Whittier Trust Co. of Nevada Inc. Has $10.88 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,316 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,132 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Advanced Micro Devices were worth $10,881,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMD. Van ECK Associates Corp raised its position in Advanced Micro Devices by 52.6% during the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after purchasing an additional 2,979,204 shares in the last quarter. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 1.6% in the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock valued at $26,133,989,000 after buying an additional 2,349,288 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $296,178,000. Swedbank AB acquired a new position in Advanced Micro Devices in the 1st quarter valued at approximately $290,842,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Advanced Micro Devices by 29.0% during the second quarter. Assenagon Asset Management S.A. now owns 5,923,710 shares of the semiconductor manufacturer’s stock worth $960,885,000 after acquiring an additional 1,331,165 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD traded up $1.62 on Monday, reaching $157.59. The company’s stock had a trading volume of 17,538,881 shares, compared to its average volume of 57,271,980. The stock’s 50 day simple moving average is $153.86 and its two-hundred day simple moving average is $156.62. 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 stock has a market capitalization of $254.71 billion, a P/E ratio of 227.78, 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.

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

Analysts Set New Price Targets

Several research analysts have issued reports on AMD shares. Barclays lowered their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Wedbush reiterated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note 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. Robert W. Baird reduced their price target 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. Finally, Wells Fargo & Company upped their target price on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. One research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.