Advanced Micro Devices, Inc. $AMD Shares Purchased by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 209.4% during the 1st quarter, Holdings Channel reports. The fund owned 32,583 shares of the semiconductor manufacturer’s stock after purchasing an additional 22,053 shares during the period. Signal Advisors Wealth LLC’s holdings in Advanced Micro Devices were worth $6,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after purchasing an additional 29,438 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after purchasing an additional 234 shares during the period. Sivia Capital Partners LLC grew its position in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after buying an additional 2,970 shares in the last quarter. United Bank grew its position in Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock valued at $1,881,000 after buying an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its stake in Advanced Micro Devices by 361.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock valued at $1,310,000 after buying an additional 7,228 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 2.7%

Shares of NASDAQ:AMD opened at $551.63 on Tuesday. The stock has a market capitalization of $899.49 billion, a price-to-earnings ratio of 180.86, a PEG ratio of 1.58 and a beta of 2.50. Advanced Micro Devices, Inc. has a 1-year low of $126.82 and a 1-year high of $562.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The company has a 50 day moving average price of $423.46 and a 200 day moving average price of $288.05.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. During the same quarter in the previous year, the business posted $0.96 earnings per share. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total value of $57,586,250.00. Following the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at $1,334,572,400.31. The trade was a 4.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 378,032 shares of company stock worth $161,876,596. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on AMD. Wells Fargo & Company boosted their price target on shares of Advanced Micro Devices from $345.00 to $505.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein set a $600.00 price objective on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research note on Wednesday, June 17th. HSBC cut Advanced Micro Devices from a “buy” rating to a “hold” rating and boosted their target price for the stock from $335.00 to $340.00 in a report on Monday, May 4th. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Evercore reiterated an “outperform” rating and set a $579.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $430.68.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD gained after expanding FSR GPU driver support to older graphics cards, a move that could improve customer satisfaction and extend the life of its GPU ecosystem. Article Title
• Positive Sentiment: AMD was also supported by broader strength in chip stocks, as investors rotated into semiconductors on improving risk sentiment and continued AI spending optimism. Article Title
• Positive Sentiment: Commentary highlighted AMD as a strong AI-chip contender that could benefit from further growth in data center and networking demand, reinforcing the bullish long-term narrative. Article Title
• Neutral Sentiment: Several articles framed AMD as having already doubled this year and trading well above technical support levels, which may prompt some investors to question how much upside is left near current highs. Article Title
• Negative Sentiment: Investor caution also came from reports that David Tepper’s Appaloosa trimmed its AMD stake by about 32%, which can be read as a modest confidence signal against the stock’s recent surge. Article Title
• Negative Sentiment: Another bearish headline noted heavy insider selling, with more than $60 million in AMD shares reportedly sold in early June, which may raise concerns about valuation and near-term upside. Article Title

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.