Wealth Architects LLC Expands Holdings in Advanced Micro Devices, Inc.

Wealth Architects LLC significantly boosted its investment in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 246.3% during the third quarter, as reported in its latest filing with the Securities and Exchange Commission (SEC). By the end of this reporting period, the fund owned 15,334 shares of the semiconductor company after acquiring an additional 10,906 shares during the quarter. The total value of Wealth Architects LLC's holdings in Advanced Micro Devices amounted to approximately $2,516,000.

Investor Activity

In addition to Wealth Architects LLC, other institutional investors have also adjusted their positions in AMD. Semmax Financial Advisors Inc. increased its stake by a remarkable 926.7% in the first quarter, now holding 154 shares valued at $28,000 after adding 139 shares last quarter. Creative Capital Management Investments LLC raised its investment in the third quarter by 124.6%, bringing its total ownership to 155 shares worth $25,000 following the purchase of 86 additional shares. ZRC Wealth Management LLC saw a 90.4% increase, now holding 158 shares worth $26,000 after an additional acquisition of 75 shares. Fairway Wealth LLC entered into a new position worth approximately $27,000 in the second quarter. Additionally, Morton Brown Family Wealth LLC increased its position by 94.4%, owning 175 shares worth $27,000 after buying 85 more shares. Currently, institutional investors hold about 71.34% of Advanced Micro Devices' stock.

Analyst Ratings

Various analysts have recently offered their insights on Advanced Micro Devices. Cantor Fitzgerald reaffirmed an "overweight" rating and set a target price of $180.00 for the stock in a report dated October 30th. Meanwhile, Wedbush reiterated an "outperform" rating with a target of $200.00, and Bank of America confirmed a "buy" rating with a price objective of $180.00 on October 3rd. Robert W. Baird lowered its target from $200.00 to $175.00 while maintaining an "outperform" rating. Benchmark also restated a "buy" rating, setting a price target of $200.00 on October 31st. The overall consensus sees one analyst giving a sell rating, three holding, 28 assigning buy ratings, and one indicating a strong buy, resulting in an average target price of $192.79 according to MarketBeat.com.

Advanced Micro Devices Performance and Outlook

Advanced Micro Devices shares opened at $145.10, showing a market capitalization of $235.47 billion. The firm has a price-to-earnings (P/E) ratio of 130.72, a P/E/G ratio of 1.96, and a beta of 1.71. Its quick ratio stands at 1.78, current ratio at 2.50, and a low debt-to-equity ratio of 0.03. Over the past twelve months, shares have fluctuated between a low of $111.22 and a high of $227.30.

The company's latest quarterly earnings were released on October 29th, revealing earnings per share (EPS) of $0.92, meeting analysts' expectations. With a net margin of 7.52% and a return on equity of 6.62%, AMD generated revenues of $6.82 billion, exceeding the consensus estimate of $6.71 billion. This reflects a 17.6% year-over-year revenue growth. Analysts predict that AMD will earn about $2.53 in EPS for the current year.

Company Overview

Advanced Micro Devices, Inc. is a global semiconductor company operating in several segments, including Data Center, Client, Gaming, and Embedded. The company focuses on manufacturing x86 microprocessors, graphics processing units (GPUs), chipsets, as well as embedded processors and systems on chips (SoC). They also provide development services and technology for various computing needs, including processing units and field-programmable gate arrays (FPGAs).

investment, AMD, holdings