Sax Wealth Advisors LLC Buys 1,160 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Sax Wealth Advisors increased its AMD stake by 26.4%, acquiring 1,160 additional shares and bringing its holdings to 5,552 shares valued at approximately $3.2 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD reported quarterly earnings of $1.66 per share on $11.54 billion in revenue, surpassing analyst estimates and marking 50.1% year-over-year revenue growth. Analysts maintain a “Moderate Buy” consensus with an average price target of $546.87.
• Despite strong operating results and bullish analyst actions, AMD faces elevated expectations, trading at roughly 124 times earnings. Company insiders sold $130.4 million of stock during the quarter, while competition from Nvidia and concerns about accelerating AI growth remain risks.

Sax Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 26.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,552 shares of the semiconductor manufacturer's stock after acquiring an additional 1,160 shares during the period. Sax Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $3,225,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Brighton Jones LLC boosted its holdings in shares of Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC raised its holdings in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after acquiring an additional 234 shares during the period. Sivia Capital Partners LLC raised its holdings in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock worth $758,000 after acquiring an additional 2,970 shares during the period. United Bank lifted its position in Advanced Micro Devices by 22.0% during the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer's stock worth $1,881,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its holdings in Advanced Micro Devices by 361.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer's stock valued at $1,310,000 after acquiring an additional 7,228 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 6,000 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the sale, the executive vice president directly owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president owned 324,527 shares of the company's stock, valued at $140,000,947.80. The trade was a 5.66% 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. Insiders sold a total of 285,934 shares of company stock worth $130,353,006 over the last quarter. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

AMD has been the topic of several research analyst reports. Rosenblatt Securities raised their price target on Advanced Micro Devices from $665.00 to $700.00 and gave the company a "buy" rating in a research report on Thursday. Morgan Stanley boosted their price objective on Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Raymond James Financial initiated coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They set a "market perform" rating for the company. Needham & Company LLC raised Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lifted their price target on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $546.87.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $483.36 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The firm has a 50-day simple moving average of $514.56 and a 200 day simple moving average of $360.00. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73. The stock has a market cap of $789.07 billion, a PE ratio of 124.26 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm's revenue for the quarter was up 50.1% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 6.38 EPS for the current year.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD agreed to acquire Toronto-based AI-inference chip startup Taalas for an undisclosed amount. Taalas develops specialized silicon designed to reduce computing and memory bottlenecks, and AMD plans to integrate the technology with its Instinct GPUs. The deal could improve AMD’s inference performance and strengthen its challenge to Nvidia in a rapidly expanding market. AMD deepens AI inference bet with Taalas deal as chip race heats up
• Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, and adjusted earnings of $1.66 per share, exceeding consensus estimates. Data Center revenue more than doubled, while management raised its outlook, reinforcing the long-term AI growth case. AMD tops Q2 earnings estimates and provides strong outlook
• Positive Sentiment: Several analysts remain constructive: Rosenblatt raised its price target to $700 with a buy rating, while JPMorgan lifted its target to $550 but retained a neutral rating. Recent institutional filings also showed sizable increases in AMD holdings by PNC Financial and GF Fund Management. AMD analyst price-target changes
• Neutral Sentiment: Investors continue to debate whether AMD can become a major Nvidia alternative. Optimistic views point to data-center demand, AI deployments and supply leverage, but the stock’s high valuation means additional upside likely requires sustained execution and accelerating growth. This Could Be One of the Best Opportunities to Buy AMD Stock in Months
• Negative Sentiment: AMD’s results and guidance, although strong, did not clear an exceptionally high AI-growth bar. Investors wanted stronger evidence of accelerating AI revenue, higher margins and a faster path to closing Nvidia’s competitive lead. Why AMD’s solid quarterly earnings failed to impress investors
• Negative Sentiment: Near-term concerns include slowing growth in AMD’s client and gaming businesses and intensifying Nvidia competition. SpaceX’s selection of Nvidia rather than AMD for an AI-chip partnership further underscored concerns about Nvidia’s customer and ecosystem advantages. AMD stock falls after record quarter as SpaceX picks Nvidia
• Negative Sentiment: At roughly 124 times earnings, AMD leaves little room for disappointment. The combination of lofty expectations, post-earnings profit-taking and increased short interest contributed to the weaker investor reaction despite the earnings beat. AMD short volume hits a two-week high

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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