2,145 Advanced Micro Devices, Inc. $AMD Shares Purchased by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 90.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,505 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,145 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in Advanced Micro Devices were worth $2,756,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMD. BlackRock Inc. lifted its stake in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after acquiring an additional 4,535,126 shares in the last quarter. State Street Corp grew its stake in shares of Advanced Micro Devices by 2.9% in the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after acquiring an additional 2,149,563 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth $7,022,226,000. Jennison Associates LLC grew its stake in shares of Advanced Micro Devices by 5.8% in the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after acquiring an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock valued at $5,422,444,000 after purchasing an additional 2,365,419 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,262 shares of Advanced Micro Devices stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the sale, the executive vice president owned 353,317 shares of the company’s stock, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the sale, the executive vice president directly owned 160,979 shares in the company, valued at approximately $76,316,924.32. This 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. Insiders have sold a total of 231,100 shares of company stock valued at $114,867,400 in the last three months. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 7.5%

Shares of Advanced Micro Devices stock opened at $466.84 on Tuesday. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The firm has a market cap of $762.10 billion, a PE ratio of 120.01, a P/E/G ratio of 5.94 and a beta of 2.45. The stock has a fifty day moving average price of $548.16 and a 200-day moving average price of $410.43. 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 issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm’s quarterly revenue was up 50.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Expectations remain favorable for AMD’s AI business. Its Helios AI systems began shipping in September, and investors will look for evidence that the product ramp can accelerate revenue growth. Analysts also cite strong AI demand and increasing EPYC server adoption as potential catalysts. AMD Reports Tuesday: Here’s the Number That Will Show Whether It’s Gaining on Nvidia
• Positive Sentiment: Morgan Stanley raised its AMD price target from $465 to $510 while maintaining an Equal Weight rating, suggesting some upside despite a cautious stance. Separately, Tiger Global reportedly initiated a roughly $392 million AMD position, signaling institutional interest ahead of earnings. Morgan Stanley AMD Ratings
• Neutral Sentiment: Third-quarter revenue is expected to be close to AMD’s approximately $13 billion forecast, making fourth-quarter guidance the key share-price catalyst. Investors will focus on the pace of Helios shipments, AI demand from hyperscalers and management’s outlook for Nvidia competition. AMD’s Guidance in Focus During Q3 Results
• Negative Sentiment: AMD is entering the report after a sharp pullback from its high, with options markets implying substantial post-earnings volatility and some data suggesting a possible further decline. Its elevated valuation increases the risk of a negative reaction if guidance fails to exceed expectations. Ahead of AMD Earnings: What Barchart Data Says Comes Next
• Negative Sentiment: Intel’s warning has revived concerns about weakness in the PC market, while rising memory prices and tighter supply could pressure costs across AI infrastructure. Analysts have also flagged competition, high expectations and “circular investing” risks involving AI companies.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AMD shares. Piper Sandler assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, September 15th. They set an “overweight” rating and a $600.00 price target on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Melius Research set a $660.00 price objective on shares of Advanced Micro Devices in a research report on Friday, July 24th. William Blair reiterated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Finally, Wall Street Zen cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Saturday. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $608.78.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.