Welch Group LLC Reduces Holdings in Advanced Micro Devices, Inc. $AMD

Welch Group LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.1% during the fourth quarter, HoldingsChannel reports. The firm owned 67,622 shares of the semiconductor manufacturer’s stock after selling 3,638 shares during the period. Welch Group LLC’s holdings in Advanced Micro Devices were worth $14,482,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMD. Jennison Associates LLC purchased a new stake in shares of Advanced Micro Devices during the third quarter valued at approximately $626,826,000. Wellington Management Group LLP raised its stake in shares of Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after purchasing an additional 3,735,807 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Advanced Micro Devices by 104.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,991,297 shares of the semiconductor manufacturer’s stock valued at $1,283,096,000 after purchasing an additional 3,059,935 shares during the period. Nordea Investment Management AB increased its stake in shares of Advanced Micro Devices by 203.7% in the third quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer’s stock worth $631,892,000 after buying an additional 2,619,294 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its stake in shares of Advanced Micro Devices by 56.0% in the second quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer’s stock worth $961,078,000 after buying an additional 2,430,533 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 3,293 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $225.00, for a total transaction of $740,925.00. Following the completion of the transaction, the executive vice president owned 1,294,466 shares of the company’s stock, valued at approximately $291,254,850. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal 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, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $214.36, for a total transaction of $26,795,000.00. Following the transaction, the chief executive officer directly owned 3,152,476 shares of the company’s stock, valued at approximately $675,764,755.36. This trade represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 240,243 shares of company stock worth $50,184,855. 0.50% of the stock is owned by insiders.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: TSMC’s blowout guide and upbeat outlook lifted semiconductor sentiment and is a direct read‑through for AMD because TSMC makes AMD’s MI350/MI450 accelerators and next‑gen EPYC CPUs. Strong foundry demand supports higher revenue expectations for AMD. AMD Rips Higher As TSMC’s Blowout Guide Lights Up The Stock
• Positive Sentiment: New multi‑year collaboration with the French government (hardware, software, training and an exascale project) boosts AMD’s sovereign‑AI and data‑center positioning — a tangible near‑term customer/PR win. AMD climbs 3.4% as France AI partnership news and upbeat TSMC earnings buoy chip sentiment
• Positive Sentiment: Wall Street bullishness and price‑target lifts (including Bernstein and other analysts raising targets/ratings) are reinforcing the rally and drawing momentum buying. ‘Keep Buying,’ Says Top Analyst as AMD Stock Hits New High
• Positive Sentiment: Product catalysts: continued excitement around AMD’s MI450 accelerator (and MI350 traction) — if real-world performance matches expectations, that materially increases AMD’s AI server TAM. AMD’s MI450 Chip Could Change Everything for the Stock. Here’s What Investors Need to Know Before It Launches.
• Positive Sentiment: Strategic investments: AMD joined Qualcomm and Arm in a funding round for self‑driving startup Wayve — signals AMD is investing in adjacent AI/edge use cases that can expand long‑term demand. Wayve Snags $60M In New Investments from AMD, Qualcomm, and Arm
• Neutral Sentiment: Media pieces comparing AMD/NVIDIA performance are driving narrative flows (debates about who wins AI datacenter share). These stories increase attention but don’t change fundamentals immediately. Nvidia Stock Is Being Crushed by AMD, Intel. Why It’s Still a Winner.
• Neutral Sentiment: Momentum/technical signals: AMD has extended a multi‑day winning streak and hit record highs, which attracts momentum traders but raises overbought/correction risk. AMD Stock Surges to Record High With Unprecedented 12-Day Rally
• Neutral Sentiment: Some technical commentators warn the stock looks overbought, suggesting short‑term volatility even if fundamentals remain strong. AMD Stock Is in Overbought Territory. Is It Too Late to Snag Shares Now?
• Negative Sentiment: Certain high‑profile managers (e.g., Cathie Wood) have trimmed AMD positions — presented as rebalancing, but such headlines can sap momentum and trigger short‑term selling. Cathie Wood Keeps Selling AMD Stock. Why, and Should You?
• Negative Sentiment: Insider selling has been notable in recent filings (large executive sales), which some investors view as a cautionary signal even if sales may be for diversification/liquidity. AMD climbs 3.4% as France AI partnership news and upbeat TSMC earnings buoy chip sentiment

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $278.26 on Friday. The company has a market cap of $453.66 billion, a PE ratio of 105.00, a P/E/G ratio of 0.95 and a beta of 1.96. The company has a fifty day moving average price of $211.21 and a two-hundred day moving average price of $219.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.85 and a quick ratio of 2.01. Advanced Micro Devices, Inc. has a 12 month low of $83.75 and a 12 month high of $279.34.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Micro Devices in a research note on Monday, December 29th. Sanford C. Bernstein lifted their price target on shares of Advanced Micro Devices from $235.00 to $265.00 and gave the stock a “market perform” rating in a research note on Thursday. KeyCorp restated an “overweight” rating and issued a $330.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Rosenblatt Securities restated a “buy” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group lifted their price target on shares of Advanced Micro Devices from $210.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $291.03.

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.