Advanced Micro Devices, Inc. $AMD Shares Acquired by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 88.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,640 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,237 shares during the period. Woodmont Investment Counsel LLC’s holdings in Advanced Micro Devices were worth $1,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Citizens Financial Corp raised its holdings in Advanced Micro Devices by 3.4% during the third quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock worth $300,000 after purchasing an additional 16 shares during the last quarter. Fearless Solutions LLC dba Best Invest grew its holdings in Advanced Micro Devices by 1.5% in the third quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock valued at $718,000 after purchasing an additional 17 shares during the last quarter. Private Client Services LLC grew its holdings in Advanced Micro Devices by 1.7% in the third quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock valued at $660,000 after purchasing an additional 18 shares during the last quarter. Essential Investment Partners LLC increased its position in shares of Advanced Micro Devices by 40.0% in the third quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer’s stock valued at $39,000 after buying an additional 18 shares in the last quarter. Finally, Box Hill Private Wealth LLC increased its position in shares of Advanced Micro Devices by 2.5% in the third quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer’s stock valued at $486,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark Papermaster sold 28,811 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the firm’s 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 sale, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 231,100 shares of company stock worth $114,867,400 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD is viewed by some analysts as a buy ahead of earnings, with expectations for continued growth in data-center and AI-related products. A strong report or upbeat outlook could help restore confidence after the recent pullback. AMD, ANET, DDOG: 3 Tech Stocks to Buy Ahead of Earnings, According to Analysts
• Positive Sentiment: Institutional positioning provides a bullish signal: Tiger Global reportedly opened a roughly $392 million AMD position in the second quarter. Although ARK Invest reduced its AMD stake by 48%, the chipmaker remained one of ARK’s largest holdings. A $24 Billion Hedge Fund Bought Advanced Micro Devices. Cathie Wood Cut Her Stake 48%. Who’s Right?
• Positive Sentiment: AMD’s shares rebounded alongside Nvidia and Broadcom after Friday’s sector-wide decline, suggesting some investors are treating the sell-off as a buying opportunity ahead of major technology earnings.
• Neutral Sentiment: Tuesday’s results are a major near-term catalyst. Management commentary on AI infrastructure demand, customer spending and memory costs could determine whether the broader AI-chip trade recovers or remains under pressure. AMD, Arista, Supermicro Earnings Previews: Can AI Infrastructure Shake Off Friday’s Rout?
• Negative Sentiment: Intel’s weaker outlook, attributed partly to declining PC shipments, has raised concerns that AMD could also face softness in its PC business. Investors are also questioning AMD’s roughly 130 price-to-earnings ratio and whether AI-related growth already reflects overly optimistic expectations. Intel Has a Massive Warning for AMD Stock Investors

Wall Street Analyst Weigh In

AMD has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Rosenblatt Securities restated a “buy” rating and set a $700.00 target price on shares of Advanced Micro Devices in a report on Tuesday, September 29th. Bank of America lifted their target price on shares of Advanced Micro Devices from $620.00 to $720.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. Finally, BMO Capital Markets initiated coverage on shares of Advanced Micro Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $607.57.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $504.80 on Monday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. The stock’s fifty day simple moving average is $548.29 and its 200-day simple moving average is $409.20. The company has a market capitalization of $824.07 billion, a P/E ratio of 129.77, a P/E/G ratio of 5.18 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter last year, the business posted $0.48 EPS. The firm’s quarterly revenue was up 50.1% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.