Independent Advisor Alliance Increases Holdings in Advanced Micro Devices, Inc.

Independent Advisor Alliance has increased its investment in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.4% during the fourth quarter. According to the latest Form 13F filing submitted to the Securities and Exchange Commission, the firm now owns 305,454 shares after acquiring an additional 4,069 shares in that period. The value of Independent Advisor Alliance's holdings in Advanced Micro Devices stands at approximately $36,896,000 based on the recent filing with the SEC.

Recent Changes in Institutional Holdings

Other institutional investors have also adjusted their positions in Advanced Micro Devices. For instance, Bear Mountain Capital Inc. entered a new stake valued at around $25,000 during the fourth quarter. Similarly, Global Wealth Strategies & Associates and Halbert Hargrove Global Advisors LLC made new investments valued at approximately $26,000 and $29,000 respectively. Furthermore, Retirement Wealth Solutions LLC purchased shares worth around $32,000, and Compass Financial Services Inc. acquired a new position valued at about $39,000. Overall, institutional investors own around 71.34% of the company’s stock.

Insights from Wall Street Analysts

Analysts on Wall Street have provided various ratings regarding AMD shares. Recently, Wells Fargo & Company reiterated an “overweight” rating for Advanced Micro Devices. In contrast, StockNews.com downgraded the rating from “hold” to “sell.” Morgan Stanley set a price target of $137.00, while Barclays adjusted their target from $170.00 to $140.00 and maintained an “overweight” rating. Additionally, HSBC reaffirmed a “reduce” rating, lowering the target price from $200.00 to $110.00. Among the analysts, two rated the stock as a sell, nine gave it a hold rating, nineteen suggested buying, and three indicated a strong buy, resulting in a consensus rating of “Moderate Buy” and an average target price of $155.83 according to MarketBeat.

Recent Insider Transactions

In a related development, Philip Guido, Executive Vice President at Advanced Micro Devices, purchased 4,645 shares of the stock on February 7th at an average price of $107.56 per share, totaling approximately $499,616.20. Post-transaction, Guido’s total holdings increased to 33,522 shares, valued at around $3,605,626.32, representing a 16.09% increase in ownership. This acquisition was filed with the SEC and is accessible to the public.

Performance of Advanced Micro Devices Stock

As of Monday, shares of Advanced Micro Devices Inc. (NASDAQ:AMD - Get Free Report) opened at $100.31. The stock has experienced a fifty-two week low of $95.89 and a high of $227.30. The company maintains a low debt-to-equity ratio of 0.03, with a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices also has a market capitalization of $162.55 billion. As for earnings, the company reported a $1.07 earnings per share (EPS) for the latest quarter, aligning with analysts' expectations. Advanced Micro Devices' return on equity stands at 7.42%, with a net margin of 6.36%. Analysts predict the company will show 3.87 EPS for the current fiscal year.

Company Overview

Advanced Micro Devices, Inc. operates as a leading global semiconductor company. The firm has various segments, including Data Center, Client, Gaming, and Embedded. It specializes in designing and manufacturing x86 microprocessors, graphics processing units (GPUs), chipsets, and semi-custom system-on-chip (SoC) products, among other technology and services.

investments, semiconductors, markets