MLG Wealth Management DBA Pine Grove Financial Group Purchases Shares of 1,233 Advanced Micro Devices, Inc. $AMD

Key Points

• MLG Wealth Management initiated a position in AMD during the second quarter, purchasing 1,233 shares valued at approximately $716,000. Institutional investors collectively own 71.34% of the company.
• AMD reported quarterly earnings of $1.66 per share, exceeding estimates, while revenue rose 50.1% year over year to $11.54 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $553.72.
• Company insiders sold 232,577 AMD shares worth roughly $109.5 million over the past 90 days, including sales by CEO Lisa Su and EVP Mark Papermaster. Shares trade at a high valuation of about 123 times earnings, presenting a potential risk if growth expectations weaken.

MLG Wealth Management DBA Pine Grove Financial Group acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,233 shares of the semiconductor manufacturer's stock, valued at approximately $716,000.

Other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System increased its holdings in Advanced Micro Devices by 58,272.0% in the 2nd quarter. California State Teachers Retirement System now owns 1,436,775,740 shares of the semiconductor manufacturer's stock valued at $834,637,395,000 after purchasing an additional 1,434,314,328 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares in the last quarter. State Street Corp boosted its position in shares of Advanced Micro Devices by 1.5% in the fourth quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer's stock worth $16,044,712,000 after buying an additional 1,094,835 shares during the period. Geode Capital Management LLC grew its stake in shares of Advanced Micro Devices by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock valued at $8,015,897,000 after buying an additional 287,525 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $4,929,312,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark Papermaster sold 28,811 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 125,000 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the sale, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 232,577 shares of company stock worth $109,509,170 over the last 90 days. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $477.57 on Tuesday. The firm has a market cap of $779.62 billion, a price-to-earnings ratio of 122.77, a PEG ratio of 4.95 and a beta of 2.48. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The business's 50 day moving average is $497.96 and its two-hundred day moving average is $396.52. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business's quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 earnings per share. Analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Analyst Ratings Changes

AMD has been the topic of several recent research reports. DA Davidson boosted their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 5th. Robert W. Baird set a $1,250.00 target price on shares of Advanced Micro Devices in a research note on Friday, July 24th. Finally, Rosenblatt Securities raised their price target on shares of Advanced Micro Devices from $665.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $553.72.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD shares gained after the company unveiled a more than $100,000 AI workstation planned for 2027. The product reinforces AMD’s push beyond data-center chips and could expand its exposure to high-end AI systems. AMD Stock Jumps After Unveiling $100,000-Plus AI Workstation for 2027
• Positive Sentiment: One forecast sees AMD’s data-center business exceeding 70% of company revenue in 2027, based on its recent growth outpacing all other segments. If sustained, that mix shift would make AMD more leveraged to the fast-growing AI infrastructure market. Prediction: Data Center Passes 70% of AMD's Revenue in 2027
• Positive Sentiment: Several analysts and commentators argue that AMD’s strong AI performance and upcoming product ramps are not fully reflected in the valuation, with one bullish thesis suggesting substantial long-term appreciation. AMD’s latest reported quarter also showed 50.1% year-over-year revenue growth and an earnings beat.
• Neutral Sentiment: AMD and NVIDIA are pursuing different strategies for capturing AI spending. Commentary suggests AMD may benefit from the next phase of AI buildouts if customers seek more supplier diversity and alternative architectures, but the outcome remains uncertain. AMD Is Behind the AI Chip Shift Nobody Is Talking About
• Negative Sentiment: Valuation is a major concern. AMD has risen more than 200% over the past year and trades at roughly 123 times earnings, making the stock vulnerable to profit-taking or disappointment even if AI demand remains strong. AMD Is Now More Expensive Than Nvidia And Broadcom
• Negative Sentiment: Broadcom is identified as a significant competitive threat because it is building deep relationships with hyperscale customers and could capture part of the same AI infrastructure market AMD is targeting. The risk is that AMD’s growth ceiling may be lower than current expectations. AMD’s Whole AI Story Has One Threat It Cannot Ignore: Broadcom
• Negative Sentiment: Other analysis acknowledges that AI demand is real but highlights execution, competition, cyclical semiconductor conditions, and the possibility that expectations have become too aggressive. Seasonal September weakness across major indexes could also add pressure to high-beta semiconductor stocks.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.