Parkside Financial Bank & Trust Has $2.42 Million Stock Position in Advanced Micro Devices, Inc. $AMD

Parkside Financial Bank & Trust increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 86.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,955 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,924 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Advanced Micro Devices were worth $2,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. ORG Wealth Partners LLC lifted its stake in shares of Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 46 shares during the period. Pinney & Scofield Inc. raised its holdings in Advanced Micro Devices by 81.0% during the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares during the last quarter. Dogwood Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 208 shares during the period. Avion Wealth boosted its stake in shares of Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 72 shares during the last quarter. Finally, West Branch Capital LLC increased its position in shares of Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 214 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

AMD opened at $253.73 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The firm has a 50-day moving average of $218.40 and a 200 day moving average of $197.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. The firm has a market cap of $413.08 billion, a P/E ratio of 125.61, a PEG ratio of 1.04 and a beta of 1.95.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The firm had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. During the same period in the previous year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 35.6% on a year-over-year basis. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the sale, the executive vice president owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ava Hahn sold 2,442 shares of Advanced Micro Devices stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $234.42, for a total value of $572,453.64. Following the transaction, the senior vice president directly owned 16,359 shares of the company’s stock, valued at $3,834,876.78. The trade was a 12.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 164,000 shares of company stock worth $36,034,173 over the last three months. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent analyst reports. Bank of America reiterated a “buy” rating and set a $300.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Royal Bank Of Canada began coverage on shares of Advanced Micro Devices in a report on Wednesday, January 14th. They set a “sector perform” rating and a $230.00 price objective on the stock. China Renaissance started coverage on Advanced Micro Devices in a report on Tuesday, January 13th. They set a “buy” rating and a $291.00 price objective for the company. Barclays restated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Advanced Micro Devices in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $279.67.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Large customer commitment for HPC capacity — Riot Platforms signed a multi?year arrangement with AMD to host high?performance computing workloads at Riot’s Rockdale site (initial 25 MW, optional expansion to 200 MW), validating AMD demand for edge/HPC capacity and signaling concrete enterprise deployments. Riot Platforms: A $311M AMD Deal Changes the HPC Game
• Positive Sentiment: Analysts flag improving chip demand into earnings — Susquehanna’s research and other street commentary point to steadying/strengthening chip orders ahead of earnings, supporting upside to AMD’s data?center and AI revenue outlook. NVDA, AAPL, AVGO, AMD: Top Analyst Sees Improving Chip Demand Ahead of Earnings
• Positive Sentiment: Product/software tailwind — AMD rolled out an Adrenalin driver bundle that simplifies AI setup for users, which can accelerate GPU adoption in gaming and edge AI use cases and supports near?term revenue and ecosystem stickiness. AMD Stock Gains on Adrenalin AI Bundle Update
• Positive Sentiment: Corporate/governance move — Appointment of former Accenture CFO KC McClure to AMD’s board has been cited by markets as strengthening financial oversight and credibility ahead of an important earnings cycle. AMD Stock Rallies on a New Addition to Its Board of Directors
• Positive Sentiment: Expanding enterprise partnerships and AI roadmap — Coverage notes AMD targeting aggressive AI revenue growth (Helios racks, Instinct GPUs, partner deals) that underpins bullish street estimates for data?center expansion. AMD Rides on Expanding Enterprise Partner Base: More Upside to Come?
• Neutral Sentiment: Mixed analyst/market commentary — Some outlets note conflicting analyst views and price?target dispersion even as many maintain buy/overweight ratings; investors should watch upcoming earnings and guidance for clarity. Analysts Have Conflicting Sentiments on These Technology Companies: Advanced Micro Devices (AMD)
• Negative Sentiment: Risk of momentum fade and valuation concerns — some analysts warn that tech momentum could slow and AMD’s rally has elevated valuation metrics, increasing downside risk if data?center orders or guidance disappoint. AMDY: Risk Of Underperformance As Tech Momentum Fades (Rating Downgrade)

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.