Tower View Wealth Management LLC Acquires Shares of 6,705 Advanced Micro Devices, Inc. $AMD

Tower View Wealth Management LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,705 shares of the semiconductor manufacturer’s stock, valued at approximately $1,364,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $4,929,312,000. Jennison Associates LLC lifted its stake in Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after purchasing an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $1,000,783,000. Wellington Management Group LLP boosted its holdings in Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after purchasing an additional 3,735,807 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Advanced Micro Devices by 340.1% in the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock valued at $1,016,796,000 after purchasing an additional 3,669,054 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Advanced Micro Devices from $345.00 to $505.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Needham & Company LLC raised shares of Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Roth Mkm reiterated a “buy” rating and set a $500.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. Wolfe Research set a $450.00 price target on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research report on Monday, June 15th. Finally, Citigroup downgraded shares of Advanced Micro Devices from a “buy” rating to a “market perform” rating in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $440.41.

Advanced Micro Devices Price Performance

AMD stock opened at $532.57 on Friday. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $868.41 billion, a P/E ratio of 174.61, a PEG ratio of 1.53 and a beta of 2.50. The business has a 50 day simple moving average of $439.94 and a 200-day simple moving average of $294.52. Advanced Micro Devices, Inc. has a twelve month low of $133.50 and a twelve month high of $562.99.

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 analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. During the same period in the previous year, the company posted $0.96 EPS. The company’s quarterly revenue was up 37.8% on a year-over-year basis. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: UBS raised its AMD price target to $670, reinforcing the bullish case around data center growth and long-term revenue expansion. 5-star analyst sets jaw-dropping AMD stock price target
• Positive Sentiment: Analysts and research firms continue to highlight AMD’s AI server CPU momentum and rising data center revenues, which could support further upside if execution stays strong. AMD’s Supercomputing Gains Fuel AI Data Center Growth: What’s Ahead?
• Positive Sentiment: Gartner called AMD “the company to beat” for enterprise AI server CPUs, adding credibility to the company’s competitive position in a key growth market. Gartner Says AMD Is the ‘Company to Beat for Enterprise AI Server CPUs’
• Positive Sentiment: Micron’s blowout earnings lifted optimism across AI infrastructure spending, which can spill over to AMD as investors reassess demand for semis tied to the AI buildout. Why Is AMD Stock Gaining Thursday?
• Neutral Sentiment: Multiple articles compared AMD with Nvidia and other AI chip peers, but most emphasized that Nvidia still leads on growth and margins, keeping AMD’s valuation debate alive rather than clearly changing the fundamentals. Battle of the Artificial Intelligence (AI) Computing Companies: Is AMD, Broadcom, Nvidia, or Marvell the Best Stock to Buy Now?
• Neutral Sentiment: Broad AI-chip enthusiasm remains intact, but a separate note said the broader semiconductor complex did not fully participate in Micron’s rally, so sector momentum is helping AMD only indirectly. Why Micron earnings aren’t driving Intel, AMD shares higher?

Insider Buying and Selling

In other news, Director Nora Denzel sold 8,626 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the sale, the director owned 87,173 shares in the company, valued at approximately $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the transaction, the executive vice president owned 1,236,037 shares in the company, valued at $432,612,950. This trade represents a 2.47% 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 378,032 shares of company stock valued at $161,876,596 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Profile

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.