1,330 Advanced Micro Devices, Inc. $AMD Shares Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 48.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,054 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,330 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Advanced Micro Devices were worth $2,480,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMD. Bank of America Corp DE purchased a new stake in Advanced Micro Devices in the 2nd quarter worth about $7,022,226,000. BlackRock Inc. lifted its stake in Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares during the last quarter. Jupiter Topco LLC bought a new stake in Advanced Micro Devices in the second quarter worth about $2,084,651,000. Wellington Management Group LLP boosted its position in shares of Advanced Micro Devices by 33.9% during the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock valued at $5,422,444,000 after buying an additional 2,365,419 shares during the period. Finally, State Street Corp boosted its position in shares of Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after buying an additional 2,149,563 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMD. Wells Fargo & Company upped their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Raymond James Financial upgraded Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $565.00 to $641.00 in a report on Tuesday, August 25th. TD Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Bank of America boosted their price objective on Advanced Micro Devices from $620.00 to $720.00 and gave the company a “buy” rating in a report on Friday, September 25th. Finally, Roth Capital boosted their price objective on Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $593.82.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: New AI infrastructure platform: AMD introduced its Helion open rack-scale design for agentic AI, combining EPYC CPUs, Instinct GPUs and flexible CPU-only configurations. The platform is expected to become available in November and could expand AMD’s role in enterprise and hyperscale data centers. AMD unveils Helion open rack blueprint for agentic AI
• Positive Sentiment: Scaleway customer win: Cloud provider Scaleway plans to build an AMD-powered AI supercomputer in Sweden, providing evidence of demand for AMD’s data-center GPUs and CPUs. Scaleway to build AMD-powered AI supercomputer in Sweden
• Positive Sentiment: Long-term AI opportunity: CEO Lisa Su said AI inference and agentic applications could drive roughly $1.5 trillion in demand by 2030, supporting the bullish case for AMD’s accelerator and infrastructure roadmap. AMD CEO Lisa Su discusses AI inference demand
• Neutral Sentiment: Analyst optimism versus valuation risk: Some analysts see AMD’s CPU and AI growth supporting substantially higher prices, while other coverage highlights its very high earnings multiple and the need for future product growth to justify the valuation. AMD CPU boom lifts target
• Negative Sentiment: Broad semiconductor selloff: AMD shares fell alongside Nvidia, Intel and memory stocks as investors took profits after a powerful run and questioned whether financing constraints could slow AI data-center expansion. Intensifying competition from China added to the pressure. Why Intel and AMD stocks are falling
• Negative Sentiment: Demand and sentiment concerns: A reset in OpenAI revenue expectations has prompted investors to reassess AI spending and AMD’s potential accelerator demand, while the reported sale of up to $5 million of AMD stock by President Trump’s investment team adds a modest sentiment headwind. AMD stock falls after AI revenue reset

Advanced Micro Devices Trading Up 0.3%

Shares of NASDAQ AMD traded up $1.55 during trading hours on Tuesday, reaching $595.79. The stock had a trading volume of 10,490,352 shares, compared to its average volume of 32,300,379. The business’s fifty day moving average price is $531.14 and its two-hundred day moving average price is $463.99. The firm has a market cap of $972.61 billion, a price-to-earnings ratio of 153.32, a P/E/G ratio of 6.29 and a beta of 2.45. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. 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 (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The business’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. Analysts expect that Advanced Micro Devices, Inc. will post 6.45 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed 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 dated 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 transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 213,838 shares of company stock worth $105,533,836 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

About Advanced Micro Devices

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.