Pettyjohn Wood & White Inc. Invests $230,000 in Advanced Micro Devices, Inc. $AMD

Pettyjohn Wood & White Inc. purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,074 shares of the semiconductor manufacturer’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Joseph Group Capital Management bought a new position in Advanced Micro Devices in the fourth quarter worth approximately $25,000. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices in the fourth quarter worth approximately $27,000. Basepoint Wealth LLC bought a new position in Advanced Micro Devices in the fourth quarter worth approximately $30,000. Aviso Financial Inc. grew its stake in Advanced Micro Devices by 400.0% in the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 160 shares in the last quarter. Finally, Delos Wealth Advisors LLC grew its stake in Advanced Micro Devices by 100.0% in the third quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 3.0%

Advanced Micro Devices stock opened at $475.51 on Wednesday. The business has a fifty day moving average of $369.56 and a two-hundred day moving average of $268.77. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $775.37 billion, a P/E ratio of 155.91, a P/E/G ratio of 1.44 and a beta of 2.50. Advanced Micro Devices, Inc. has a twelve month low of $115.06 and a twelve month high of $546.44.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 37.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. On average, analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the sale, the executive vice president owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the sale, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. This represents a 2.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 332,032 shares of company stock valued at $117,967,816. 0.50% of the stock is currently owned by corporate insiders.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD announced a planned investment of up to £2 billion over five years in the United Kingdom to expand AI innovation, advanced computing, research partnerships, and workforce development, which supports its long-term AI growth story. AMD Commits up to £2 Billion to Accelerate AI Innovation and Research in the United Kingdom
• Positive Sentiment: Several analysts and commentators remained constructive on AMD, citing strong AI infrastructure demand, recent revenue growth, and potential upside from EPYC and Instinct adoption across cloud and enterprise markets.
• Neutral Sentiment: AMD also received attention for new collaborations with Imperial College London, Oriole Networks, and the University of Cambridge, which could help strengthen its AI ecosystem but are longer-term rather than immediate financial catalysts.
• Neutral Sentiment: Insider and institutional trading data showed mixed signals: insiders have been net sellers over the past six months, while several large funds have been adding to positions.
• Negative Sentiment: Shares were weighed by a broad semiconductor selloff and weaker risk appetite, with multiple reports noting that chipmakers, including AMD, pulled lower as the market’s recent AI rebound faded.
• Negative Sentiment: Bearish commentary also resurfaced, with some articles arguing AMD’s valuation is stretched and that Nvidia still holds a wide lead in AI accelerators, which may be pressuring sentiment.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMD. Mizuho increased their price objective on Advanced Micro Devices from $515.00 to $615.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. The Goldman Sachs Group raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $240.00 to $450.00 in a research note on Wednesday, May 6th. Evercore restated an “outperform” rating and set a $579.00 target price on shares of Advanced Micro Devices in a report on Tuesday, May 19th. Finally, Rosenblatt Securities upped their target price on Advanced Micro Devices from $300.00 to $490.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $419.86.

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.