11,970 Advanced Micro Devices, Inc. $AMD Shares Acquired by HWG Holdings LP

Key Points

• HWG Holdings LP increased its AMD position by 202.5%, purchasing 11,970 additional shares to own 17,882 shares worth approximately $10.9 million. Institutional investors collectively hold 71.34% of AMD’s stock.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and EPS of $1.66, exceeding analyst estimates. Shares opened at $645.86, near their 52-week high, but carry elevated valuation metrics including a P/E ratio of 166.03.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $585.26, while company insiders sold $105.5 million of stock over the past three months.

HWG Holdings LP increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 202.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,882 shares of the semiconductor manufacturer's stock after buying an additional 11,970 shares during the quarter. Advanced Micro Devices accounts for 2.5% of HWG Holdings LP's portfolio, making the stock its 11th biggest holding. HWG Holdings LP's holdings in Advanced Micro Devices were worth $10,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Advanced Micro Devices in the third quarter valued at $29,000. JNBA Financial Advisors lifted its position in Advanced Micro Devices by 142.9% in the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after purchasing an additional 30 shares during the period. Graney & King LLC acquired a new stake in Advanced Micro Devices during the first quarter worth $31,000. Finally, Main Street Group LTD acquired a new stake in Advanced Micro Devices during the first quarter worth $33,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 0.5%

Shares of AMD opened at $645.86 on Thursday. The company has a market capitalization of $1.05 trillion, a P/E ratio of 166.03, a PEG ratio of 6.73 and a beta of 2.45. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52. The business's 50 day simple moving average is $523.60 and its 200-day simple moving average is $455.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Loop Capital upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Tuesday, June 16th. KeyCorp set a $650.00 price objective on Advanced Micro Devices in a report on Wednesday, August 5th. Wolfe Research set a $450.00 price objective on Advanced Micro Devices and gave the company an "outperform" rating in a research note on Monday, June 15th. Wedbush reissued an "outperform" rating and issued a $600.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Barclays downgraded Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research report on Friday, June 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $585.26.

Advanced Micro Devices News Summary

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

• Positive Sentiment: TSMC reported record third-quarter revenue of NT$1.49 trillion, up 50% year over year and above expectations. The results reinforce demand for advanced processors used by AMD and Nvidia, supporting the long-term data-center growth outlook. Nvidia and AMD fuel a $46.7B TSMC quarter
• Positive Sentiment: CEO Lisa Su is reportedly pursuing deeper cooperation with Samsung and SK Hynix in memory, manufacturing and AI research. Such relationships could help AMD address supply constraints and expand its AI infrastructure presence. AMD explores Samsung partnership
• Positive Sentiment: Recent bullish analyst actions remain a support, including Citi’s increase of its AMD price target to $800 from $575 and a separate upgrade that reportedly lifted the shares. Analysts cite agentic AI, Meta’s Muse project and expanding CPU demand. Citigroup adjusts AMD price target

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,261 shares of the firm's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total value of $8,683,146.05. Following the completion of the sale, the executive vice president owned 363,317 shares in the company, valued at approximately $182,766,616.85. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 213,838 shares of company stock valued at $105,533,836 over the last three months. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.