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

Key Points

• Pinkerton Wealth LLC purchased 1,234 AMD shares worth approximately $755,000 in the third quarter, while institutional investors collectively own 71.34% of the company.
• AMD insiders sold 231,100 shares valued at about $114.9 million over the past 90 days, including sales by CEO Lisa Su and EVP Forrest Norrod under pre-arranged Rule 10b5-1 plans.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share, beating estimates. Analysts maintain a Moderate Buy consensus with an average price target of $607.57.

Pinkerton Wealth LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,234 shares of the semiconductor manufacturer's stock, valued at approximately $755,000.

A number of other large investors have also added to or reduced their stakes in the company. Southpoint Capital Advisors LP grew its holdings in Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock worth $183,087,000 after purchasing an additional 300,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock worth $1,045,954,000 after purchasing an additional 291,165 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its position in shares of Advanced Micro Devices by 6,968.7% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock worth $85,995,000 after purchasing an additional 138,328 shares in the last quarter. Douglas Lane & Associates LLC increased its position in shares of Advanced Micro Devices by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer's stock worth $52,582,000 after purchasing an additional 82,934 shares in the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. lifted its holdings in shares of Advanced Micro Devices by 1,288.6% during the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer's stock valued at $127,899,000 after purchasing an additional 204,315 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa Su sold 25,000 shares of the company's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the sale, the chief executive officer directly owned 74,211 shares of the company's stock, valued at $37,609,392.69. This represents a 25.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the company's stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the sale, the executive vice president directly owned 353,317 shares in the company, valued at $191,038,501.90. This trade represents a 4.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 231,100 shares of company stock worth $114,867,400. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $504.80 on Monday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. The stock has a market cap of $824.07 billion, a price-to-earnings ratio of 129.77, a PEG ratio of 5.18 and a beta of 2.45. The business has a 50-day moving average price of $548.29 and a 200-day moving average price of $409.20.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results 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 return on equity of 12.30% and a net margin of 15.58%. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Advanced Micro Devices's revenue for the quarter was up 50.1% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMD. CLSA reissued an "outperform" rating and issued a $710.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, September 9th. Truist Financial boosted their target price on Advanced Micro Devices from $478.00 to $594.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group upped their target price on Advanced Micro Devices from $450.00 to $640.00 and gave the company a "buy" rating in a research report on Monday, July 6th. Raymond James Financial upgraded Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and increased their price target for the company from $565.00 to $641.00 in a research note on Tuesday, August 25th. Finally, Wall Street Zen downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Saturday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $607.57.

Advanced Micro Devices News Roundup

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 Profile

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.

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