Strait & Sound Wealth Management LLC Buys 5,287 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Strait & Sound Wealth Management LLC raised its stake in Advanced Micro Devices, Inc. by 74.8% during Q1, now owning 12,351 shares valued at approximately $1.27 million.
• Insider transactions included significant sales by CEO Lisa T. Su and EVP Mark D. Papermaster, indicating a 6.28% and 1.04% decrease in their respective ownership stakes.
• Advanced Micro Devices reported $0.48 EPS in its latest quarterly earnings, missing analyst expectations, despite a 31.7% year-over-year revenue increase to $7.69 billion.

Strait & Sound Wealth Management LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 74.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,351 shares of the semiconductor manufacturer's stock after buying an additional 5,287 shares during the period. Strait & Sound Wealth Management LLC's holdings in Advanced Micro Devices were worth $1,269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Brighton Jones LLC increased its holdings in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after purchasing an additional 29,825 shares in the last quarter. Triumph Capital Management raised its holdings in Advanced Micro Devices by 27.2% during the 4th quarter. Triumph Capital Management now owns 23,327 shares of the semiconductor manufacturer's stock worth $2,818,000 after buying an additional 4,992 shares during the period. Finally, First Manhattan CO. LLC. raised its holdings in Advanced Micro Devices by 3.7% during the 4th quarter. First Manhattan CO. LLC. now owns 7,733 shares of the semiconductor manufacturer's stock worth $934,000 after buying an additional 278 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the transaction, the chief executive officer directly owned 3,359,748 shares of the company's stock, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 252,998 shares of company stock valued at $41,415,580. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Up 2.4%

Shares of AMD stock traded up $3.72 on Wednesday, reaching $159.54. The company had a trading volume of 52,262,769 shares, compared to its average volume of 46,609,404. The stock has a market cap of $258.91 billion, a PE ratio of 57.93, a PEG ratio of 1.84 and a beta of 1.92. The company has a 50-day moving average of $161.95 and a 200-day moving average of $126.19. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has authorized a stock repurchase plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMD. Stifel Nicolaus raised their price objective on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Evercore ISI upped their price target on Advanced Micro Devices from $144.00 to $188.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Jefferies Financial Group raised their price objective on Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday, July 16th. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and upped their price target for the stock from $110.00 to $175.00 in a research note on Monday, June 23rd. Finally, The Goldman Sachs Group raised Advanced Micro Devices to a "hold" rating and set a $140.00 target price on the stock in a research report on Thursday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $180.88.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.