Canada Post Corp Registered Pension Plan lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 17.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,390 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,770 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Advanced Micro Devices were worth $9,721,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in Advanced Micro Devices by 0.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 414,391 shares of the semiconductor manufacturer’s stock worth $88,746,000 after buying an additional 2,480 shares in the last quarter. WealthPlan Investment Management LLC grew its stake in shares of Advanced Micro Devices by 338.5% in the fourth quarter. WealthPlan Investment Management LLC now owns 6,157 shares of the semiconductor manufacturer’s stock worth $1,319,000 after acquiring an additional 4,753 shares in the last quarter. Dana Investment Advisors Inc. grew its stake in shares of Advanced Micro Devices by 2.2% in the fourth quarter. Dana Investment Advisors Inc. now owns 4,533 shares of the semiconductor manufacturer’s stock worth $971,000 after acquiring an additional 99 shares in the last quarter. Hills Bank & Trust Co increased its position in shares of Advanced Micro Devices by 3.0% during the fourth quarter. Hills Bank & Trust Co now owns 11,027 shares of the semiconductor manufacturer’s stock worth $2,362,000 after acquiring an additional 320 shares during the period. Finally, Terra Alpha Investments LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $1,144,000. 71.34% of the stock is 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: Q1 earnings and revenue both topped expectations, with data center sales up sharply on strong demand for EPYC CPUs and Instinct GPUs.
- Positive Sentiment: Several analysts raised price targets after the earnings report, citing AMD’s accelerating AI and data center growth.
- Positive Sentiment: AMD expanded FSR 4.1 support to older GPUs and introduced new Ryzen PRO 9000 offerings, reinforcing product momentum in client and gaming.
Advanced Micro Devices Trading Down 5.7%
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm’s revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $445.51, for a total value of $55,688,750.00. Following the transaction, the chief executive officer directly owned 3,021,899 shares of the company’s stock, valued at $1,346,286,223.49. This trade represents a 3.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 Advanced Micro Devices stock in a transaction on 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 sale, the executive vice president owned 105,222 shares in the company, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 309,598 shares of company stock valued at $105,644,316. 0.50% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several research analysts recently commented on AMD shares. Wells Fargo & Company boosted their target price on Advanced Micro Devices from $345.00 to $505.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Northland Securities reissued a “market perform” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a research report on Monday, April 27th. Evercore restated an “outperform” rating and set a $358.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Finally, Seaport Research Partners raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 target price on the stock in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $396.95.
Get Our Latest Stock Analysis 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.
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