Intellectus Partners LLC Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Intellectus Partners LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 33.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,340 shares of the semiconductor manufacturer’s stock after buying an additional 1,575 shares during the quarter. Intellectus Partners LLC’s holdings in Advanced Micro Devices were worth $1,040,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Advanced Micro Devices in the 1st quarter valued at $331,000. 1ST Source Bank increased its holdings in Advanced Micro Devices by 12.1% during the 1st quarter. 1ST Source Bank now owns 2,231 shares of the semiconductor manufacturer’s stock worth $403,000 after purchasing an additional 240 shares during the period. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter worth approximately $672,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Advanced Micro Devices in the 1st quarter valued at approximately $1,215,000. Finally, Nicolet Advisory Services LLC increased its holdings in Advanced Micro Devices by 7.1% in the first quarter. Nicolet Advisory Services LLC now owns 5,352 shares of the semiconductor manufacturer’s stock valued at $914,000 after buying an additional 354 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on AMD shares. Barclays cut their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. TD Cowen cut their target price on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Susquehanna reissued a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, Evercore ISI lifted their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $138.84 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a one year low of $116.37 and a one year high of $227.30. The company has a market cap of $225.31 billion, a P/E ratio of 125.08, a price-to-earnings-growth ratio of 1.93 and a beta of 1.71. The business has a fifty day moving average of $154.52 and a two-hundred day moving average of $155.31.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data 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 net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

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.