Titan Wealth CI Ltd Purchases Shares of 39,073 Advanced Micro Devices, Inc. $AMD

Titan Wealth CI Ltd acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 39,073 shares of the semiconductor manufacturer’s stock, valued at approximately $8,368,000. Advanced Micro Devices comprises approximately 3.2% of Titan Wealth CI Ltd’s portfolio, making the stock its 14th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Joseph Group Capital Management bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $25,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $27,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $27,000. Basepoint Wealth LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $30,000. Finally, Aviso Financial Inc. lifted its holdings in shares of Advanced Micro Devices by 400.0% in the 3rd 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. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AMD shares. Stifel Nicolaus boosted their price target on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Mizuho raised their price objective on Advanced Micro Devices from $515.00 to $615.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. KeyCorp upped their target price on Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Zacks Research lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Benchmark lifted their target price on Advanced Micro Devices from $325.00 to $485.00 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 given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $428.65.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $507.29 on Wednesday. The stock has a fifty day simple moving average of $398.80 and a two-hundred day simple moving average of $279.06. Advanced Micro Devices, Inc. has a 1-year low of $125.77 and a 1-year high of $558.37. The firm has a market cap of $827.19 billion, a price-to-earnings ratio of 166.33, a price-to-earnings-growth ratio of 1.60 and a beta of 2.50. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last issued its 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 firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The business’s revenue was up 37.8% on a year-over-year basis. Analysts anticipate 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 announced a definitive agreement with Rackspace Technology to deploy an initial 30 MW of AMD-based AI compute across Rackspace’s global data centers, reinforcing AMD’s growing role in enterprise AI infrastructure and giving investors another proof point for demand outside hyperscalers. AMD and Rackspace Technology Sign Definitive Agreement for Phased Deployment of 30 MW of AMD AI Compute
• Positive Sentiment: AMD also got a boost from its acquisition of MEXT, a memory-optimization startup aimed at easing AI memory bottlenecks, which investors view as a strategic move to improve performance in memory-heavy AI workloads. AMD buys data center memory optimization startup Mext
• Positive Sentiment: Wall Street remains constructive on AMD, with coverage highlighting upside to earnings estimates, strong AI chip roadmap execution, and AMD’s appearance on lists of favored growth stocks, supporting the stock’s broader rally. Wolfe Research sees substantial upside to AMD estimates
• Neutral Sentiment: Some investors are rotating into AMD as a high-growth AI name, with articles noting it as a top pick among growth investors and one of the standout performers in the AI boom. 5 Best Growth Stocks to Buy According to Billionaire Ray Dalio’s Bridgewater Associates
• Negative Sentiment: Recent trading also reflects pressure from large holders, including Ark Invest trimming AMD shares and reports of heavy insider selling, which can raise concerns about near-term valuation after the stock’s strong run. Cathie Wood Keeps Selling AMD: This Time Ark Dumps Another $12 Millions In Shares
• Negative Sentiment: Some coverage says AMD has been slipping alongside the broader market and that profit-taking may be weighing on shares after a sharp year-to-date advance. Advanced Micro Devices (AMD) Dips More Than Broader Market: What You Should Know

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the transaction, the executive vice president owned 1,236,037 shares in the company, valued at $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the transaction, the executive vice president owned 324,527 shares of the company’s stock, valued at $140,000,947.80. The trade was a 5.66% 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. Insiders have sold a total of 372,032 shares of company stock worth $158,658,616 in the last quarter. 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.