Hendley & Co. Inc. bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,790 shares of the semiconductor manufacturer’s stock, valued at approximately $1,668,000.
Several other large investors have also made changes to their positions in AMD. Joseph Group Capital Management purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $25,000. Koesten Hirschmann & Crabtree INC. raised its position in shares of Advanced Micro Devices by 61.0% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 61 shares during the period. Aviso Financial Inc. raised its position in Advanced Micro Devices by 400.0% in the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 160 shares during the period. Delos Wealth Advisors LLC raised its position in Advanced Micro Devices by 100.0% in the third quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, LFA Lugano Financial Advisors SA raised its position in Advanced Micro Devices by 74.1% in the third quarter. LFA Lugano Financial Advisors SA now owns 235 shares of the semiconductor manufacturer’s stock valued at $38,000 after purchasing an additional 100 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
AMD has been the topic of several research reports. UBS Group set a $310.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 4th. Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Evercore reissued an “outperform” rating and issued a $358.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. BTIG Research raised Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Finally, Susquehanna raised their price objective on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $396.95.
Insider Activity
In other news, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 309,598 shares of company stock worth $105,644,316 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.
Key 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 Stock Down 5.7%
Shares of Advanced Micro Devices stock opened at $424.10 on Friday. The business has a 50-day moving average of $273.49 and a 200-day moving average of $240.52. 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 company has a market capitalization of $691.54 billion, a PE ratio of 139.05, a P/E/G ratio of 1.26 and a beta of 2.40. Advanced Micro Devices, Inc. has a 1-year low of $107.67 and a 1-year high of $469.21.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company’s revenue was up 37.8% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.
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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