Meadowbrook Wealth Management LLC Makes New $595,000 Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Meadowbrook Wealth Management acquired 972 AMD shares worth approximately $595,000 during the third quarter. Institutional investors collectively own 71.34% of the company.
• AMD reported strong momentum, including 50.1% year-over-year quarterly revenue growth to $11.54 billion, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $585.26.
• Despite robust AI and data-center demand, AMD faces valuation and market risks: shares recently fell 3.9% to $620.68, the stock trades at a P/E ratio near 160, and insiders have sold more than $105 million of shares over the past 90 days.

Meadowbrook Wealth Management LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 972 shares of the semiconductor manufacturer's stock, valued at approximately $595,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First Citizens Financial Corp lifted its stake in shares of Advanced Micro Devices by 3.4% during the third quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock worth $300,000 after purchasing an additional 16 shares in the last quarter. Private Client Services LLC grew its stake in shares of Advanced Micro Devices by 1.7% in the third quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer's stock valued at $660,000 after buying an additional 18 shares in the last quarter. Box Hill Private Wealth LLC raised its holdings in shares of Advanced Micro Devices by 2.5% during the 3rd quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock valued at $486,000 after buying an additional 19 shares during the period. Baring Financial LLC raised its holdings in shares of Advanced Micro Devices by 4.5% during the 3rd quarter. Baring Financial LLC now owns 491 shares of the semiconductor manufacturer's stock valued at $300,000 after buying an additional 21 shares during the period. Finally, First National Bank of Hutchinson lifted its position in Advanced Micro Devices by 0.4% during the 2nd quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer's stock worth $3,276,000 after acquiring an additional 22 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD’s data-center revenue reportedly increased 107% year over year to $6.7 billion, underscoring strong demand for its AI accelerators and server processors. Global AI infrastructure spending is also expected to remain substantial. AMD Stock: Drops Despite Record Revenue and Surging AI Data Center Demand
• Positive Sentiment: TSMC reported record quarterly revenue, up 50% year over year, signaling that demand for advanced chips used by AMD and other AI companies remains robust. Nvidia, AMD, Intel Stocks Despite Record AI Demand
• Positive Sentiment: CEO Lisa Su’s meetings with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. AMD CEO Says Continues to Explore Foundry Partnership With Samsung
• Positive Sentiment: Analysts remain constructive: BNP Paribas identified further upside from AMD’s CPU, AI accelerator and inference-chip opportunities, while Citi recently raised its price target. AMD Stock Isn’t Undervalued, but Wall Street May Be Underestimating a Key Opportunity
• Neutral Sentiment: AMD scheduled its third-quarter earnings report for November 3. Investors may remain cautious ahead of the release, which will provide an important test of AI demand, supply expansion and forward guidance. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher bond yields and oil prices are pressuring richly valued growth and AI stocks, prompting investors to rotate out of semiconductor names across the sector. Why Are Intel and AMD Stocks Plunging on Thursday?
• Negative Sentiment: AMD’s valuation leaves little room for execution setbacks after its sharp rally. Concerns include whether future AI commitments will translate into repeat deployments, cash flow and sustainable margins. AMD’s Valuation Is Starting to Ruffle Feathers on Wall Street
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases over the past six months, adding to investor caution even though such sales may reflect scheduled diversification.

Analysts Set New Price Targets

A number of research firms have weighed in on AMD. Wall Street Zen upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Sunday. The Goldman Sachs Group boosted their target price on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Truist Financial upped their target price on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $540.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Morgan Stanley boosted their price objective on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $585.26.

Insider Buying and Selling

In related news, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares in the company, valued at $76,316,924.32. This represents a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president owned 117,687 shares in the company, valued at $60,598,213.17. This represents a 11.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 213,838 shares of company stock valued at $105,533,836. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Down 3.9%

Shares of Advanced Micro Devices stock traded down $25.18 during trading on Thursday, reaching $620.68. The company had a trading volume of 23,402,461 shares, compared to its average volume of 32,602,393. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The firm's fifty day moving average is $523.60 and its 200-day moving average is $455.44. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of 159.56, a price-to-earnings-growth ratio of 6.73 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. During the same period last year, the business posted $0.48 earnings per share. The firm's revenue for the quarter was up 50.1% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 EPS for the current year.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.

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