Lyell Wealth Management LP Sells 1,188 Shares of Advanced Micro Devices, Inc. $AMD

Lyell Wealth Management LP lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,311 shares of the semiconductor manufacturer’s stock after selling 1,188 shares during the quarter. Advanced Micro Devices comprises 2.5% of Lyell Wealth Management LP’s holdings, making the stock its 9th biggest position. Lyell Wealth Management LP’s holdings in Advanced Micro Devices were worth $41,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DecisionPoint Financial LLC grew its holdings in Advanced Micro Devices by 79.2% in the third quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 19 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $29,000. JNBA Financial Advisors lifted its holdings in shares of Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 30 shares during the last quarter. Graney & King LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $31,000. Finally, Main Street Group LTD purchased a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 3.7%

NASDAQ AMD opened at $483.90 on Wednesday. The company has a fifty day simple moving average of $548.70 and a two-hundred day simple moving average of $411.73. The stock has a market cap of $789.95 billion, a P/E ratio of 124.40, a P/E/G ratio of 4.79 and a beta of 2.49. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. On average, analysts forecast that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, 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 owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. The trade was a 2.23% 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 231,100 shares of company stock worth $114,867,400 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMD. BMO Capital Markets initiated coverage on Advanced Micro Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Monday, October 5th. CLSA reiterated an “outperform” rating and issued a $710.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. Truist Financial raised their price target on Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Piper Sandler assumed coverage on Advanced Micro Devices in a report on Tuesday, September 15th. They issued an “overweight” rating and a $600.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $608.78.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD reported record Q3 revenue of $13.38 billion and earnings of $2.09 per share, beating analyst estimates. Data-center revenue rose 97% year over year to $8.55 billion, driven by sales of Instinct GPUs and EPYC processors. CNBC earnings report
• Positive Sentiment: The company forecast roughly $17 billion in Q4 revenue, above expectations, implying a sharp sequential increase and about 66% year-over-year growth. The guidance reinforced confidence that AI-chip demand and data-center expansion are accelerating. Reuters outlook coverage
• Neutral Sentiment: Management described the quarter as the company’s largest and most profitable, while coverage also noted mixed performance outside data center, including in gaming, client and embedded businesses. Yahoo Finance interview
• Negative Sentiment: Investors may remain alert to the cost of scaling AI growth: commentary flagged a roughly $3 billion inventory build and sharply weaker free cash flow. AMD’s high valuation also leaves the stock vulnerable if future growth fails to meet elevated expectations. Barchart analysis

Advanced Micro Devices Company Profile

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.