Axxcess Wealth Management LLC Has $4.11 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Axxcess Wealth Management LLC increased its stake in Advanced Micro Devices, Inc. (AMD) by 32.4%, now owning 28,982 shares valued at approximately $4.11 million.
• Advanced Micro Devices reported a quarterly revenue of $7.69 billion, exceeding estimates, but missed earnings per share expectations with EPS of $0.48 for the period.
• Institutional ownership of AMD stock stands at 71.34%, with significant recent acquisitions by firms like Goldman Sachs and T. Rowe Price.

Axxcess Wealth Management LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 32.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,982 shares of the semiconductor manufacturer's stock after purchasing an additional 7,095 shares during the quarter. Axxcess Wealth Management LLC's holdings in Advanced Micro Devices were worth $4,113,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMD. Kingstone Capital Partners Texas LLC acquired a new position in shares of Advanced Micro Devices during the 2nd quarter worth about $958,422,000. Goldman Sachs Group Inc. lifted its holdings in shares of Advanced Micro Devices by 169.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock valued at $1,012,538,000 after purchasing an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock valued at $1,069,846,000 after purchasing an additional 5,915,185 shares in the last quarter. Nuveen LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at about $436,746,000. Finally, Parnassus Investments LLC lifted its holdings in shares of Advanced Micro Devices by 47,883.5% during the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock valued at $425,592,000 after purchasing an additional 4,133,785 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $218.09 on Wednesday. The stock's 50-day simple moving average is $172.00 and its 200 day simple moving average is $138.97. The firm has a market capitalization of $353.93 billion, a PE ratio of 125.34, a price-to-earnings-growth ratio of 2.54 and a beta of 1.90. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $240.10. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 225,000 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of the sale, the executive vice president owned 313,848 shares of the company's stock, valued at approximately $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 257,318 shares of company stock valued at $42,412,815 over the last three months. Company insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. HSBC cut their target price on Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating on the stock in a research note on Tuesday, September 9th. Erste Group Bank cut Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. Dbs Bank upgraded Advanced Micro Devices from a "hold" rating to a "moderate buy" rating in a research note on Monday, October 6th. Morgan Stanley upped their price objective on Advanced Micro Devices from $168.00 to $246.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 7th. Finally, Roth Capital set a $250.00 price objective on Advanced Micro Devices and gave the stock a "buy" rating in a research note on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $224.97.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

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