Bernicke Wealth Management Ltd. Makes New Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Bernicke Wealth Management opened a position in AMD, buying 7,191 shares worth about $4.4 million; institutional investors own 71.34% of the company.
• AMD beat quarterly estimates, reporting EPS of $2.09 versus $1.95 expected and revenue of $13.38 billion, up 44.7% year over year.
• Shares were reported down 8.8%, while analyst views were mixed; the consensus rating was “Moderate Buy” with an average price target of $640.11.

Bernicke Wealth Management Ltd. purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,191 shares of the semiconductor manufacturer's stock, valued at approximately $4,399,000. Advanced Micro Devices makes up approximately 0.5% of Bernicke Wealth Management Ltd.'s holdings, making the stock its 20th largest holding.

Several other institutional investors also recently bought and sold shares of the business. Vista Capital Partners Inc. purchased a new position in Advanced Micro Devices in the 3rd quarter worth approximately $852,000. Astra Wealth Partners LLC raised its stake in Advanced Micro Devices by 8.7% during the third quarter. Astra Wealth Partners LLC now owns 736 shares of the semiconductor manufacturer's stock valued at $450,000 after buying an additional 59 shares in the last quarter. McElhenny Sheffield Capital Management LLC lifted its stake in Advanced Micro Devices by 19.5% during the third quarter. McElhenny Sheffield Capital Management LLC now owns 767 shares of the semiconductor manufacturer's stock worth $469,000 after purchasing an additional 125 shares during the last quarter. Cornerstone Advisors LLC grew its position in shares of Advanced Micro Devices by 7.7% during the 3rd quarter. Cornerstone Advisors LLC now owns 87,758 shares of the semiconductor manufacturer's stock valued at $53,687,000 after buying an additional 6,293 shares during the last quarter. Finally, Aberdeen Group plc raised its position in shares of Advanced Micro Devices by 33.8% during the 3rd quarter. Aberdeen Group plc now owns 1,954,944 shares of the semiconductor manufacturer's stock worth $1,195,957,000 after purchasing an additional 494,352 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Key Advanced Micro Devices News

Investors following AMD have been watching these news items:

• Positive Sentiment: Google’s selection of AMD EPYC processors for infrastructure supporting its next-generation TPU chips strengthens AMD’s role in hyperscaler AI systems and could support data-center growth. How to Play AMD Stock as Google Picks EPYC for Its Next-Gen TPUs
• Positive Sentiment: Analyst support and Lisa Su’s CEO of the Year recognition reinforce the bullish longer-term narrative around AMD’s recent gains and competitive position, though neither fully offset Friday’s sector weakness. AMD’s Lisa Su named CEO of the year
• Negative Sentiment: Chip stocks sold off as investors reassessed whether Nvidia’s turmoil would benefit competitors or signal wider risks to the AI trade. AMD’s decline also reflected profit-taking after a sharp rally; its elevated valuation may make the stock more vulnerable to sentiment shifts. AMD and other chip stocks slide as Wall Street rethinks the AI trade

Advanced Micro Devices Trading Down 8.8%

Advanced Micro Devices stock opened at $534.06 on Friday. The business has a 50 day moving average price of $554.55 and a two-hundred day moving average price of $422.13. The company has a quick ratio of 1.93, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. The stock has a market cap of $875.90 billion, a price-to-earnings ratio of 116.10, a price-to-earnings-growth ratio of 5.63 and a beta of 2.49. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52.

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

Insiders Place Their Bets

In related news, CEO Lisa Su sold 25,000 shares of the business's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total value of $12,669,750.00. Following the sale, the chief executive officer owned 74,211 shares of the company's stock, valued at $37,609,392.69. The trade was a 25.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% 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 have sold 232,588 shares of company stock worth $116,292,222 over the last quarter. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent research reports. Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Sunday, November 8th. Citigroup lowered shares of Advanced Micro Devices from a "buy" rating to an "underperform" rating in a research note on Thursday. Piper Sandler cut Advanced Micro Devices from an "overweight" rating to a "neutral" rating in a research note on Thursday. Barclays began coverage on Advanced Micro Devices in a report on Thursday. They set an "overweight" rating on the stock. Finally, DA Davidson upped their price objective on shares of Advanced Micro Devices from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $640.11.

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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