DUTCH ASSET Corp bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 4th quarter, HoldingsChannel reports. The fund bought 43,460 shares of the semiconductor manufacturer’s stock, valued at approximately $9,307,000. Advanced Micro Devices accounts for about 7.2% of DUTCH ASSET Corp’s portfolio, making the stock its 3rd biggest holding.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Joseph Group Capital Management purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $25,000. Sarver Vrooman Wealth Advisors bought a new stake in Advanced Micro Devices in the fourth quarter worth about $27,000. Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $27,000. Basepoint Wealth LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $30,000. Finally, Aviso Financial Inc. grew its position in shares of Advanced Micro Devices by 400.0% during the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after acquiring an additional 160 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.
Key Advanced Micro Devices News
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Bernstein raised its price target on AMD to $600, citing strong AI infrastructure demand and improving server-market conditions, reinforcing the bullish case for the stock. Why Is AMD Stock Gaining Thursday?
- Positive Sentiment: AMD and Rackspace signed a definitive agreement to deploy 30 MW of AMD-based AI compute across Rackspace’s data centers, a win that could expand AMD’s presence in regulated enterprise cloud workloads. Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom (AMD)
- Positive Sentiment: AMD’s acquisition of MEXT is being viewed as strategically important because it could help address AI data-center memory bottlenecks and strengthen the company’s AI stack. AMD (AMD) Buys MEXT To Tackle AI Data Center Memory Bottlenecks
- Neutral Sentiment: Several analyst and investor articles continue to highlight AMD’s strong year-to-date rally, but also warn that the stock is trading near all-time highs and may be fully valued, which could temper upside near term. Buy, Hold, or Sell: AMD Rested Near All-Time Highs as Kevin Warsh Opened His First Fed Meeting. Is AMD Stock a Buy at $507?
- Neutral Sentiment: Market commentary from today also points to AMD as a preferred semiconductor alternative versus Intel, but the note is more about sector positioning than a direct company-specific catalyst. Analyst Warns Intel Valuation ‘Doesn’t Make Sense.’ Suggests NVIDIA, AMD, Micron, and Broadcom as Alternatives.
- Negative Sentiment: Some recent coverage warns AMD has likely risen too far, too fast, which could invite profit-taking if investors become more cautious about valuation. One Warning Signal AMD Investors Can’t Miss
Advanced Micro Devices Trading Up 0.4%
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) 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 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 firm’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Advanced Micro Devices 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 value of $10,962,000.00. Following the sale, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 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 approximately $46,759,604.58. This trade represents a 18.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 378,032 shares of company stock worth $161,876,596. 0.50% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. DA Davidson lifted their price target on shares of Advanced Micro Devices from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. BTIG Research raised Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Susquehanna raised their target price on Advanced Micro Devices from $375.00 to $450.00 and gave the stock a “positive” rating in a research report on Wednesday, May 6th. Wedbush boosted their target price on Advanced Micro Devices from $290.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Seaport Research Partners raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price target on the stock in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $430.68.
Get 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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