Evolve Private Wealth LLC Buys 2,149 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Evolve Private Wealth LLC increased its AMD stake by 25.4% in the first quarter, buying 2,149 additional shares and bringing its total to 10,615 shares valued at about $2.16 million.
• AMD shares were trading higher, and the company reported strong first-quarter earnings with EPS of $1.37 and revenue of $10.25 billion, both above analyst expectations. Revenue also rose 37.8% year over year.
• Despite bullish analyst sentiment and a moderate buy consensus, insider selling has been notable, including recent sales by a director and an EVP as well as $161.9 million in insider stock sales over the past three months.

Evolve Private Wealth LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 25.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,615 shares of the semiconductor manufacturer's stock after acquiring an additional 2,149 shares during the quarter. Evolve Private Wealth LLC's holdings in Advanced Micro Devices were worth $2,159,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Balboa Wealth Partners raised its holdings in shares of Advanced Micro Devices by 1.6% during the first quarter. Balboa Wealth Partners now owns 82,711 shares of the semiconductor manufacturer's stock valued at $16,826,000 after purchasing an additional 1,327 shares during the last quarter. First Community Trust NA boosted its holdings in Advanced Micro Devices by 6.5% in the first quarter. First Community Trust NA now owns 4,572 shares of the semiconductor manufacturer's stock worth $930,000 after purchasing an additional 281 shares during the last quarter. Triad Wealth Partners LLC grew its position in Advanced Micro Devices by 23.9% in the 1st quarter. Triad Wealth Partners LLC now owns 5,456 shares of the semiconductor manufacturer's stock worth $1,110,000 after purchasing an additional 1,052 shares during the period. Quotient Wealth Partners LLC grew its position in Advanced Micro Devices by 7.2% in the 1st quarter. Quotient Wealth Partners LLC now owns 10,368 shares of the semiconductor manufacturer's stock worth $2,109,000 after purchasing an additional 697 shares during the period. Finally, Fortem Financial Group LLC raised its stake in Advanced Micro Devices by 5.0% during the 1st quarter. Fortem Financial Group LLC now owns 3,509 shares of the semiconductor manufacturer's stock valued at $714,000 after buying an additional 166 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Up 2.7%

Shares of AMD stock opened at $551.63 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The stock has a fifty day simple moving average of $423.46 and a two-hundred day simple moving average of $288.05. The firm has a market capitalization of $899.49 billion, a PE ratio of 180.86, a PEG ratio of 1.58 and a beta of 2.50. Advanced Micro Devices, Inc. has a 52-week low of $126.82 and a 52-week high of $562.99.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business's revenue was up 37.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. On average, analysts predict that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD gained after expanding FSR GPU driver support to older graphics cards, a move that could improve customer satisfaction and extend the life of its GPU ecosystem. Article Title
• Positive Sentiment: AMD was also supported by broader strength in chip stocks, as investors rotated into semiconductors on improving risk sentiment and continued AI spending optimism. Article Title
• Positive Sentiment: Commentary highlighted AMD as a strong AI-chip contender that could benefit from further growth in data center and networking demand, reinforcing the bullish long-term narrative. Article Title
• Neutral Sentiment: Several articles framed AMD as having already doubled this year and trading well above technical support levels, which may prompt some investors to question how much upside is left near current highs. Article Title
• Negative Sentiment: Investor caution also came from reports that David Tepper’s Appaloosa trimmed its AMD stake by about 32%, which can be read as a modest confidence signal against the stock’s recent surge. Article Title
• Negative Sentiment: Another bearish headline noted heavy insider selling, with more than $60 million in AMD shares reportedly sold in early June, which may raise concerns about valuation and near-term upside. Article Title

Insider Activity at Advanced Micro Devices

In related news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the sale, the director owned 87,173 shares of the company's stock, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 24,376 shares of the business's stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the transaction, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 378,032 shares of company stock worth $161,876,596 in the last three months. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several research analyst reports. Weiss Ratings raised Advanced Micro Devices from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, May 6th. Melius Research set a $540.00 price objective on Advanced Micro Devices in a report on Monday, May 18th. Evercore reiterated an "outperform" rating and set a $579.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, May 19th. Stifel Nicolaus increased their target price on Advanced Micro Devices from $320.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Finally, Sanford C. Bernstein set a $600.00 target price on Advanced Micro Devices and gave the stock an "outperform" rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $430.68.

Advanced Micro Devices 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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