Advanced Micro Devices, Inc. $AMD Shares Newly Acquired by Pinkerton Wealth LLC

Pinkerton Wealth LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, HoldingsChannel reports. The institutional investor bought 1,234 shares of the semiconductor manufacturer’s stock, valued at approximately $755,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtue Capital Management LLC grew its stake in shares of Advanced Micro Devices by 10.6% in the third quarter. Virtue Capital Management LLC now owns 9,179 shares of the semiconductor manufacturer’s stock worth $5,615,000 after acquiring an additional 880 shares in the last quarter. Nippon Life Global Investors Americas Inc. increased its position in shares of Advanced Micro Devices by 0.7% during the third quarter. Nippon Life Global Investors Americas Inc. now owns 124,040 shares of the semiconductor manufacturer’s stock worth $75,883,000 after acquiring an additional 820 shares during the period. DecisionMap Wealth Management LLC increased its position in shares of Advanced Micro Devices by 13.1% during the third quarter. DecisionMap Wealth Management LLC now owns 1,137 shares of the semiconductor manufacturer’s stock worth $696,000 after acquiring an additional 132 shares during the period. Bell Investment Advisors Inc raised its stake in shares of Advanced Micro Devices by 18.8% in the third quarter. Bell Investment Advisors Inc now owns 1,199 shares of the semiconductor manufacturer’s stock valued at $734,000 after acquiring an additional 190 shares in the last quarter. Finally, Hoey Investments Inc. raised its stake in shares of Advanced Micro Devices by 1.3% in the third quarter. Hoey Investments Inc. now owns 1,852 shares of the semiconductor manufacturer’s stock valued at $1,133,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 70,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the completion of the sale, the chief executive officer owned 3,032,156 shares in the company, valued at $1,536,696,660.80. This represents a 2.26% 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 sold a total of 231,100 shares of company stock worth $114,867,400 over the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD is viewed by some analysts as a buy ahead of earnings, with expectations for continued growth in data-center and AI-related products. A strong report or upbeat outlook could help restore confidence after the recent pullback. AMD, ANET, DDOG: 3 Tech Stocks to Buy Ahead of Earnings, According to Analysts
• Positive Sentiment: Institutional positioning provides a bullish signal: Tiger Global reportedly opened a roughly $392 million AMD position in the second quarter. Although ARK Invest reduced its AMD stake by 48%, the chipmaker remained one of ARK’s largest holdings. A $24 Billion Hedge Fund Bought Advanced Micro Devices. Cathie Wood Cut Her Stake 48%. Who’s Right?
• Positive Sentiment: AMD’s shares rebounded alongside Nvidia and Broadcom after Friday’s sector-wide decline, suggesting some investors are treating the sell-off as a buying opportunity ahead of major technology earnings.
• Neutral Sentiment: Tuesday’s results are a major near-term catalyst. Management commentary on AI infrastructure demand, customer spending and memory costs could determine whether the broader AI-chip trade recovers or remains under pressure. AMD, Arista, Supermicro Earnings Previews: Can AI Infrastructure Shake Off Friday’s Rout?
• Negative Sentiment: Intel’s weaker outlook, attributed partly to declining PC shipments, has raised concerns that AMD could also face softness in its PC business. Investors are also questioning AMD’s roughly 130 price-to-earnings ratio and whether AI-related growth already reflects overly optimistic expectations. Intel Has a Massive Warning for AMD Stock Investors

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $504.80 on Monday. The company has a market capitalization of $824.07 billion, a P/E ratio of 129.77, a price-to-earnings-growth ratio of 5.18 and a beta of 2.45. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $548.29 and its two-hundred day moving average is $409.20. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The firm’s revenue was up 50.1% compared to the same quarter last year. Equities analysts forecast that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.

Analyst Upgrades and Downgrades

AMD has been the subject of several analyst reports. Citigroup boosted their target price on Advanced Micro Devices from $575.00 to $800.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Robert W. Baird set a $1,250.00 price target on Advanced Micro Devices in a research report on Friday, July 24th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. The Goldman Sachs Group lifted their price objective on Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Finally, DA Davidson boosted their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $607.57.

About Advanced Micro Devices

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

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