Retirement Planning Group LLC Has $638,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Retirement Planning Group LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 8.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,889 shares of the semiconductor manufacturer’s stock after buying an additional 297 shares during the quarter. Retirement Planning Group LLC’s holdings in Advanced Micro Devices were worth $638,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Tradewinds Capital Management LLC grew its stake in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares during the last quarter. ZRC Wealth Management LLC grew its position in shares of Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Morton Brown Family Wealth LLC increased its stake in shares of 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 worth $27,000 after purchasing an additional 85 shares during the period. Fairway Wealth LLC acquired a new position in shares of Advanced Micro Devices during the 2nd quarter worth about $27,000. Finally, Northwest Bank & Trust Co bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $28,000. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Citigroup raised their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 7th. Finally, Truist Financial reduced their target price 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

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Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $167.89 on Monday. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The stock has a 50-day simple moving average of $151.34 and a 200 day simple moving average of $157.42. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $271.36 billion, a price-to-earnings ratio of 246.90, a P/E/G ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

(Free Report)

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.

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