Allied Private Wealth LLC Makes New $631,000 Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Allied Private Wealth LLC purchased 1,086 AMD shares worth approximately $631,000 during the second quarter. Institutional investors collectively own 71.34% of the company.
• Analysts maintain a generally positive outlook, with AMD carrying a consensus “Moderate Buy” rating and an average price target of $546.87, despite some downgrades and wide target-price differences.
• AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share, beating estimates. However, the stock’s elevated valuation, Nvidia competition and recent insider selling remain risks for investors.

Allied Private Wealth LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,086 shares of the semiconductor manufacturer's stock, valued at approximately $631,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $4,929,312,000. Jennison Associates LLC boosted its stake in Advanced Micro Devices by 181.6% during the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock valued at $2,336,552,000 after purchasing an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth $1,000,783,000. Wellington Management Group LLP raised its stake in shares of Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock worth $784,330,000 after purchasing an additional 3,735,807 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Advanced Micro Devices by 340.1% during the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock valued at $1,016,796,000 after purchasing an additional 3,669,054 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMD has been the topic of several research analyst reports. Stifel Nicolaus upped their target price on shares of Advanced Micro Devices from $450.00 to $635.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Barclays cut Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a report on Friday, June 12th. Royal Bank Of Canada restated a "sector perform" rating and issued a $540.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Northland Securities reaffirmed a "market perform" rating and issued a $260.00 price objective on shares of Advanced Micro Devices in a report on Monday, April 27th. Finally, Wedbush reissued an "outperform" rating and issued a $600.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $546.87.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD agreed to acquire Toronto-based AI-inference chip startup Taalas for an undisclosed amount. Taalas develops specialized silicon designed to reduce computing and memory bottlenecks, and AMD plans to integrate the technology with its Instinct GPUs. The deal could improve AMD’s inference performance and strengthen its challenge to Nvidia in a rapidly expanding market. AMD deepens AI inference bet with Taalas deal as chip race heats up
• Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, and adjusted earnings of $1.66 per share, exceeding consensus estimates. Data Center revenue more than doubled, while management raised its outlook, reinforcing the long-term AI growth case. AMD tops Q2 earnings estimates and provides strong outlook
• Positive Sentiment: Several analysts remain constructive: Rosenblatt raised its price target to $700 with a buy rating, while JPMorgan lifted its target to $550 but retained a neutral rating. Recent institutional filings also showed sizable increases in AMD holdings by PNC Financial and GF Fund Management. AMD analyst price-target changes
• Neutral Sentiment: Investors continue to debate whether AMD can become a major Nvidia alternative. Optimistic views point to data-center demand, AI deployments and supply leverage, but the stock’s high valuation means additional upside likely requires sustained execution and accelerating growth. This Could Be One of the Best Opportunities to Buy AMD Stock in Months
• Negative Sentiment: AMD’s results and guidance, although strong, did not clear an exceptionally high AI-growth bar. Investors wanted stronger evidence of accelerating AI revenue, higher margins and a faster path to closing Nvidia’s competitive lead. Why AMD’s solid quarterly earnings failed to impress investors
• Negative Sentiment: Near-term concerns include slowing growth in AMD’s client and gaming businesses and intensifying Nvidia competition. SpaceX’s selection of Nvidia rather than AMD for an AI-chip partnership further underscored concerns about Nvidia’s customer and ecosystem advantages. AMD stock falls after record quarter as SpaceX picks Nvidia
• Negative Sentiment: At roughly 124 times earnings, AMD leaves little room for disappointment. The combination of lofty expectations, post-earnings profit-taking and increased short interest contributed to the weaker investor reaction despite the earnings beat. AMD short volume hits a two-week high

Advanced Micro Devices Price Performance

Shares of AMD opened at $483.36 on Monday. The business's 50 day moving average is $514.56 and its 200 day moving average is $360.00. The company has a market capitalization of $789.07 billion, a PE ratio of 124.26 and a beta of 2.48. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the prior year, the company posted $0.48 EPS. The firm's revenue for the quarter was up 50.1% compared to the same quarter last year. Research analysts expect that Advanced Micro Devices, Inc. will post 6.38 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, Director Nora Denzel sold 8,626 shares of the firm's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares of the company's stock, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the sale, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This represents a 4.14% 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 a total of 285,934 shares of company stock worth $130,353,006 over the last ninety days. 0.50% of the stock is owned by corporate insiders.

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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