Advanced Micro Devices, Inc. $AMD Shares Purchased by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 58.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,756 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,822 shares during the quarter. Palumbo Wealth Management LLC’s holdings in Advanced Micro Devices were worth $2,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Koesten Hirschmann & Crabtree INC. raised its stake in shares of Advanced Micro Devices by 61.0% during the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 61 shares during the last quarter. ORG Wealth Partners LLC grew its holdings in Advanced Micro Devices by 39.7% during the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 46 shares during the period. Pinney & Scofield Inc. grew its holdings in Advanced Micro Devices by 81.0% during the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the period. Signature Resources Capital Management LLC raised its position in Advanced Micro Devices by 170.4% during the third quarter. Signature Resources Capital Management LLC now owns 219 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 138 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA lifted its holdings in Advanced Micro Devices by 74.1% in the third quarter. LFA Lugano Financial Advisors SA now owns 235 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 100 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Riot Platforms is advancing a long-term Texas data-center lease that references a partnership with AMD, giving AMD a potential hyperscaler customer and a concrete deployment for its data‑center solutions. Read More.
• Positive Sentiment: ARK Invest (Cathie Wood) increased exposure to AMD in recent ETF trades, representing fresh institutional buying interest that can provide short-term support to the stock. Read More.
• Positive Sentiment: Erste Group issued an optimistic earnings estimate for AMD, signaling analyst support that could underpin sentiment if upcoming results match or beat expectations. Read More.
• Neutral Sentiment: NVIDIA is rallying ahead of its quarterly report, a sector-level move that draws investor money into Nvidia and occasionally away from AMD even when AMD fundamentals remain strong. This is a market-structure/rotation effect rather than a direct AMD-specific development. Read More.
• Neutral Sentiment: Coverage of the AI supply chain highlights long-term secular demand for chips and packaging (benefitting AMD via TSMC/partner capacity), a structural positive but one that doesn’t prevent short-term volatility. Read More.
• Negative Sentiment: Reuters reports China’s DeepSeek trained a new model on NVIDIA’s top AI chip despite U.S. export controls — a reminder that NVIDIA’s hardware remains the default for many large AI training jobs, which highlights competitive headwinds for AMD in winning the highest-end GPU workloads. Read More.
• Negative Sentiment: Hedge-fund moves: David Tepper and other investors have trimmed AMD positions while redeploying into other AI names, signaling profit-taking and rotation that can pressure the stock even if AMD’s revenue is growing. Read More.

Advanced Micro Devices Stock Performance

AMD opened at $196.60 on Tuesday. The company has a market cap of $320.54 billion, a price-to-earnings ratio of 74.19, a PEG ratio of 0.75 and a beta of 1.94. The firm’s fifty day simple moving average is $219.46 and its two-hundred day simple moving average is $207.52. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.21. The firm had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMD. Wells Fargo & Company reaffirmed an “overweight” rating and set a $345.00 price objective on shares of Advanced Micro Devices in a research note on Friday, January 30th. TD Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a report on Tuesday, December 2nd. China Renaissance began coverage on shares of Advanced Micro Devices in a report on Tuesday, January 13th. They issued a “buy” rating and a $291.00 price objective for the company. Bank of America reiterated a “buy” rating and issued a $300.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Finally, DA Davidson raised shares of Advanced Micro Devices to a “hold” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $288.17.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the completion of the sale, the chief executive officer directly owned 3,277,476 shares in the company, valued at approximately $705,116,186.64. The trade was a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ava Hahn sold 2,442 shares of the firm’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $234.42, for a total value of $572,453.64. Following the completion of the transaction, the senior vice president owned 16,359 shares in the company, valued at $3,834,876.78. The trade was a 12.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 271,892 shares of company stock valued at $58,476,908 over the last quarter. 0.06% of the stock is currently owned by insiders.

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.