Advanced Micro Devices, Inc. $AMD Shares Purchased by Aprio Wealth Management LLC

Key Points

• Aprio Wealth Management increased its AMD stake by 21.3% in the third quarter, bringing its holdings to 7,574 shares valued at approximately $4.63 million. Institutional investors collectively own 71.34% of AMD.
• AMD insiders sold 231,100 shares worth about $114.9 million last quarter, including sales by CEO Lisa Su and EVP Jean Hu, both conducted under pre-arranged Rule 10b5-1 plans.
• AMD’s latest quarterly results exceeded expectations, with $1.66 in EPS and $11.54 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $607.57.

Aprio Wealth Management LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 21.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,574 shares of the semiconductor manufacturer's stock after buying an additional 1,330 shares during the quarter. Aprio Wealth Management LLC's holdings in Advanced Micro Devices were worth $4,633,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMD. BlackRock Inc. increased its holdings in shares of Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after acquiring an additional 4,535,126 shares during the last quarter. State Street Corp lifted its stake in Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock worth $46,606,266,000 after purchasing an additional 2,149,563 shares during the last quarter. Bank of America Corp DE bought a new position in Advanced Micro Devices during the second quarter worth $7,022,226,000. Jennison Associates LLC boosted its holdings in Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock worth $5,793,388,000 after purchasing an additional 545,575 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock worth $5,422,444,000 after purchasing an additional 2,365,419 shares during the period. Institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 70,000 shares of the company's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the completion of the sale, the chief executive officer owned 3,032,156 shares in the company, valued at $1,536,696,660.80. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the transaction, the executive vice president directly owned 160,979 shares of the company's stock, valued at $76,316,924.32. This represents a 8.52% 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 231,100 shares of company stock worth $114,867,400 in the last quarter. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Trading Down 10.9%

Advanced Micro Devices stock opened at $504.80 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The stock has a market capitalization of $824.07 billion, a PE ratio of 129.77, a price-to-earnings-growth ratio of 5.81 and a beta of 2.45. The firm has a 50 day simple moving average of $548.29 and a 200-day simple moving average of $409.20.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The firm's quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 earnings per share. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on AMD shares. Sanford C. Bernstein reiterated an "outperform" rating and set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Cantor Fitzgerald restated an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, October 5th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $540.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. KeyCorp set a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Melius Research set a $660.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $607.57.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD’s data-center revenue reportedly nearly doubled, and its Helios rack-scale systems, EPYC processors and Instinct GPUs are being deployed in Meta’s AI infrastructure. The companies also expanded their relationship through a planned $1 billion equity investment and multigeneration chip collaboration. AMD Expands AI Footprint With Meta
• Positive Sentiment: Rackspace selected AMD-powered infrastructure for HGS’s private AI deployment, adding another enterprise use case for AMD’s data-center products. HGS Selects Rackspace Technology for Private AI Infrastructure
• Positive Sentiment: Rakuten Investment Management disclosed a new approximately $283.7 million AMD position, while many large institutions—including JPMorgan, Invesco, FMR and BlackRock—reported adding shares in recent quarters. Rakuten Opens AMD Position
• Positive Sentiment: Analyst targets remain broadly above the current share price, with a reported six-month median target of $512.50 and several targets ranging from $560 to $700.
• Neutral Sentiment: AMD is scheduled to report third-quarter results on Nov. 3. Investors will focus on data-center growth, AI accelerator demand, supply constraints and management’s outlook for 2027.
• Neutral Sentiment: Recent commentary highlights a sharply divided outlook: AMD’s AI growth is accelerating, but its valuation leaves little room for an earnings or guidance disappointment. AMD Earnings Preview
• Negative Sentiment: Intel’s disappointing fourth-quarter forecast, weak PC-market conditions and margin concerns triggered a broad semiconductor selloff. Investors are questioning whether AMD faces similar demand or supply pressures. AMD Shares Slide After Intel Earnings
• Negative Sentiment: Several reports argue AMD is priced more aggressively than NVIDIA despite slower expected growth, making the stock vulnerable to profit-taking before earnings. AMD Reports on Nov. 3
• Negative Sentiment: Insiders have reported 147 open-market sales and no purchases over the past six months, including substantial sales by CEO Lisa Su and other executives. Cathie Wood’s ARK Invest has also continued trimming AMD, adding to near-term sentiment pressure.

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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