Advanced Micro Devices, Inc. $AMD Stock Bought by Asset One Wealth Management LLC

Asset One Wealth Management LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,861 shares of the semiconductor manufacturer’s stock after buying an additional 1,789 shares during the period. Advanced Micro Devices comprises approximately 1.3% of Asset One Wealth Management LLC’s portfolio, making the stock its 14th largest position. Asset One Wealth Management LLC’s holdings in Advanced Micro Devices were worth $15,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMD. DecisionPoint Financial LLC grew its holdings in Advanced Micro Devices by 79.2% during the third quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 19 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Advanced Micro Devices during the third quarter worth about $29,000. JNBA Financial Advisors lifted its holdings in Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 30 shares during the last quarter. Graney & King LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $31,000. Finally, Main Street Group LTD purchased a new stake in Advanced Micro Devices in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
• Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
• Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
• Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
• Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMD shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday. CLSA reiterated an “outperform” rating and issued a $710.00 price target on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Wall Street Zen lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Wedbush reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Finally, BMO Capital Markets assumed coverage on shares of Advanced Micro Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $643.69.

Insider Activity

In other news, EVP Mark Papermaster sold 28,811 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president owned 1,261,461 shares in the company, valued at $595,245,602.07. This represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the transaction, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Trading Up 11.0%

Shares of AMD stock opened at $449.04 on Friday. The firm’s 50-day simple moving average is $546.81 and its 200-day simple moving average is $414.98. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52. The firm has a market cap of $733.04 billion, a P/E ratio of 97.62, a PEG ratio of 4.79 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The firm had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. During the same period in the prior year, the company posted $1.20 EPS. The company’s revenue was up 44.7% compared to the same quarter last year. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.57 EPS for the current year.

About Advanced Micro Devices

Advanced Micro Devices, Inc (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors.

The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.