WNY Asset Management LLC Acquires New Stake in Advanced Micro Devices, Inc. $AMD

WNY Asset Management LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,458 shares of the semiconductor manufacturer’s stock, valued at approximately $847,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Luminist Capital LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at $46,000. BOK Financial Private Wealth Inc. bought a new stake in Advanced Micro Devices during the 2nd quarter valued at about $53,000. Toews Corp ADV bought a new stake in Advanced Micro Devices during the 2nd quarter valued at about $66,000. Cornerstone Financial Management LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $27,000. Finally, Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMD shares. JPMorgan Chase & Co. raised their target price on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. BMO Capital Markets assumed coverage on Advanced Micro Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective on the stock. Benchmark raised their price objective on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. HSBC lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and lifted their target price for the company from $335.00 to $340.00 in a research report on Monday, May 4th. Finally, Stifel Nicolaus upped their target price on Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $553.72.

Advanced Micro Devices Trading Up 1.1%

Shares of NASDAQ:AMD opened at $470.72 on Tuesday. The business’s 50-day moving average is $504.05 and its 200 day moving average is $387.43. 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, Inc. has a 1 year low of $149.22 and a 1 year high of $584.73. The firm has a market capitalization of $768.44 billion, a P/E ratio of 121.01 and a beta of 2.48.

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 the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter last year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 50.1% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Saudi Arabia AI deployment goes live: AMD, Cisco and HUMAIN announced that production AI compute is now operational in Saudi Arabia using AMD Instinct MI355X GPUs, EPYC CPUs and Cisco Silicon One networking. The companies plan to expand the project by up to 250 megawatts beginning in 2027, with broader plans potentially reaching 1 gigawatt by 2030. The rollout provides evidence of commercial demand for AMD’s data-center products and expands its international AI footprint. AMD, Cisco and HUMAIN Expand Saudi Arabia’s AI Infrastructure
• Positive Sentiment: Broader AI infrastructure momentum: Coverage also points to AMD collaborations involving expanded AI networks and a new supercomputer, reinforcing the investment case that the company can capture a portion of the rapidly growing accelerator and data-center market. AMD Stock Rises on New AI Infrastructure and Supercomputer Collaborations
• Positive Sentiment: Analyst-rating support: Wall Street Zen upgraded its rating on AMD, adding a favorable sentiment signal, though the article provides limited detail about the rationale. AMD Stock Rating Upgraded
• Neutral Sentiment: AI sector expectations remain elevated: Micron’s upcoming results could influence sentiment across AI semiconductor stocks. Strong AI demand may help AMD’s sector narrative, but an earnings disappointment could increase volatility throughout the group. Micron Could Be September’s Biggest AI Winner or Loser
• Negative Sentiment: Selling and competitive risks: ARK Invest sold approximately $74.5 million of AMD shares while buying Nvidia and Broadcom, potentially weighing on sentiment. Separately, Nvidia’s expanding chip portfolio highlights intensifying competition for AI workloads. Cathie Wood Sells AMD Stock
• Negative Sentiment: Policy and valuation overhang: Proposed U.S. tariffs on imported semiconductors and components could raise AMD’s supply-chain costs. Insider selling is another near-term confidence concern, while AMD’s high valuation leaves the stock vulnerable if AI growth expectations or execution disappoint. AMD Is Exposed to Proposed US Chip Tariffs

Insider Buying and Selling

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,993 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total value of $1,462,649.17. Following the completion of the transaction, the senior vice president owned 26,623 shares of the company’s stock, valued at approximately $13,010,393.87. This trade represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. 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 sold 232,577 shares of company stock worth $109,509,170 over the last ninety days. Company insiders own 0.50% of the company’s stock.

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.