Spectrum Asset Management Inc. NB CA Purchases 100 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Spectrum Asset Management Inc. NB CA grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,735 shares of the semiconductor manufacturer’s stock after acquiring an additional 100 shares during the quarter. Spectrum Asset Management Inc. NB CA’s holdings in Advanced Micro Devices were worth $285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cherrydale Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 4.7% during the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after purchasing an additional 58 shares during the period. Christopher J. Hasenberg Inc lifted its holdings in Advanced Micro Devices by 12.0% during the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after acquiring an additional 60 shares in the last quarter. Delta Financial Group Inc. lifted its holdings in Advanced Micro Devices by 5.0% during the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after acquiring an additional 63 shares in the last quarter. Trivant Custom Portfolio Group LLC lifted its holdings in Advanced Micro Devices by 0.3% during the second quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock worth $3,995,000 after acquiring an additional 65 shares in the last quarter. Finally, Wealth Effects LLC lifted its holdings in shares of Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock valued at $1,545,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Monday, October 7th. Morgan Stanley upped their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Citigroup upped their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Barclays dropped their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $152.91 on Thursday. 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 50-day moving average of $154.79 and a 200-day moving average of $156.43. The company has a market cap of $247.15 billion, a PE ratio of 224.87, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30.

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

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.