SMART Wealth LLC Buys 2,774 Shares of Advanced Micro Devices, Inc. $AMD

SMART Wealth LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 234.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,955 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,774 shares during the quarter. SMART Wealth LLC’s holdings in Advanced Micro Devices were worth $2,297,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $4,929,312,000. Jennison Associates LLC lifted its position in shares of Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after buying an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $1,000,783,000. Wellington Management Group LLP lifted its position in shares of Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after buying an additional 3,735,807 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Advanced Micro Devices by 340.1% in the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock valued at $1,016,796,000 after buying an additional 3,669,054 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $466.42 on Thursday. The company has a 50 day moving average price of $512.54 and a 200 day moving average price of $373.22. The firm has a market capitalization of $761.42 billion, a P/E ratio of 119.90 and a beta of 2.48. 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 $149.22 and a 52 week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the previous year, the firm earned $0.48 EPS. Advanced Micro Devices’s revenue was up 50.1% compared to the same quarter last year. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 15,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the sale, the executive vice president directly owned 117,687 shares of the company’s stock, valued at $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares in the company, valued at approximately $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 163,959 shares of company stock valued at $77,640,312. Company insiders own 0.50% of the company’s stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD appointed Tim Ryan to its board, adding expertise in technology, enterprise operations and financial governance. KC McClure was named chair of the Audit and Finance Committee, potentially strengthening oversight. AMD Appoints Tim Ryan to Board of Directors
• Positive Sentiment: Analysts and investment commentary remain constructive on AMD’s long-term outlook. CEO Lisa Su’s projection for more than 80% growth in server revenue, excluding AI accelerators, supports the strength of the broader data-center business. AMD Server Revenue Growth Outlook
• Positive Sentiment: AMD’s Helios platform, Instinct Coder private-enterprise AI offering and memorandum of understanding with Mexico’s Secihti add to the company’s AI and international growth initiatives. Their near-term earnings contribution remains uncertain. AMD Instinct Coder
• Neutral Sentiment: AMD’s latest quarterly results exceeded expectations, with revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share versus the $1.62 consensus. However, investors are increasingly demanding continued acceleration from the AI business.
• Negative Sentiment: A renewed technology sell-off pressured chip stocks even as major indexes recovered and Treasury yields eased. Concerns about borrowing costs, inflation, geopolitical tensions and elevated oil prices are weighing on high-growth AI names. Why Intel and AMD Stocks Are Falling
• Negative Sentiment: Valuation is a key risk: AMD trades at a high earnings multiple and at a premium to NVIDIA, leaving the stock vulnerable to disappointment or profit-taking despite strong growth forecasts. Analysts remain broadly bullish, with a reported consensus target of $546.87. AMD Versus NVIDIA Valuation
• Negative Sentiment: ARK Invest recently sold AMD shares while purchasing NVIDIA, adding modest near-term selling pressure and highlighting investor preference shifts within AI-chip stocks. Executive share sales were made under pre-arranged plans to cover tax withholding, reducing their bearish significance. ARK Invest Sells AMD

Analyst Ratings Changes

AMD has been the subject of several recent analyst reports. Zacks Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Raymond James Financial began coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a “market perform” rating for the company. TD Cowen reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Bank of America upped their price target on Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $546.87.

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.