Cyndeo Wealth Partners LLC Purchases 2,272 Shares of Advanced Micro Devices, Inc. $AMD

Cyndeo Wealth Partners LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 69.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,538 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,272 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $3,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Southpoint Capital Advisors LP raised its position in Advanced Micro Devices by 50.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after buying an additional 300,000 shares during the last quarter. Boomfish Wealth Group LLC purchased a new stake in shares of Advanced Micro Devices in the 1st quarter valued at $1,193,000. Dimensional Fund Advisors LP boosted its holdings in shares of Advanced Micro Devices by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after acquiring an additional 291,165 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Advanced Micro Devices by 6,968.7% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock valued at $85,995,000 after acquiring an additional 138,328 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its stake in shares of Advanced Micro Devices by 2,748.0% in the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer’s stock worth $52,582,000 after acquiring an additional 82,934 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 6.0%

Advanced Micro Devices stock opened at $528.75 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The stock’s 50 day simple moving average is $537.02 and its two-hundred day simple moving average is $472.22. The firm has a market cap of $863.17 billion, a PE ratio of 135.93, a P/E/G ratio of 5.81 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business’s revenue was up 50.1% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. Analysts anticipate that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current year.

Analyst Ratings Changes

AMD has been the subject of several recent research reports. Raymond James Financial raised shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $565.00 to $641.00 in a report on Tuesday, August 25th. CLSA reaffirmed an “outperform” rating and issued a $710.00 price target on shares of Advanced Micro Devices in a report on Wednesday, September 9th. DA Davidson upped their price target on shares of Advanced Micro Devices from $425.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Piper Sandler began coverage on Advanced Micro Devices in a research report on Tuesday, September 15th. They set an “overweight” rating and a $600.00 price target on the stock. Finally, Bank of America lifted their price objective on Advanced Micro Devices from $620.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $603.51.

Advanced Micro Devices News Summary

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

Insider Activity

In related news, EVP Jean X. Hu sold 15,000 shares of the 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 of the company’s stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This represents 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. Insiders sold a total of 213,838 shares of company stock valued at $105,533,836 in the last three months. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.