Wealthfront Advisers LLC Buys 25,531 Shares of Advanced Micro Devices, Inc. $AMD

Wealthfront Advisers LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 320,629 shares of the semiconductor manufacturer’s stock after purchasing an additional 25,531 shares during the period. Wealthfront Advisers LLC’s holdings in Advanced Micro Devices were worth $65,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Sarver Vrooman Wealth Advisors acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $27,000. Cornerstone Financial Management LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $27,000. Basepoint Wealth LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $30,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $33,000. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. Melius Research set a $540.00 price objective on Advanced Micro Devices in a research note on Monday, May 18th. Wall Street Zen downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Sunday. BTIG Research raised Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group raised their price target on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $500.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $468.65.

Advanced Micro Devices Stock Down 3.5%

Shares of NASDAQ:AMD opened at $529.14 on Thursday. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73. The company has a market capitalization of $862.82 billion, a PE ratio of 173.49, a price-to-earnings-growth ratio of 1.61 and a beta of 2.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The company has a fifty day moving average of $501.23 and a 200-day moving average of $326.46.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same quarter in the previous year, the company posted $0.96 EPS. Advanced Micro Devices’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 6.18 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 6,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the completion of the sale, the executive vice president directly owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 341,630 shares of company stock worth $152,147,456. 0.50% of the stock is currently owned by insiders.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: UBS raised its price target on AMD to $700 and other firms also lifted targets, reinforcing confidence in AMD’s AI accelerators and server CPU growth. “Three Major AI Customers”: 5-Star Analyst Raises AMD Stock Price Target to $700
• Positive Sentiment: Rosenblatt and other analysts turned increasingly bullish ahead of AMD’s upcoming earnings, with some calling it a top pick on expectations for a beat-and-raise quarter. Rosenblatt Raises AMD Stock Price Target Ahead of Q2 Earnings, Calls It a ‘Top Pick’
• Positive Sentiment: Bank of America said AMD could benefit from surging AI server demand and may be entering a stronger phase of its AI infrastructure story, including potential rack-level competition with Nvidia. AMD’s MI450 Could Finally Challenge Nvidia at the Rack Level
• Neutral Sentiment: Commentary pieces highlighted AMD as a strong AI contender and compared it with Nvidia and Broadcom, keeping investor attention focused on its growth potential rather than near-term fundamentals. Advanced Micro Devices: A Strong Contender in the Tech Arena
• Negative Sentiment: AMD is being dragged lower by a broader chip-sector pullback tied to Micron weakness and renewed talk that semiconductors are a crowded trade. Micron Drops 8% on China Competition Fears, Dragging Intel, AMD, and Marvell

Advanced Micro Devices 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.