Asset One Wealth Management LLC Invests $4.32 Million in Advanced Micro Devices, Inc. $AMD

Asset One Wealth Management LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 20,168 shares of the semiconductor manufacturer’s stock, valued at approximately $4,319,000.

Several other institutional investors and hedge funds also recently modified their holdings of AMD. Brighton Jones LLC lifted its holdings in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after buying an additional 234 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Advanced Micro Devices by 125.1% in the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after buying an additional 2,970 shares during the period. United Bank lifted its holdings in shares of Advanced Micro Devices by 22.0% in the second quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock valued at $1,881,000 after buying an additional 2,392 shares during the period. Finally, Schnieders Capital Management LLC. lifted its holdings in shares of Advanced Micro Devices by 361.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock valued at $1,310,000 after buying an additional 7,228 shares during the period. Institutional investors own 71.34% 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 signed a definitive agreement with Rackspace to deploy an initial 30 MW of AMD-based AI compute across Rackspace’s global data centers, strengthening AMD’s enterprise AI growth story. Article Title
• Positive Sentiment: Citi raised AMD to Buy and lifted its target to $575, citing major GPU sales potential at Meta and a booming agentic AI server CPU market. Article Title
• Positive Sentiment: Bernstein’s “CPU renaissance” note and related price-target hikes reinforced expectations for stronger data-center CPU demand, with AMD seen as a key beneficiary. Article Title
• Positive Sentiment: AMD’s move to address AI memory bottlenecks with its MEXT acquisition and other ecosystem efforts supports the company’s long-term AI platform strategy. Article Title
• Neutral Sentiment: EVP Mark D. Papermaster sold 6,000 shares under a pre-arranged 10b5-1 plan; this is notable but less likely to change the business outlook. Article Title

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMD. Bank of America upped their price objective on Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a report on Thursday, June 11th. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Raymond James Financial began coverage on Advanced Micro Devices in a report on Wednesday, May 6th. They issued a “market perform” rating for the company. Seaport Research Partners upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price objective for the company in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their price objective on Advanced Micro Devices from $325.00 to $400.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $430.68.

Advanced Micro Devices Trading Up 1.0%

Shares of NASDAQ AMD opened at $512.48 on Thursday. Advanced Micro Devices, Inc. has a 12 month low of $125.77 and a 12 month high of $558.37. The company has a market cap of $835.65 billion, a price-to-earnings ratio of 168.03, a P/E/G ratio of 1.48 and a beta of 2.50. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $404.65 and a 200-day simple moving average of $281.16.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the prior year, the business posted $0.96 earnings per share. Advanced Micro Devices’s revenue was up 37.8% compared to the same quarter last year. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 6,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was 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 of the company’s stock, valued at $661,663,348.71. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the company’s stock in a transaction on 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 sale, the executive vice president directly owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 378,032 shares of company stock valued at $161,876,596 over the last 90 days. 0.50% of the stock is owned by insiders.

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.