion, a PE ratio of 229.75, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 1-year low of $94.07 and a 1-year high of $227.30. The firm has a fifty day simple moving average of $155.06 and a 200 day simple moving average of $156.13. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 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 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Advanced Micro Devices Company 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.