Golden State Wealth Management LLC Expands Investment in Advanced Micro Devices, Inc.

Golden State Wealth Management LLC has made a significant investment by acquiring a new position in Advanced Micro Devices, Inc. (NASDAQ: AMD) during the fourth quarter. This was revealed in the company's latest filing with the Securities and Exchange Commission. The institutional investor purchased 8,229 shares of the semiconductor firm, totaling approximately $994,000.

A number of other institutional investors have also adjusted their holdings regarding AMD's stock recently. For example, International Assets Investment Management LLC saw a substantial increase in their position by 17,137.3% in the third quarter. They now possess 7,860,909 shares valued at about $1.29 billion after acquiring an additional 7,815,305 shares. Similarly, Assenagon Asset Management S.A. increased its stake by 42.2%, with a current holding of 8,420,766 shares worth around $1.38 billion after acquiring an extra 2,497,056 shares.

State Street Corp has increased its holdings by 2.3%, now owning 70,170,271 shares valued at $11.51 billion after purchasing an additional 1,580,035 shares last quarter. Also, UBS Asset Management Americas LLC raised its stake in AMD by 8.7% in the third quarter, resulting in ownership of 19,472,211 shares worth $3.20 billion. Van ECK Associates Corp also boosted its holdings by 11.3% and now owns 9,620,878 shares valued at $1.47 billion. In total, institutional investors and hedge funds together hold about 71.34% of AMD's stock.

Analyst Reports and Ratings on AMD

Recent analyst reports have been focusing on AMD's stock. UBS Group has reduced its price target for AMD shares from $210.00 to $205.00 while maintaining a "buy" rating. Alternatively, the Goldman Sachs Group downgraded AMD from a "buy" to a "neutral" rating, slashing its price target from $175.00 to $129.00. Morgan Stanley adjusted its price objective on AMD from $158.00 to $147.00, setting an "equal weight" rating on the stock. KeyCorp also reduced its target price from $150.00 to $140.00 and provided an "overweight" rating.

Lastly, Wolfe Research downgraded AMD from an "outperform" rating to a "peer perform" rating. Currently, out of the analysts watching the stock, two have rated it as a sell, ten have a hold rating, and eighteen have provided a buy rating. Based on information from MarketBeat, AMD holds a consensus rating of "Moderate Buy" with an average price target of $158.70.

AMD's Recent Stock Performance

As of Friday, AMD's stock opened at $110.16. The company maintains a debt-to-equity ratio of 0.03, a quick ratio of 1.78, and a current ratio of 2.50. AMD has a market capitalization of $178.77 billion, alongside a P/E ratio of 99.24 and a beta of 1.66. The stock has fluctuated between a 52-week low of $106.50 and a high of $227.30, with a 50-day simple moving average of $124.53 and a 200-day simple moving average of $140.39.

AMD's quarterly earnings report was released on February 4th, where the semiconductor manufacturer reported $0.88 earnings per share (EPS), falling short of analysts' consensus estimates of $1.07 by $0.19. The company achieved a net margin of 7.52% and a return on equity of 6.62%. Analysts predict that AMD will post earnings of $2.54 per share during the current year.

Insider Transactions at AMD

In additional news, AMD's CEO, Lisa T. Su, sold 76,496 shares of stock on December 4th for an average price of $142.66, totaling about $10.91 million. Post-sale, she retains ownership of 3,566,762 shares valued at around $508.83 million, a decrease of 2.10% in her stake in the company. This transaction was logged with the Securities and Exchange Commission.

Overview of Advanced Micro Devices, Inc.

Advanced Micro Devices, Inc. is a global semiconductor company. It operates through multiple segments, including Data Center, Client, Gaming, and Embedded. The company is known for developing x86 microprocessors, graphics processing units (GPUs), chipsets, and a variety of embedded processors and system-on-chip products.

Final Insights

The recent acquisition by Golden State Wealth Management LLC and other institutional moves indicate strong interest in AMD amidst varying analyst sentiments. Investors continue to watch the evolving landscape for potential opportunities in this leading semiconductor manufacturer.

investment, stock, AMD