USS Investment Management Ltd lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 2.5% during the fourth quarter, Holdings Channel reports. The fund owned 261,425 shares of the semiconductor manufacturer’s stock after selling 6,587 shares during the quarter. USS Investment Management Ltd’s holdings in Advanced Micro Devices were worth $55,984,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the stock. Zinnia Wealth Advisory LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $703,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Advanced Micro Devices by 8.7% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 226,714 shares of the semiconductor manufacturer’s stock worth $48,553,000 after buying an additional 18,059 shares during the period. Whalerock Point Partners LLC boosted its holdings in shares of Advanced Micro Devices by 11.9% in the fourth quarter. Whalerock Point Partners LLC now owns 4,629 shares of the semiconductor manufacturer’s stock worth $991,000 after buying an additional 493 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Advanced Micro Devices by 474.5% in the fourth quarter. Panagora Asset Management Inc. now owns 281,088 shares of the semiconductor manufacturer’s stock worth $60,198,000 after buying an additional 232,161 shares during the period. Finally, Potentia Wealth acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth about $259,000. Institutional investors and hedge funds own 71.34% of the company’s stock.
Insider Activity
In other news, EVP Mark D. Papermaster sold 31,320 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president owned 1,236,037 shares in the company, valued at approximately $432,612,950. This represents a 2.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 372,032 shares of company stock valued at $158,658,616. 0.50% of the stock is currently owned by company insiders.
Advanced Micro Devices Stock Performance
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. Research analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.
Key Stories Impacting Advanced Micro Devices
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.
Analyst Upgrades and Downgrades
Several research analysts have commented on AMD shares. Erste Group Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. KeyCorp raised their target price on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Truist Financial set a $478.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Evercore reiterated an “outperform” rating and issued a $579.00 target price on shares of Advanced Micro Devices in a report on Tuesday, May 19th. Finally, Oppenheimer cut shares of Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $424.59.
Read Our Latest Stock Report on AMD
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.
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