Fort Point Capital Partners LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 991 shares of the semiconductor manufacturer’s stock, valued at approximately $226,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $25,000. Sarver Vrooman Wealth Advisors acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $27,000. Cornerstone Financial Management LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $27,000. Basepoint Wealth LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Aviso Financial Inc. grew its holdings in Advanced Micro Devices by 400.0% during the third 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 period. 71.34% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Advanced Micro Devices
In other news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the sale, the director directly owned 87,173 shares of the company’s stock, valued at $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, April 24th. The stock was 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 in the company, valued at approximately $432,612,950. The trade was a 2.47% 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. Over the last three months, insiders sold 372,032 shares of company stock valued at $158,658,616. Insiders own 0.50% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Report on AMD
Advanced Micro Devices Stock Performance
Shares of NASDAQ:AMD opened at $511.57 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The business’s 50 day moving average price is $386.41 and its 200-day moving average price is $274.60. The firm has a market capitalization of $834.17 billion, a PE ratio of 167.73, a P/E/G ratio of 1.50 and a beta of 2.50. Advanced Micro Devices, Inc. has a 1 year low of $115.06 and a 1 year high of $546.44.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s revenue was up 37.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.
Advanced Micro Devices News Roundup
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Citi upgraded AMD and argued that the market is underpricing its AI GPU upside, boosting confidence in the stock’s AI-driven growth path.
- Positive Sentiment: Bank of America also raised its outlook on AMD, calling it a top CPU pick and pointing to a large agentic AI opportunity across servers and accelerators.
- Positive Sentiment: Multiple reports highlighted rising GPU market-share data and stronger investor focus on AMD’s expanding role in AI hardware, helping semiconductor stocks rally broadly.
About Advanced Micro Devices
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.
Read More
- Five stocks we like better than Advanced Micro Devices
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report).
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.
