Advanced Micro Devices, Inc. $AMD Shares Bought by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 90.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,505 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,145 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in Advanced Micro Devices were worth $2,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. TSG Advice Partners LLC bought a new position in shares of Advanced Micro Devices in the third quarter worth $1,316,000. bLong Financial LLC raised its stake in shares of Advanced Micro Devices by 0.6% during the 3rd quarter. bLong Financial LLC now owns 15,810 shares of the semiconductor manufacturer’s stock valued at $9,672,000 after purchasing an additional 100 shares during the period. CKW Financial Group raised its stake in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer’s stock valued at $893,000 after purchasing an additional 18 shares during the period. True Freedom Investing LLC purchased a new stake in Advanced Micro Devices during the 3rd quarter worth about $1,074,000. Finally, Woodmont Investment Counsel LLC lifted its holdings in Advanced Micro Devices by 88.2% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 2,640 shares of the semiconductor manufacturer’s stock worth $1,615,000 after purchasing an additional 1,237 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Forrest Norrod sold 17,262 shares of Advanced Micro Devices stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the sale, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. This trade represents a 4.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the transaction, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. The trade was a 2.23% 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 three months, insiders sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMD has been the subject of several analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Stifel Nicolaus upped their price target on Advanced Micro Devices from $635.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Robert W. Baird set a $1,250.00 price target on shares of Advanced Micro Devices in a report on Friday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Advanced Micro Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $608.78.

Advanced Micro Devices Trading Down 7.5%

Shares of AMD stock opened at $466.84 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. The company has a market capitalization of $762.10 billion, a PE ratio of 120.01, a price-to-earnings-growth ratio of 5.94 and a beta of 2.45. The business’s fifty day moving average is $548.16 and its 200 day moving average is $410.43.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same quarter last year, the company earned $0.48 earnings per share. The firm’s quarterly revenue was up 50.1% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Expectations remain favorable for AMD’s AI business. Its Helios AI systems began shipping in September, and investors will look for evidence that the product ramp can accelerate revenue growth. Analysts also cite strong AI demand and increasing EPYC server adoption as potential catalysts. AMD Reports Tuesday: Here’s the Number That Will Show Whether It’s Gaining on Nvidia
• Positive Sentiment: Morgan Stanley raised its AMD price target from $465 to $510 while maintaining an Equal Weight rating, suggesting some upside despite a cautious stance. Separately, Tiger Global reportedly initiated a roughly $392 million AMD position, signaling institutional interest ahead of earnings. Morgan Stanley AMD Ratings
• Neutral Sentiment: Third-quarter revenue is expected to be close to AMD’s approximately $13 billion forecast, making fourth-quarter guidance the key share-price catalyst. Investors will focus on the pace of Helios shipments, AI demand from hyperscalers and management’s outlook for Nvidia competition. AMD’s Guidance in Focus During Q3 Results
• Negative Sentiment: AMD is entering the report after a sharp pullback from its high, with options markets implying substantial post-earnings volatility and some data suggesting a possible further decline. Its elevated valuation increases the risk of a negative reaction if guidance fails to exceed expectations. Ahead of AMD Earnings: What Barchart Data Says Comes Next
• Negative Sentiment: Intel’s warning has revived concerns about weakness in the PC market, while rising memory prices and tighter supply could pressure costs across AI infrastructure. Analysts have also flagged competition, high expectations and “circular investing” risks involving AI companies.

About Advanced Micro Devices

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.