Corient Private Wealth LLC Has $117.24 Million Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Corient Private Wealth LLC increased its AMD holdings by 10% in the fourth quarter, ending with 547,361 shares valued at about $117.2 million.
• AMD continues to attract bullish analyst attention, with firms like Bernstein, Bank of America, and Mizuho raising price targets amid strong AI infrastructure demand and improving server-market conditions.
• The stock has surged near its 52-week high, but some commentary warns it may be expensive after a sharp run-up, even as AMD posted better-than-expected quarterly results and strong revenue growth.

Corient Private Wealth LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 547,361 shares of the semiconductor manufacturer's stock after buying an additional 49,786 shares during the period. Corient Private Wealth LLC's holdings in Advanced Micro Devices were worth $117,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. James J. Burns & Company LLC grew its stake in Advanced Micro Devices by 2.3% in the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer's stock valued at $389,000 after purchasing an additional 40 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 0.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer's stock worth $1,052,000 after purchasing an additional 43 shares in the last quarter. Willis Johnson & Associates Inc. boosted its holdings in shares of Advanced Micro Devices by 1.9% in the 4th quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer's stock valued at $493,000 after buying an additional 44 shares during the last quarter. Smith Moore & CO. grew its stake in shares of Advanced Micro Devices by 1.1% in the third quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer's stock valued at $641,000 after buying an additional 45 shares in the last quarter. Finally, Spirepoint Private Client LLC increased its holdings in Advanced Micro Devices by 3.2% during the fourth quarter. Spirepoint Private Client LLC now owns 1,432 shares of the semiconductor manufacturer's stock worth $307,000 after buying an additional 45 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Bernstein raised its price target on AMD to $600, citing strong AI infrastructure demand and improving server-market conditions, reinforcing the bullish case for the stock. Why Is AMD Stock Gaining Thursday?
• Positive Sentiment: AMD and Rackspace signed a definitive agreement to deploy 30 MW of AMD-based AI compute across Rackspace’s data centers, a win that could expand AMD’s presence in regulated enterprise cloud workloads. Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom (AMD)
• Positive Sentiment: AMD’s acquisition of MEXT is being viewed as strategically important because it could help address AI data-center memory bottlenecks and strengthen the company’s AI stack. AMD (AMD) Buys MEXT To Tackle AI Data Center Memory Bottlenecks
• Neutral Sentiment: Several analyst and investor articles continue to highlight AMD’s strong year-to-date rally, but also warn that the stock is trading near all-time highs and may be fully valued, which could temper upside near term. Buy, Hold, or Sell: AMD Rested Near All-Time Highs as Kevin Warsh Opened His First Fed Meeting. Is AMD Stock a Buy at $507?
• Neutral Sentiment: Market commentary from today also points to AMD as a preferred semiconductor alternative versus Intel, but the note is more about sector positioning than a direct company-specific catalyst. Analyst Warns Intel Valuation ‘Doesn't Make Sense.' Suggests NVIDIA, AMD, Micron, and Broadcom as Alternatives.
• Negative Sentiment: Some recent coverage warns AMD has likely risen too far, too fast, which could invite profit-taking if investors become more cautious about valuation. One Warning Signal AMD Investors Can't Miss

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $539.33 on Friday. The business has a fifty day simple moving average of $417.16 and a 200 day simple moving average of $285.22. The company has a market cap of $879.43 billion, a P/E ratio of 176.83, a P/E/G ratio of 1.57 and a beta of 2.50. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a twelve month low of $126.82 and a twelve month high of $558.37.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The business's quarterly revenue was up 37.8% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 24,376 shares of the business's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares of the company's stock, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 6,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the transaction, the executive vice president owned 1,233,687 shares of the company's stock, valued at $661,663,348.71. The trade was a 0.48% 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. Over the last three months, insiders have sold 378,032 shares of company stock valued at $161,876,596. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMD. Bank of America lifted their price objective on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the company a "buy" rating in a research report on Thursday, June 11th. Weiss Ratings upgraded shares of Advanced Micro Devices from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, May 6th. Mizuho boosted their price target on Advanced Micro Devices from $515.00 to $615.00 and gave the stock an "outperform" rating in a research report on Monday, June 1st. Evercore reissued an "outperform" rating and issued a $579.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, May 19th. Finally, Zacks Research cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $430.68.

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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