Clarity Financial LLC Acquires 3,374 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Clarity Financial LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 93,256 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,374 shares during the period. Advanced Micro Devices accounts for about 1.8% of Clarity Financial LLC’s holdings, making the stock its 19th largest position. Clarity Financial LLC’s holdings in Advanced Micro Devices were worth $15,301,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC grew its stake in shares of Advanced Micro Devices by 17,137.3% during the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock valued at $1,289,818,000 after buying an additional 7,815,305 shares during the last quarter. Van ECK Associates Corp grew its position in Advanced Micro Devices by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after acquiring an additional 2,979,204 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Advanced Micro Devices by 42.2% in the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock worth $1,381,679,000 after purchasing an additional 2,497,056 shares during the period. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after purchasing an additional 2,349,288 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at $296,178,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Down 0.8 %

Shares of AMD opened at $140.71 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a market cap of $228.35 billion, a P/E ratio of 126.77, a PEG ratio of 1.96 and a beta of 1.71. The stock’s 50 day moving average is $154.57 and its two-hundred day moving average is $155.67. Advanced Micro Devices, Inc. has a 12 month low of $110.22 and a 12 month 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup cut their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Truist Financial reduced their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 28th. Edward Jones initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating for the company. Finally, TD Cowen lowered their price target on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One equities 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $192.79.

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.