Advanced Micro Devices, Inc. $AMD Shares Acquired by Waterway Wealth Management LLC

Key Points

• Waterway Wealth Management increased its stake in AMD by 153.7% in the fourth quarter, ending with 4,457 shares valued at about $955,000.
• Other major institutions also added to AMD positions, and institutional investors now own 71.34% of the company, underscoring strong professional ownership interest.
• AMD continues to draw upbeat analyst and business news: several firms raised price targets, the company reported better-than-expected quarterly earnings and revenue, and it announced new AI-related moves including a Rackspace deployment and the acquisition of MEXT.

Waterway Wealth Management LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 153.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,457 shares of the semiconductor manufacturer's stock after buying an additional 2,700 shares during the period. Waterway Wealth Management LLC's holdings in Advanced Micro Devices were worth $955,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Advanced Micro Devices by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock valued at $33,949,256,000 after buying an additional 2,525,109 shares in the last quarter. State Street Corp grew its position in Advanced Micro Devices by 1.5% in the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer's stock valued at $16,044,712,000 after buying an additional 1,094,835 shares in the last quarter. Geode Capital Management LLC grew its position in Advanced Micro Devices by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock valued at $8,015,897,000 after buying an additional 287,525 shares in the last quarter. Norges Bank bought a new position in Advanced Micro Devices in the 4th quarter valued at about $4,929,312,000. Finally, Amundi grew its position in Advanced Micro Devices by 17.5% in the 3rd quarter. Amundi now owns 13,486,227 shares of the semiconductor manufacturer's stock valued at $2,181,937,000 after buying an additional 2,012,865 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

AMD has been the subject of a number of recent analyst reports. KeyCorp increased their target price on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. Melius Research set a $540.00 price objective on shares of Advanced Micro Devices in a research report on Monday, May 18th. Morgan Stanley raised their price objective on shares of Advanced Micro Devices from $360.00 to $410.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. Truist Financial set a $478.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. Finally, Evercore restated an "outperform" rating and set a $579.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $428.65.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD announced a definitive agreement with Rackspace Technology to deploy an initial 30 MW of AMD-based AI compute across Rackspace’s global data centers, reinforcing AMD’s growing role in enterprise AI infrastructure and giving investors another proof point for demand outside hyperscalers. AMD and Rackspace Technology Sign Definitive Agreement for Phased Deployment of 30 MW of AMD AI Compute
• Positive Sentiment: AMD also got a boost from its acquisition of MEXT, a memory-optimization startup aimed at easing AI memory bottlenecks, which investors view as a strategic move to improve performance in memory-heavy AI workloads. AMD buys data center memory optimization startup Mext
• Positive Sentiment: Wall Street remains constructive on AMD, with coverage highlighting upside to earnings estimates, strong AI chip roadmap execution, and AMD’s appearance on lists of favored growth stocks, supporting the stock’s broader rally. Wolfe Research sees substantial upside to AMD estimates
• Neutral Sentiment: Some investors are rotating into AMD as a high-growth AI name, with articles noting it as a top pick among growth investors and one of the standout performers in the AI boom. 5 Best Growth Stocks to Buy According to Billionaire Ray Dalio’s Bridgewater Associates
• Negative Sentiment: Recent trading also reflects pressure from large holders, including Ark Invest trimming AMD shares and reports of heavy insider selling, which can raise concerns about near-term valuation after the stock’s strong run. Cathie Wood Keeps Selling AMD: This Time Ark Dumps Another $12 Millions In Shares
• Negative Sentiment: Some coverage says AMD has been slipping alongside the broader market and that profit-taking may be weighing on shares after a sharp year-to-date advance. Advanced Micro Devices (AMD) Dips More Than Broader Market: What You Should Know

Advanced Micro Devices Price Performance

AMD stock opened at $507.29 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a one year low of $125.77 and a one year high of $558.37. The firm has a market capitalization of $827.19 billion, a PE ratio of 166.33, a P/E/G ratio of 1.60 and a beta of 2.50. The firm has a 50-day moving average of $398.80 and a two-hundred day moving average of $279.06.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The business's quarterly revenue was up 37.8% on a year-over-year basis. On average, analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Nora Denzel sold 8,626 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the sale, the director directly owned 87,173 shares of the company's stock, valued at $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the sale, the executive vice president directly owned 324,527 shares of the company's stock, valued at $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 372,032 shares of company stock valued at $158,658,616 over the last ninety days. Insiders own 0.50% of the company's stock.

Advanced Micro Devices Company 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.

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