McAdam LLC Reduces Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

McAdam LLC has decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.9% during the third quarter of the year. This information was revealed in their recent Form 13F filing with the Securities and Exchange Commission. Following the sale of 212 shares, McAdam LLC now owns a total of 3,407 shares of the semiconductor company's stock, valued at approximately $559,000 by the end of the quarter.

Other institutional investors have also adjusted their positions in AMD. For instance, Tradewinds Capital Management LLC increased its holdings by 102.9% in the first quarter, acquiring an additional 71 shares to reach a total of 140 shares worth about $25,000. Similarly, ZRC Wealth Management LLC boosted its stake by 90.4% in the third quarter, acquiring 75 more shares to have 158 shares valued at $26,000. Morton Brown Family Wealth LLC's holdings rose by 94.4% during the second quarter, bringing their total to 175 shares worth $27,000 after purchasing an additional 85 shares. Fairway Wealth LLC made a new investment in AMD during the same period, also valued at around $27,000. Lastly, Semmax Financial Advisors Inc. raised its share count in AMD by 926.7%, now owning 154 shares worth $28,000 after acquiring 139 shares in the quarter. Overall, institutional investors hold approximately 71.34% of Advanced Micro Devices, Inc.

AMD Stock Performance

As of the last trading session, shares of AMD opened at $153.44. The company's fifty-day moving average is $154.79, while the two-hundred-day moving average stands at $156.43. AMD's market capitalization is around $248.01 billion, with a price-to-earnings ratio of 225.65 and a PEG ratio of 2.33. Additionally, AMD has a debt-to-equity ratio of 0.03, a quick ratio of 2.01, and a current ratio of 2.82. The stock has fluctuated within a range, with a fifty-two week low of $93.11 and a high of $227.30.

In its latest earnings announcement on July 30, AMD disclosed earnings of $0.69 per share, slightly surpassing the anticipated $0.68. The company reported revenues of $5.84 billion, eclipsing the consensus estimate of $5.72 billion. AMD's return on equity was 5.98%, and it had a net margin of 5.82%, with quarterly revenues increasing by 8.9% compared to the previous year, when earnings per share were reported at $0.40. Analyst predictions suggest that AMD will post earnings per share of 2.56 for the current fiscal year.

Analysts' Ratings

Several research analysts have provided updates regarding their outlooks on AMD shares. Morgan Stanley has raised their price target for AMD from $176.00 to $178.00, maintaining an "equal weight" rating. Furthermore, TD Cowen upgraded AMD to a “strong-buy” rating. Piper Sandler also modified their target price, increasing it from $175.00 to $200.00, while maintaining an “overweight” rating. Meanwhile, Robert W. Baird adjusted their price target down from $200.00 to $175.00 while keeping an “outperform” rating on AMD. Barclays lowered their target from $235.00 to $180.00, still rating it as “overweight.” According to MarketBeat, AMD has a consensus rating of “Moderate Buy” and a target price of $195.00, with one analyst rating it as a sell, three as hold, twenty-seven as buy, and two as strong buy.

Company Overview

Advanced Micro Devices, Inc. operates globally as a semiconductor company, offering products in various segments such as Data Center, Client, Gaming, and Embedded. Their product lineup includes x86 microprocessors, graphics processing units (GPUs) as accelerated processing units, chipsets, and embedded as well as semi-custom system-on-chip (SoC) products, along with associated services and technologies.

stocks, investment, AMD