Mn Services Vermogensbeheer B.V. Has $102.53 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mn Services Vermogensbeheer B.V. trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.1% in the third quarter, Holdings Channel.com reports. The firm owned 624,896 shares of the semiconductor manufacturer’s stock after selling 13,700 shares during the quarter. Advanced Micro Devices comprises approximately 0.7% of Mn Services Vermogensbeheer B.V.’s investment portfolio, making the stock its 23rd biggest position. Mn Services Vermogensbeheer B.V.’s holdings in Advanced Micro Devices were worth $102,533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMD. Semmax Financial Advisors Inc. boosted its holdings in shares of Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 139 shares in the last quarter. Creative Capital Management Investments LLC boosted its stake in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Fairway Wealth LLC acquired a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $27,000. Finally, Morton Brown Family Wealth LLC raised its holdings in 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 valued at $27,000 after buying an additional 85 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.7 %

NASDAQ:AMD traded up $1.04 during trading hours on Monday, hitting $142.90. 8,240,062 shares of the company traded hands, compared to its average volume of 56,490,348. The company has a quick ratio of 2.01, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company has a market cap of $231.90 billion, a PE ratio of 127.80, a PEG ratio of 1.98 and a beta of 1.71. The firm’s 50-day simple moving average is $154.75 and its 200-day simple moving average is $155.77. Advanced Micro Devices, Inc. has a one year low of $110.22 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting 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 company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the firm earned $0.53 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMD shares. Bank of America reissued a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 3rd. BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Morgan Stanley cut their price objective on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Benchmark restated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday. Finally, Evercore ISI upped their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $192.79.

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.