Evolve Private Wealth LLC Buys 2,149 Shares of Advanced Micro Devices, Inc. $AMD

Evolve Private Wealth LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,615 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,149 shares during the period. Evolve Private Wealth LLC’s holdings in Advanced Micro Devices were worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. James J. Burns & Company LLC boosted its stake in Advanced Micro Devices by 2.3% during the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock valued at $389,000 after buying an additional 40 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in Advanced Micro Devices by 0.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer’s stock valued at $1,052,000 after buying an additional 43 shares in the last quarter. Willis Johnson & Associates Inc. increased its stake in Advanced Micro Devices by 1.9% in the 4th quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock worth $493,000 after acquiring an additional 44 shares during the last quarter. Smith Moore & CO. increased its stake in Advanced Micro Devices by 1.1% in the 3rd quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer’s stock worth $641,000 after acquiring an additional 45 shares during the last quarter. Finally, Spirepoint Private Client LLC raised its holdings in shares of Advanced Micro Devices by 3.2% during the 4th quarter. Spirepoint Private Client LLC now owns 1,432 shares of the semiconductor manufacturer’s stock worth $307,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $270.00 to $385.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald boosted their price target on shares of Advanced Micro Devices to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein set a $600.00 price target on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Jefferies Financial Group lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, TD Cowen lifted their price objective on shares of Advanced Micro Devices from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $430.68.

Insider Activity

In related news, EVP Mark D. Papermaster sold 6,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the completion of the transaction, the executive vice president owned 1,233,687 shares in the company, valued at $661,663,348.71. The trade was a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at $1,334,572,400.31. This trade represents a 4.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 378,032 shares of company stock worth $161,876,596 in the last three months. Corporate insiders own 0.50% 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 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

Advanced Micro Devices Stock Up 2.7%

Shares of NASDAQ AMD opened at $551.63 on Tuesday. Advanced Micro Devices, Inc. has a 1 year low of $126.82 and a 1 year high of $562.99. The firm has a 50-day simple moving average of $423.46 and a two-hundred day simple moving average of $288.05. The company has a market cap of $899.49 billion, a P/E ratio of 180.86, a PEG ratio of 1.58 and a beta of 2.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96.

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

Advanced Micro Devices Company Profile

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.