Texas Capital Bank Wealth Management Services Inc Increases Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Texas Capital Bank Wealth Management Services increased its AMD stake by 1,052.1% in the fourth quarter, ending with 24,401 shares worth about $5.23 million.
• AMD continues to draw support from its data center and AI business, with reports citing 57% year-over-year data center revenue growth and a new collaboration to deploy AMD Instinct MI355X GPUs and Helios rack-scale solutions.
• The company’s latest earnings were solid, as AMD reported $1.37 EPS and $10.25 billion in revenue, both above expectations, while analysts maintained a generally Moderate Buy view with a consensus target price of $410.

Texas Capital Bank Wealth Management Services Inc raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1,052.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,401 shares of the semiconductor manufacturer's stock after buying an additional 22,283 shares during the period. Texas Capital Bank Wealth Management Services Inc's holdings in Advanced Micro Devices were worth $5,226,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. James J. Burns & Company LLC boosted its position in Advanced Micro Devices by 2.3% during the 4th quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer's stock valued at $389,000 after buying an additional 40 shares during the period. Cassaday & Co Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 0.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer's stock worth $1,052,000 after purchasing an additional 43 shares during the period. Willis Johnson & Associates Inc. lifted its position in shares of Advanced Micro Devices by 1.9% in the 4th quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer's stock worth $493,000 after purchasing an additional 44 shares during the period. Addison Advisors LLC lifted its position in shares of Advanced Micro Devices by 12.7% in the 3rd quarter. Addison Advisors LLC now owns 400 shares of the semiconductor manufacturer's stock worth $65,000 after purchasing an additional 45 shares during the period. Finally, Smith Moore & CO. lifted its position in shares of Advanced Micro Devices by 1.1% in the 3rd quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer's stock worth $641,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD’s data center business remains a major growth engine, with one recent write-up highlighting 57% year-over-year data center revenue growth to $5.78 billion, driven by EPYC CPU demand and ramping Instinct AI products. Article title
• Positive Sentiment: AMD got a lift from a new OneQode collaboration to deploy AMD Instinct MI355X GPUs and plan for AMD’s Helios rack-scale solution, reinforcing demand for its AI infrastructure products. Article title
• Positive Sentiment: Analyst commentary remains constructive, with multiple recent notes describing AMD as a beneficiary of the AI spending cycle and highlighting upside tied to continued data center and CPU gains. Article title
• Neutral Sentiment: Some articles focused on AMD’s rapid valuation expansion and the question of whether the stock can become a trillion-dollar company, which keeps expectations high but does not change the near-term growth story. Article title
• Negative Sentiment: Sentiment was pressured by reports that Cathie Wood continued trimming AMD exposure, and by concerns that Nvidia could move into the standalone server CPU market, increasing competitive pressure on AMD’s growth areas. Article title Article title

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of the firm's stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at approximately $432,612,950. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the firm's stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the sale, the chief executive officer owned 3,021,899 shares of the company's stock, valued at approximately $1,346,286,223.49. This represents a 3.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 329,085 shares of company stock valued at $114,051,007 in the last quarter. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

AMD has been the subject of several research analyst reports. BTIG Research raised shares of Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Oppenheimer cut shares of Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a research report on Wednesday, May 6th. Jefferies Financial Group cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Wednesday, May 6th. Phillip Securities raised shares of Advanced Micro Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Sunday, February 8th. Finally, Bank of America raised their target price on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $410.00.

Advanced Micro Devices Trading Down 1.7%

Shares of NASDAQ AMD opened at $495.54 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $108.62 and a 1 year high of $510.21. The stock has a market cap of $808.03 billion, a P/E ratio of 162.47, a price-to-earnings-growth ratio of 1.48 and a beta of 2.40. The firm has a 50-day moving average of $315.01 and a 200 day moving average of $251.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $9.90 billion. During the same period last year, the company posted $0.96 EPS. Advanced Micro Devices's revenue was up 37.8% on a year-over-year basis. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

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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