2,834 Shares in Advanced Micro Devices, Inc. $AMD Bought by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,834 shares of the semiconductor manufacturer’s stock, valued at approximately $607,000.

Other large investors have also recently added to or reduced their stakes in the company. Prospect Financial Services LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth $275,000. Ignite Planners LLC raised its stake in shares of Advanced Micro Devices by 16.6% in the 4th quarter. Ignite Planners LLC now owns 4,971 shares of the semiconductor manufacturer’s stock valued at $1,177,000 after purchasing an additional 706 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 727.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 250,325 shares of the semiconductor manufacturer’s stock valued at $53,610,000 after purchasing an additional 220,055 shares in the last quarter. Cvfg LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $345,000. Finally, Kingdom Financial Group LLC. acquired a new position in Advanced Micro Devices in the fourth quarter worth about $49,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Up 0.4%

Shares of Advanced Micro Devices stock opened at $449.59 on Friday. The stock has a market capitalization of $733.10 billion, a price-to-earnings ratio of 147.41, a PEG ratio of 1.33 and a beta of 2.40. Advanced Micro Devices, Inc. has a twelve month low of $107.67 and a twelve month high of $469.21. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $292.17 and its 200-day simple moving average is $245.31.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD said it is ramping production of its 6th Gen EPYC “Venice” CPUs on TSMC’s 2nm process, a major manufacturing milestone that supports its AI and data center strategy. Article Title
• Positive Sentiment: AMD announced more than $10 billion in Taiwan ecosystem investments to expand advanced packaging and AI infrastructure capacity, which could improve supply and accelerate next-gen product deployment. Article Title
• Positive Sentiment: Reuters reported that CEO Lisa Su said AMD is asking partners to ramp up production because of strong AI demand, reinforcing expectations for stronger shipments. Article Title
• Positive Sentiment: Market commentary continues to frame AMD as a beneficiary of the AI chip rotation beyond Nvidia, supporting sentiment around the stock. Article Title

Wall Street Analysts Forecast Growth

AMD has been the topic of several research reports. Raymond James Financial started coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They set a “market perform” rating on the stock. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Wolfe Research started coverage on Advanced Micro Devices in a report on Wednesday, May 6th. They issued a “peer perform” rating for the company. KeyCorp raised their price objective on Advanced Micro Devices from $330.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $410.00.

Insider Activity

In related news, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at $432,612,950. This trade represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 business’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 transaction, the chief executive officer directly owned 3,021,899 shares of the company’s stock, valued at $1,346,286,223.49. The trade was a 3.97% 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. Over the last quarter, insiders sold 309,598 shares of company stock valued at $105,644,316. 0.50% of the stock is currently owned by company insiders.

About Advanced Micro Devices

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.