Custom Index Systems LLC Invests $559,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Custom Index Systems LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,405 shares of the semiconductor manufacturer’s stock, valued at approximately $559,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMD. Cherrydale Wealth Management LLC increased its position 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 valued at $212,000 after acquiring an additional 58 shares during the last quarter. Christopher J. Hasenberg Inc boosted its position in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after purchasing an additional 60 shares during the period. Delta Financial Group Inc. increased its holdings in Advanced Micro Devices by 5.0% in the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after purchasing an additional 63 shares during the last quarter. Trivant Custom Portfolio Group LLC raised its position in Advanced Micro Devices by 0.3% in the second quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock valued at $3,995,000 after purchasing an additional 65 shares during the period. Finally, Wealth Effects LLC lifted its stake in Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after purchasing an additional 65 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 1.8 %

AMD traded up $2.79 on Friday, reaching $156.23. The company’s stock had a trading volume of 29,758,489 shares, compared to its average volume of 56,739,516. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The business’s 50 day moving average is $155.06 and its 200 day moving average is $156.21. The stock has a market cap of $252.52 billion, a price-to-earnings ratio of 229.75, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70.

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

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent research reports. Robert W. Baird cut their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Susquehanna reaffirmed a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Truist Financial decreased their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Bank of America restated a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.00.

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.