Bank of Stockton Has $300,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

by · The Cerbat Gem

Bank of Stockton lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 7.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,826 shares of the semiconductor manufacturer’s stock after selling 140 shares during the period. Bank of Stockton’s holdings in Advanced Micro Devices were worth $300,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMD. Thrive Wealth Management LLC increased its holdings in Advanced Micro Devices by 6.0% in the 1st quarter. Thrive Wealth Management LLC now owns 1,475 shares of the semiconductor manufacturer’s stock valued at $266,000 after buying an additional 83 shares during the period. 180 Wealth Advisors LLC increased its stake in Advanced Micro Devices by 9.3% in the first quarter. 180 Wealth Advisors LLC now owns 3,597 shares of the semiconductor manufacturer’s stock valued at $649,000 after acquiring an additional 306 shares during the period. Capital Asset Advisory Services LLC raised its position in Advanced Micro Devices by 6.8% in the first quarter. Capital Asset Advisory Services LLC now owns 4,400 shares of the semiconductor manufacturer’s stock worth $750,000 after purchasing an additional 281 shares in the last quarter. Tsfg LLC lifted its stake in Advanced Micro Devices by 15.9% during the first quarter. Tsfg LLC now owns 671 shares of the semiconductor manufacturer’s stock worth $121,000 after purchasing an additional 92 shares during the period. Finally, Norway Savings Bank boosted its holdings in Advanced Micro Devices by 7.6% during the first quarter. Norway Savings Bank now owns 10,073 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after purchasing an additional 715 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley increased their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Piper Sandler upped their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Robert W. Baird dropped 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 report on Wednesday, July 31st. Finally, Truist Financial reduced their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Get Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Stock Up 2.5 %

AMD traded up $3.88 during trading on Friday, reaching $157.32. The company had a trading volume of 11,878,854 shares, compared to its average volume of 56,653,637. The company has a market cap of $254.28 billion, a P/E ratio of 231.28, a PEG ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The business’s fifty day moving average price is $154.79 and its 200 day moving average price is $156.43.

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

About Advanced Micro Devices

(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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