Envestnet Asset Management Inc. Buys 257,351 Shares of Advanced Micro Devices, Inc. $AMD

Envestnet Asset Management Inc. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 33.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,038,346 shares of the semiconductor manufacturer’s stock after purchasing an additional 257,351 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Advanced Micro Devices worth $649,385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMD. Southpoint Capital Advisors LP lifted its holdings in shares of Advanced Micro Devices by 50.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock valued at $183,087,000 after buying an additional 300,000 shares during the period. Boomfish Wealth Group LLC bought a new stake in shares of Advanced Micro Devices in the first quarter worth $1,193,000. Dimensional Fund Advisors LP increased its position in Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after acquiring an additional 291,165 shares during the last quarter. Williamson Legacy Group LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at about $1,118,000. Finally, Thoroughbred Financial Services LLC lifted its holdings in Advanced Micro Devices by 8.8% in the fourth quarter. Thoroughbred Financial Services LLC now owns 32,827 shares of the semiconductor manufacturer’s stock valued at $7,030,000 after acquiring an additional 2,654 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $9.16 on Wednesday, hitting $614.61. 16,287,319 shares of the stock traded hands, compared to its average volume of 33,389,879. The firm has a market cap of $1.00 trillion, a price-to-earnings ratio of 158.00, a PEG ratio of 6.38 and a beta of 2.48. Advanced Micro Devices, Inc. has a 52 week low of $154.78 and a 52 week high of $624.69. The firm has a 50 day simple moving average of $497.38 and a two-hundred day simple moving average of $422.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter in the previous year, the company earned $0.48 EPS. Advanced Micro Devices’s revenue for the quarter was up 50.1% on a year-over-year basis. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa Su sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.79, for a total value of $12,669,750.00. Following the transaction, the chief executive officer directly owned 74,211 shares in the company, valued at $37,609,392.69. The trade was a 25.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the transaction, the executive vice president directly owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. 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 213,838 shares of company stock valued at $105,533,836. 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’s crossing of the $1 trillion market-cap milestone reflects strong investor confidence in its artificial-intelligence growth prospects. The company has benefited from expanding data-center deployments, major customer relationships and optimism that it can become a broader AI-computing platform. AMD Just Joined the $1 Trillion Club
• Positive Sentiment: CEO Lisa Su’s comments that mainstream “agentic AI” could drive a new CPU demand wave are supporting the bullish case for AMD’s EPYC processors and Instinct accelerators. Recent quarterly data-center revenue growth of 107% year over year has reinforced that outlook. CPUs Are Hot Again
• Positive Sentiment: Some analysts and strategists believe the rally can continue, with bullish commentary pointing to additional upside as Wall Street revises AMD’s earnings and price-target assumptions higher. AMD Just Cracked $1 Trillion

Analysts Set New Price Targets

AMD has been the subject of a number of recent research reports. Bank of America boosted their price target on Advanced Micro Devices from $550.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Truist Financial increased their price objective on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Zacks Research downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Benchmark boosted their target price on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, KeyCorp set a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $565.12.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.