Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,463 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,066 shares during the quarter. Focus Financial Network Inc.’s holdings in Advanced Micro Devices were worth $1,717,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. grew its position in shares of Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares during the last quarter. ZRC Wealth Management LLC grew its position in Advanced Micro Devices by 90.4% during the 3rd 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 purchased a new position in Advanced Micro Devices during the 2nd quarter worth $27,000. Morton Brown Family Wealth LLC increased its stake in Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the period. Finally, Chelsea Counsel Co. acquired a new stake in Advanced Micro Devices during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 1.5 %

Shares of NASDAQ AMD opened at $141.86 on Friday. 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 stock has a market capitalization of $229.60 billion, a PE ratio of 127.80, a P/E/G ratio of 2.03 and a beta of 1.70. The firm has a fifty day moving average of $154.75 and a 200-day moving average of $155.81. Advanced Micro Devices, Inc. has a 52-week low of $105.91 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted 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. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. TD Cowen dropped their target price on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday. Robert W. Baird cut their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Piper Sandler reissued an “overweight” rating and set a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday. Finally, Citigroup reduced their target price on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices 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.