Nepsis Inc. Buys 5,297 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

by · The Cerbat Gem

Nepsis Inc. raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,673 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,297 shares during the period. Advanced Micro Devices accounts for approximately 6.2% of Nepsis Inc.’s portfolio, making the stock its 2nd largest position. Nepsis Inc.’s holdings in Advanced Micro Devices were worth $26,199,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cherrydale Wealth Management LLC boosted its stake in Advanced Micro Devices by 4.7% during the 2nd 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 grew its holdings in shares of 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 buying an additional 60 shares during the last quarter. Prentice Wealth Management LLC increased its position in Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after acquiring an additional 62 shares during the period. Revolve Wealth Partners LLC raised its stake in Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after acquiring an additional 63 shares during the last quarter. Finally, Delta Financial Group Inc. lifted its position in Advanced Micro Devices by 5.0% during the 2nd 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 during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup upped their price target on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Piper Sandler lifted their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, October 11th. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Barclays lowered their price objective 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 assigned a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.00.

View Our Latest Stock Analysis on AMD

Advanced Micro Devices Trading Down 0.2 %

Shares of Advanced Micro Devices stock traded down $0.28 during mid-day trading on Friday, hitting $155.97. 23,822,985 shares of the stock were exchanged, compared to its average volume of 57,453,762. The company has a 50-day simple moving average of $153.86 and a 200 day simple moving average of $156.79. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $252.10 billion, a price-to-earnings ratio of 229.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30.

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