Advanced Micro Devices, Inc. $AMD Stock Acquired by Artemis Wealth Advisors LLC

Key Points

• Artemis Wealth Advisors increased its AMD stake by 28% in the third quarter, adding 3,500 shares to hold 16,000 shares worth about $9.8 million. Institutional investors collectively own 71.34% of AMD.
• AMD beat quarterly expectations, reporting EPS of $2.09 and revenue of $13.38 billion; revenue grew 44.7% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $642.47. The article also flags risks including AMD’s premium valuation, slower data-center growth, weaker free cash flow, and rising inventory.

Artemis Wealth Advisors LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 28.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the semiconductor manufacturer's stock after purchasing an additional 3,500 shares during the period. Advanced Micro Devices accounts for 1.2% of Artemis Wealth Advisors LLC's portfolio, making the stock its 9th largest position. Artemis Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $9,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. DecisionPoint Financial LLC boosted its position in Advanced Micro Devices by 79.2% in the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 19 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Advanced Micro Devices during the third quarter worth $29,000. JNBA Financial Advisors raised its position in shares of Advanced Micro Devices by 142.9% during the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 30 shares during the last quarter. Downshift Financial LLC lifted its stake in shares of Advanced Micro Devices by 850.0% during the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock valued at $35,000 after acquiring an additional 51 shares during the period. Finally, Sawyer & Company Inc acquired a new position in shares of Advanced Micro Devices during the third quarter valued at $37,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $552.90 on Thursday. The firm has a market cap of $906.81 billion, a P/E ratio of 91.51, a PEG ratio of 4.96 and a beta of 2.49. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72. The firm's 50 day moving average price is $550.43 and its two-hundred day moving average price is $419.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The company had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The firm's revenue was up 44.7% compared to the same quarter last year. On average, analysts forecast that Advanced Micro Devices, Inc. will post 6.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Rosenblatt Securities restated a "buy" rating and set a $700.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Susquehanna lifted their price target on shares of Advanced Micro Devices from $620.00 to $650.00 and gave the stock a "positive" rating in a research report on Wednesday, October 28th. Wolfe Research reiterated an "outperform" rating and set a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Wells Fargo & Company dropped their price target on shares of Advanced Micro Devices from $700.00 to $650.00 and set an "overweight" rating for the company in a research note on Wednesday, November 4th. Finally, UBS Group cut their price objective on shares of Advanced Micro Devices from $730.00 to $700.00 and set a "buy" rating on the stock in a report on Wednesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $642.47.

Insiders Place Their Bets

In related news, SVP Ava Hahn sold 2,993 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total value of $1,462,649.17. Following the completion of the transaction, the senior vice president directly owned 26,623 shares of the company's stock, valued at approximately $13,010,393.87. This represents a 10.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the transaction, the executive vice president owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. This trade represents a 4.66% decrease in their position. 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 a total of 230,957 shares of company stock worth $114,799,511 in the last ninety days. 0.50% of the stock is owned by insiders.

Key Headlines Impacting Advanced Micro Devices

Investors following AMD have been watching these headlines:

• Positive Sentiment: Google’s selection of AMD’s fifth-generation EPYC processors for its TPU 8tx system, alongside the launch of new EPYC CPUs, reinforced AMD’s opportunity in cloud and AI server workloads. What Is Going on With AMD Stock on Wednesday?
• Neutral Sentiment: AMD held up as technology shares weakened late amid news concerning Nvidia’s CEO. Any longer-term benefit from competitor disruption is uncertain, since customers must make actual supplier changes for AMD to gain lasting business. Techs Tumble Late; AI Stocks Slide, but Not AMD
• Negative Sentiment: Investors still face concerns about AMD’s premium valuation, decelerating data-center growth, weaker free cash flow and rising inventory. These factors could limit the rally if expected AI demand does not translate into sustained earnings and cash generation. Lisa Su Just Delivered Fantastic News for AMD Investors

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company's product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.

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