Accurate Wealth Management LLC Has $670,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Accurate Wealth Management LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,258 shares of the semiconductor manufacturer’s stock after acquiring an additional 194 shares during the quarter. Accurate Wealth Management LLC’s holdings in Advanced Micro Devices were worth $670,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMD. Tradewinds Capital Management LLC grew its holdings in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares during the period. Semmax Financial Advisors Inc. grew its stake in Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 139 shares during the period. ZRC Wealth Management LLC increased its holdings in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Fairway Wealth LLC acquired a new position in Advanced Micro Devices in the second quarter valued at approximately $27,000. Finally, Valued Wealth Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 70.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 70 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 0.2 %

Shares of NASDAQ:AMD opened at $155.97 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a market capitalization of $252.10 billion, a PE ratio of 229.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The business has a fifty day moving average price of $153.86 and a two-hundred day moving average price of $156.79. 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 (NASDAQ:AMD) last posted 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 company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMD shares. 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. Truist Financial dropped their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. Susquehanna reissued a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird cut their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. One research 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.