Intech Investment Management LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 46.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,518 shares of the semiconductor manufacturer’s stock after purchasing an additional 29,459 shares during the period. Intech Investment Management LLC’s holdings in Advanced Micro Devices were worth $20,028,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in AMD. Joseph Group Capital Management purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $25,000. Koesten Hirschmann & Crabtree INC. grew its holdings in Advanced Micro Devices by 61.0% in 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 in the last quarter. Aviso Financial Inc. increased its stake 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 acquiring an additional 160 shares during the last quarter. Delos Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 100.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after acquiring an additional 100 shares during the period. Finally, LFA Lugano Financial Advisors SA raised its holdings in shares of Advanced Micro Devices by 74.1% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 235 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 100 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
More Advanced Micro Devices News
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Rocket One was accepted into the AMD AI Developer Program, giving the company access to AMD cloud tools, credits, and technical resources that could help expand demand for AMD’s AI ecosystem. Rocket One Accepted into AMD AI Developer Program to Advance Simulation of Next-Generation Nanomagnetic AI Accelerator Architecture for AI, Defense and Space Applications
- Positive Sentiment: Several articles argue AMD still has room to run after its post-earnings surge, citing strong data center growth, rising EPYC and Instinct adoption, and the company’s expanding AI opportunity. AMD’s Data Center Growth Rides on EPYC Demand: More Upside Ahead?
- Positive Sentiment: Analyst sentiment remains constructive, with recent upgrades and higher price targets suggesting Wall Street sees a much larger market opportunity for AMD’s CPU and AI businesses. Why Wall Street Sees A Much Bigger Market Opportunity For AMD
- Positive Sentiment: AMD’s AI narrative is also being reinforced by bullish opinion pieces saying the stock’s rally may still be unfinished, keeping momentum traders engaged. AMD Stock Is On A Once-In-50-Year Run — And It Looks Like Unfinished Business
- Neutral Sentiment: Cathie Wood and ARK Invest sold more than $16 million of AMD shares, which may create some near-term headline pressure but does not change the company’s operating outlook. Cathie Wood Just Sold $16 Million of AMD Stock. Why Did ARK Invest Sell the Chip Giant?
- Neutral Sentiment: Coverage noting Nvidia’s relative underperformance versus the broader chip sector is helping frame AMD as a beneficiary of shifting AI hardware demand, though the impact is indirect. Nvidia Stock Is Now a Chip Laggard
Advanced Micro Devices Price Performance
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. 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 prior year, the business posted $0.96 EPS. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.
Insider Transactions at Advanced Micro Devices
In related news, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the transaction, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the transaction, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 329,085 shares of company stock valued at $114,051,007 over the last three months. 0.50% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities upped their price objective on shares of Advanced Micro Devices from $300.00 to $490.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. The Goldman Sachs Group upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and boosted their target price for the company from $240.00 to $450.00 in a report on Wednesday, May 6th. Wedbush increased their price target on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Needham & Company LLC raised shares of Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $410.00.
View Our Latest Stock Report on AMD
Advanced Micro Devices Company 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.
Further Reading
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