Hobbs Wealth Management LLC Buys New Shares in Advanced Micro Devices, Inc. $AMD

Hobbs Wealth Management LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,805 shares of the semiconductor manufacturer’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Brighton Jones LLC grew its stake in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after buying an additional 234 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Advanced Micro Devices by 36.5% during the first quarter. Meeder Asset Management Inc. now owns 860 shares of the semiconductor manufacturer’s stock valued at $88,000 after acquiring an additional 230 shares in the last quarter. N.E.W. Advisory Services LLC lifted its stake in Advanced Micro Devices by 35.7% in the first quarter. N.E.W. Advisory Services LLC now owns 2,357 shares of the semiconductor manufacturer’s stock worth $242,000 after acquiring an additional 620 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Advanced Micro Devices by 69.2% in the first quarter. Federated Hermes Inc. now owns 458,743 shares of the semiconductor manufacturer’s stock valued at $47,131,000 after acquiring an additional 187,588 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Mizuho upped their price objective on shares of Advanced Micro Devices from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 12th. Bank of America restated a “buy” rating and issued a $300.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Seaport Res Ptn downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Finally, Roth Capital restated a “buy” rating and issued a $300.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $278.54.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the completion of the sale, the executive vice president directly owned 300,348 shares in the company, valued at approximately $68,890,820.76. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at $411,686,940.60. This trade represents a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 75,676 shares of company stock worth $16,124,589. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $214.24 on Thursday. The firm has a market capitalization of $348.79 billion, a PE ratio of 123.13, a P/E/G ratio of 2.42 and a beta of 1.93. The company has a 50 day moving average price of $217.60 and a 200-day moving average price of $170.77. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Advanced Micro Devices has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.