Wealth Effects LLC Has $1.55 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealth Effects LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,419 shares of the semiconductor manufacturer’s stock after acquiring an additional 65 shares during the quarter. Wealth Effects LLC’s holdings in Advanced Micro Devices were worth $1,545,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Castleview Partners LLC boosted its stake in Advanced Micro Devices by 10.8% during the 3rd quarter. Castleview Partners LLC now owns 843 shares of the semiconductor manufacturer’s stock valued at $138,000 after purchasing an additional 82 shares during the period. MBE Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 11.3% in the 3rd quarter. MBE Wealth Management LLC now owns 2,154 shares of the semiconductor manufacturer’s stock worth $353,000 after buying an additional 219 shares in the last quarter. Bellecapital International Ltd. raised its holdings in shares of Advanced Micro Devices by 4.8% in the 3rd quarter. Bellecapital International Ltd. now owns 108,111 shares of the semiconductor manufacturer’s stock worth $17,739,000 after buying an additional 4,982 shares in the last quarter. Wealth Advisory Solutions LLC raised its holdings in shares of Advanced Micro Devices by 8.1% in the 3rd quarter. Wealth Advisory Solutions LLC now owns 32,077 shares of the semiconductor manufacturer’s stock worth $5,263,000 after buying an additional 2,395 shares in the last quarter. Finally, Trilogy Capital Inc. raised its holdings in shares of Advanced Micro Devices by 28.2% in the 3rd quarter. Trilogy Capital Inc. now owns 19,017 shares of the semiconductor manufacturer’s stock worth $3,120,000 after buying an additional 4,188 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.1 %

NASDAQ AMD traded up $0.14 during trading hours on Monday, hitting $156.11. The company’s stock had a trading volume of 13,138,127 shares, compared to its average volume of 57,235,746. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a market capitalization of $252.32 billion, a PE ratio of 227.78, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. 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 company’s 50-day simple moving average is $153.86 and its two-hundred day simple moving average is $156.62.

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 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 business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Susquehanna reiterated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Bank of America reiterated a “buy” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Truist Financial decreased their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Finally, Piper Sandler raised their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. One investment 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.00.

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.