Adams Wealth Management Buys 6,231 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Adams Wealth Management has increased its stake in Advanced Micro Devices, Inc. (NASDAQ: AMD) by 26.5%, owning 29,752 shares valued at approximately $3.06 million after additional purchases in the first quarter.
• Advanced Micro Devices reported earnings of $0.48 per share, missing estimates by $0.06, while revenue was up 31.7% year-on-year, totaling $7.69 billion for the most recent quarter.
• The company's Board of Directors authorized a $6 billion share repurchase program, indicating confidence in the stock's value while approximately 71.34% of its shares are owned by institutional investors.

Adams Wealth Management grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 26.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,752 shares of the semiconductor manufacturer's stock after buying an additional 6,231 shares during the quarter. Adams Wealth Management's holdings in Advanced Micro Devices were worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after acquiring an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after acquiring an additional 29,825 shares in the last quarter. Main Street Financial Solutions LLC raised its stake in shares of Advanced Micro Devices by 3.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after acquiring an additional 98 shares in the last quarter. Finally, Farringdon Capital Ltd. bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $226,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMD. Morgan Stanley cut their price objective on Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Robert W. Baird dropped their price target on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Wedbush reaffirmed a "cautious" rating on shares of Advanced Micro Devices in a research report on Saturday, August 9th. Finally, Erste Group Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $180.12.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $9.59 during trading hours on Tuesday, reaching $166.55. The company had a trading volume of 63,358,217 shares, compared to its average volume of 46,952,570. The stock has a 50-day moving average of $151.80 and a two-hundred day moving average of $120.71. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65. The firm has a market capitalization of $270.28 billion, a PE ratio of 95.72, a PEG ratio of 2.10 and a beta of 1.94. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the company earned $0.69 earnings per share. The business's revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its board has initiated a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.