BNC Wealth Management LLC Takes Position in Advanced Micro Devices, Inc. $AMD

Key Points

• BNC Wealth Management LLC acquired 18,005 shares of Advanced Micro Devices, Inc. valued at approximately $2.55 million during the second quarter of 2023.
• CEO Lisa T. Su sold 225,000 shares in August for over $36.8 million, representing a 6.28% decrease in her ownership of the company.
• Analyst ratings show a mixed sentiment, with several downgrades to "hold" but a consensus "Moderate Buy" rating and a target price of $180.88 from various firms.

BNC Wealth Management LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,005 shares of the semiconductor manufacturer's stock, valued at approximately $2,555,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after purchasing an additional 29,825 shares in the last quarter. LM Advisors LLC lifted its position in shares of Advanced Micro Devices by 22.8% during the fourth quarter. LM Advisors LLC now owns 2,534 shares of the semiconductor manufacturer's stock valued at $306,000 after purchasing an additional 471 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $52,000. 71.34% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares of the company's stock, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 270,198 shares of company stock worth $44,183,576. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on AMD shares. Erste Group Bank downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Seaport Res Ptn downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Truist Financial upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and lifted their target price for the stock from $173.00 to $213.00 in a research note on Tuesday, August 26th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.88.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $160.90 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $261.11 billion, a PE ratio of 92.47, a P/E/G ratio of 1.88 and a beta of 1.92. The company has a 50 day moving average price of $165.40 and a 200-day moving average price of $130.18. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65.

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

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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