Advanced Micro Devices, Inc. $AMD Stock Purchased by Snider Financial Group

Snider Financial Group boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 996.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,351 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,954 shares during the period. Snider Financial Group’s holdings in Advanced Micro Devices were worth $2,662,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMD. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth about $29,000. JNBA Financial Advisors raised its stake in shares of Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 30 shares in the last quarter. Downshift Financial LLC raised its stake in shares of Advanced Micro Devices by 850.0% in the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Bullseye Investment Management LLC acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $44,000. Finally, Luminist Capital LLC acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $46,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 6.0%

AMD stock opened at $528.75 on Friday. 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 fifty day moving average price of $537.02 and a two-hundred day moving average price of $472.22. The firm has a market cap of $863.17 billion, a price-to-earnings ratio of 135.93, a PEG ratio of 5.46 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $11.31 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was up 50.1% compared to the same quarter last year. Research analysts predict that Advanced Micro Devices, Inc. will post 6.49 EPS for the current year.

More Advanced Micro Devices News

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

• Positive Sentiment: Arete raised its AMD price target to $612 from $540, while recent commentary highlighted the company’s expanding data-center business, AI accelerator opportunity and open Helion rack-scale architecture. Arete Adjusts Price Target on Advanced Micro Devices
• Positive Sentiment: AMD’s credit-support agreement for Fermi’s Texas data-center power lease is viewed as a potential AI infrastructure catalyst, although Fermi still faces liquidity and lease-related risks. AMD’s Support Could Help Fermi Stock
• Neutral Sentiment: ETF investors were net sellers of AMD on October 14, adding to short-term trading pressure but offering little insight into the company’s operating outlook. ETFs Are Net Sellers of AMD
• Negative Sentiment: A broad semiconductor selloff intensified after a Qualcomm jury verdict, with Arm, AMD and Taiwan Semiconductor declining together. Investors are questioning whether AI infrastructure spending can sustain current expectations, particularly as elevated interest rates pressure richly valued growth stocks. Arm and AMD Fall as Qualcomm Verdict Adds to Chip Selloff
• Negative Sentiment: Analysts and investors are also reassessing AMD’s elevated valuation, AI financing risks and the sustainability of extremely high data-center spending. Reports of widespread insider selling may further weigh on sentiment, even though institutional ownership remains substantial. AMD Slides as Chip Selloff Continues

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. DA Davidson increased their price target on shares of Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Bank of America boosted their price objective on Advanced Micro Devices from $620.00 to $720.00 and gave the company a “buy” rating in a report on Friday, September 25th. Citigroup boosted their price objective on Advanced Micro Devices from $575.00 to $800.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Argus upped their price objective on Advanced Micro Devices from $450.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Three 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $603.51.

Insider Buying and Selling at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,993 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the sale, the senior vice president owned 26,623 shares in the company, valued at $13,010,393.87. This represents a 10.11% decrease in their ownership of the stock. 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 25,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the completion of the transaction, the chief executive officer directly owned 74,211 shares in the company, valued at $37,609,392.69. This represents a 25.20% 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. Over the last quarter, insiders have sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices 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.