Advanced Micro Devices, Inc. $AMD Stock: SVB Wealth LLC Raises Stake

SVB Wealth LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,963 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,890 shares during the quarter. SVB Wealth LLC’s holdings in Advanced Micro Devices were worth $6,707,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMD. DecisionPoint Financial LLC grew its stake in shares of Advanced Micro Devices by 79.2% during the third quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 19 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Advanced Micro Devices in the 3rd quarter worth approximately $29,000. JNBA Financial Advisors raised its position in Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 30 shares during the last quarter. Downshift Financial LLC raised its position in Advanced Micro Devices by 850.0% in the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 51 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in Advanced Micro Devices during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $585.30 on Friday. The stock has a market cap of $959.94 billion, a P/E ratio of 127.24, a price-to-earnings-growth ratio of 5.32 and a beta of 2.49. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The stock’s 50-day moving average price is $552.99 and its two-hundred day moving average price is $420.72. The company has a current ratio of 2.72, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The company had revenue of $13.38 billion for the quarter, compared to analyst estimates of $13.10 billion. During the same quarter last year, the firm posted $1.20 earnings per share. Advanced Micro Devices’s revenue was up 44.7% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

Top Advanced Micro Devices Stories

Here are a few of the latest stories about AMD:

• Positive Sentiment: Bank of America raised its price target to $700 from $650 and maintained a Buy rating, citing AMD’s roadmap; William Blair also upgraded the stock to Outperform. Bank of America revises AMD target
• Positive Sentiment: AMD introduced its Instinct MI450X data-center GPU, broadening its AI chip offering. The company also expanded its PsiQuantum partnership and plans to invest in the quantum-computing firm, a longer-term opportunity. AMD unveils new AI GPU AMD PsiQuantum investment
• Negative Sentiment: Valuation remains a risk after the rally, while potential export-control burdens and industry cost pressures could weigh on margins and cash flow. Industry risks amid Nvidia transition

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Advanced Micro Devices from $550.00 to $575.00 and gave the company a “neutral” rating in a research report on Wednesday, November 4th. CLSA restated an “outperform” rating and set a $710.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, September 9th. The Goldman Sachs Group restated a “buy” rating and set a $675.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Piper Sandler cut Advanced Micro Devices from an “overweight” rating to a “neutral” rating in a report on Thursday. Finally, UBS Group decreased their price target on Advanced Micro Devices from $730.00 to $700.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $640.11.

Insider Activity at Advanced Micro Devices

In related news, EVP Jean X. Hu sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 25,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $37,609,392.69. The trade was a 25.20% decrease in their ownership of the stock. 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 have sold 223,588 shares of company stock valued at $111,208,302 over the last three months. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.