Advanced Micro Devices, Inc. $AMD Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 727.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 250,325 shares of the semiconductor manufacturer’s stock after purchasing an additional 220,055 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Advanced Micro Devices were worth $53,610,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. James J. Burns & Company LLC raised its stake in Advanced Micro Devices by 2.3% during the 4th quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock worth $389,000 after acquiring an additional 40 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its stake in Advanced Micro Devices by 0.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer’s stock worth $1,052,000 after acquiring an additional 43 shares in the last quarter. OneAscent Family Office LLC raised its stake in Advanced Micro Devices by 2.6% during the 3rd quarter. OneAscent Family Office LLC now owns 1,755 shares of the semiconductor manufacturer’s stock worth $284,000 after acquiring an additional 44 shares in the last quarter. Willis Johnson & Associates Inc. raised its stake in Advanced Micro Devices by 1.9% during the 4th quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock worth $493,000 after acquiring an additional 44 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in Advanced Micro Devices by 12.7% during the 3rd quarter. Addison Advisors LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $65,000 after acquiring an additional 45 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 0.4%

Shares of NASDAQ:AMD opened at $449.59 on Friday. The company has a market cap of $733.10 billion, a price-to-earnings ratio of 147.41, a PEG ratio of 1.33 and a beta of 2.40. The firm’s 50-day simple moving average is $292.17 and its 200-day simple moving average is $245.31. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a fifty-two week low of $107.67 and a fifty-two week high of $469.21.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Insider Activity

In related news, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president owned 105,222 shares in the company, valued at $46,759,604.58. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the sale, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. This trade represents a 2.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 309,598 shares of company stock valued at $105,644,316 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD announced production ramp of its 6th Gen EPYC “Venice” chips on TSMC’s 2nm technology, a major manufacturing milestone that could strengthen its competitiveness in servers and AI infrastructure.
• Positive Sentiment: AMD said it will invest more than $10 billion in Taiwan’s AI ecosystem to expand advanced packaging and manufacturing partnerships, including work with ASE, SPIL and other suppliers, which should help scale future AI products. Article Title
• Positive Sentiment: Reuters reported Amkor is working with AMD on advanced packaging, reinforcing the idea that AMD is broadening its manufacturing ecosystem to support next-gen chip launches. Article Title
• Positive Sentiment: Analysts and market commentary remain constructive, with several notes highlighting AMD’s expanding AI CPU opportunity and the potential for continued upside as the AI trade broadens beyond Nvidia. Article Title
• Positive Sentiment: Bank of America and other firms have recently named AMD among their preferred AI chip stocks, which can help sentiment and support the stock’s valuation. Article Title
• Neutral Sentiment: Some articles frame the stock as expensive after a huge run, suggesting investors may be debating valuation even as the fundamental AI narrative improves.
• Negative Sentiment: AMD also got pulled lower in some broader chip-trade weakness after Nvidia’s earnings-related volatility, showing the stock can move with the semiconductor group rather than on AMD-specific news alone. Article Title

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMD. Needham & Company LLC upgraded shares of Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. TD Cowen raised their price objective on shares of Advanced Micro Devices from $290.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wolfe Research assumed coverage on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. They set a “peer perform” rating on the stock. Finally, BTIG Research raised shares of Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $410.00.

About Advanced Micro Devices

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.