Advanced Micro Devices, Inc. $AMD Shares Sold by Jessup Wealth Management Inc

Jessup Wealth Management Inc reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 47.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,389 shares of the semiconductor manufacturer’s stock after selling 38,666 shares during the period. Advanced Micro Devices makes up about 3.1% of Jessup Wealth Management Inc’s portfolio, making the stock its 10th biggest holding. Jessup Wealth Management Inc’s holdings in Advanced Micro Devices were worth $9,292,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. James J. Burns & Company LLC lifted its holdings in Advanced Micro Devices by 2.3% during the 4th quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock worth $389,000 after purchasing an additional 40 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in Advanced Micro Devices by 0.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer’s stock worth $1,052,000 after purchasing an additional 43 shares during the last quarter. Willis Johnson & Associates Inc. lifted its holdings in Advanced Micro Devices by 1.9% during the 4th quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock worth $493,000 after purchasing an additional 44 shares during the last quarter. Addison Advisors LLC lifted its holdings in Advanced Micro Devices by 12.7% during the 3rd quarter. Addison Advisors LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $65,000 after purchasing an additional 45 shares during the last quarter. Finally, Smith Moore & CO. lifted its holdings in Advanced Micro Devices by 1.1% during the 3rd quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer’s stock worth $641,000 after purchasing an additional 45 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $452.40 on Thursday. The stock’s fifty day moving average price is $374.69 and its two-hundred day moving average price is $270.50. Advanced Micro Devices, Inc. has a one year low of $115.06 and a one year high of $546.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The firm has a market cap of $737.68 billion, a PE ratio of 148.33, a price-to-earnings-growth ratio of 1.40 and a beta of 2.50.

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, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same quarter last year, the company posted $0.96 EPS. The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction on 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 transaction, the executive vice president owned 324,527 shares in the company, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 Advanced Micro Devices stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $445.51, for a total value of $55,688,750.00. Following the completion of the transaction, the chief executive officer owned 3,021,899 shares in the company, valued at approximately $1,346,286,223.49. The trade was a 3.97% 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 247,032 shares of company stock worth $101,072,366. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMD shares. Bank of America lifted their price target on Advanced Micro Devices from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. 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. Seaport Research Partners upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price objective on the stock in a research note on Wednesday, May 6th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Finally, DA Davidson raised their price objective on Advanced Micro Devices from $375.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $419.86.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD continues to benefit from strong AI infrastructure demand, with recent coverage highlighting record data center revenue and growing adoption of EPYC and Instinct products.
• Positive Sentiment: Wall Street remains broadly constructive on AMD, with multiple buy/overweight ratings and several price targets above current levels.
• Neutral Sentiment: TSMC’s strong monthly sales reinforced that demand for AI chips remains robust across the semiconductor supply chain.
• Negative Sentiment: AMD was hit by a sector-wide semiconductor selloff as investors pulled back from high-flying chip stocks.
• Negative Sentiment: AMD’s investment in TensorWave raised concerns about circular financing and added to recent caution around AI-related capital allocation.
• Negative Sentiment: Several market commentators and analysts warned that AMD’s sharp multi-month rally may be leaving the stock vulnerable to a valuation reset.

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.