Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Increased by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,761 shares of the semiconductor manufacturer’s stock after purchasing an additional 925 shares during the period. Valley Brook Capital Group Inc.’s holdings in Advanced Micro Devices were worth $1,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS grew its stake in shares of Advanced Micro Devices by 102.1% in the third quarter. Kornitzer Capital Management Inc. KS now owns 6,433 shares of the semiconductor manufacturer’s stock worth $1,056,000 after purchasing an additional 3,250 shares in the last quarter. Washington Trust Bank lifted its holdings in Advanced Micro Devices by 4.2% in the third quarter. Washington Trust Bank now owns 137,381 shares of the semiconductor manufacturer’s stock worth $22,541,000 after purchasing an additional 5,580 shares during the period. Jmac Enterprises LLC lifted its holdings in Advanced Micro Devices by 5.4% in the third quarter. Jmac Enterprises LLC now owns 4,613 shares of the semiconductor manufacturer’s stock worth $757,000 after purchasing an additional 235 shares during the period. Deseret Mutual Benefit Administrators grew its position in Advanced Micro Devices by 20.8% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 673 shares of the semiconductor manufacturer’s stock valued at $110,000 after buying an additional 116 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after buying an additional 588,595 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 2.2 %

Shares of NASDAQ AMD traded up $3.12 during mid-day trading on Thursday, reaching $148.22. The company had a trading volume of 5,122,269 shares, compared to its average volume of 56,103,809. The stock has a market capitalization of $240.53 billion, a PE ratio of 130.72, a price-to-earnings-growth ratio of 1.96 and a beta of 1.71. Advanced Micro Devices, Inc. has a twelve month low of $112.88 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock’s 50 day moving average is $154.36 and its 200-day moving average is $155.56.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the company earned $0.53 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on AMD. Citigroup decreased their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Robert W. Baird decreased their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Truist Financial decreased their target price on 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. Roth Mkm reiterated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Finally, UBS Group reduced their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Company 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.