Nisa Investment Advisors LLC Has $75.34 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nisa Investment Advisors LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459,135 shares of the semiconductor manufacturer’s stock after selling 2,358 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $75,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMD. Hennion & Walsh Asset Management Inc. bought a new position in Advanced Micro Devices in the first quarter worth $264,000. Founders Financial Securities LLC boosted its position in shares of Advanced Micro Devices by 9.8% during the 1st quarter. Founders Financial Securities LLC now owns 3,005 shares of the semiconductor manufacturer’s stock valued at $542,000 after acquiring an additional 267 shares in the last quarter. Trilogy Capital Inc. bought a new stake in Advanced Micro Devices in the first quarter valued at about $398,000. LVW Advisors LLC raised its position in Advanced Micro Devices by 20.2% in the first quarter. LVW Advisors LLC now owns 1,771 shares of the semiconductor manufacturer’s stock worth $320,000 after purchasing an additional 298 shares in the last quarter. Finally, Aviance Capital Partners LLC bought a new position in Advanced Micro Devices during the first quarter worth about $363,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMD shares. 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 research note on Monday, July 29th. Roth Mkm reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Citigroup boosted their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Morgan Stanley lifted their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their price target on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Trading Up 1.8 %

NASDAQ AMD traded up $2.74 on Monday, reaching $158.97. The company had a trading volume of 17,999,650 shares, compared to its average volume of 56,553,762. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $94.07 and a 52 week high of $227.30. The stock has a market cap of $256.95 billion, a price-to-earnings ratio of 233.78, a PEG ratio of 2.33 and a beta of 1.70. The stock’s 50 day moving average is $155.06 and its 200-day moving average is $156.13.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the company posted $0.40 EPS. Advanced Micro Devices’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

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.