Schear Investment Advisers LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 32.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,219 shares of the semiconductor manufacturer’s stock after purchasing an additional 7,810 shares during the quarter. Advanced Micro Devices comprises about 2.9% of Schear Investment Advisers LLC’s investment portfolio, making the stock its 9th largest position. Schear Investment Advisers LLC’s holdings in Advanced Micro Devices were worth $6,554,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Joseph Group Capital Management acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $25,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Cornerstone Financial Management LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $30,000. Finally, Delos Wealth Advisors LLC lifted its holdings in Advanced Micro Devices by 100.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Trading Down 7.8%
Advanced Micro Devices stock traded down $43.05 during mid-day trading on Tuesday, hitting $509.00. 10,089,651 shares of the company’s stock were exchanged, compared to its average volume of 37,281,660. The company’s 50 day simple moving average is $470.75 and its 200-day simple moving average is $308.01. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $829.97 billion, a P/E ratio of 165.99, a PEG ratio of 1.53 and a beta of 2.47. Advanced Micro Devices, Inc. has a fifty-two week low of $135.91 and a fifty-two week high of $584.73.
Insider Activity
In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the sale, the chief executive officer directly owned 2,896,899 shares of the company’s stock, valued at approximately $1,334,572,400.31. The trade was a 4.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 374,739 shares of company stock worth $161,135,671. Corporate insiders own 0.50% of the company’s stock.
Wall Street Analysts Forecast Growth
AMD has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their target price on Advanced Micro Devices from $325.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. UBS Group boosted their price target on shares of Advanced Micro Devices from $455.00 to $670.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Benchmark raised their price objective on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group lifted their target price on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a report on Monday. Finally, Stifel Nicolaus increased their price target on Advanced Micro Devices from $320.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $453.92.
Read Our Latest Stock Analysis on Advanced Micro Devices
Trending Headlines about Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Goldman Sachs and Wells Fargo both raised their price targets on AMD, citing strong server CPU demand, pricing power, and continued AI-related growth. AMD, Nvidia, Micron, Oracle, Dell, Intel, and More Stocks That Explain Today’s Market
- Positive Sentiment: AMD’s AI story got another boost after Turing said it began using AMD GPUs for 10% of its AI training and brought in AMD Ventures as a backer, expanding AMD’s reach into autonomous driving. AMD Gains AI Customer as $600 Million Self-Driving Startup Adopts Its GPUs
- Positive Sentiment: AMD is also benefiting from the view that it could close the gap with Nvidia as data center revenue and AI accelerator demand continue to accelerate, keeping long-term growth expectations elevated. AMD Is 11% Away From Joining the $1 Trillion Club. Could It Get There This Year?
- Neutral Sentiment: Cathie Wood’s ARK Invest sold about $8 million of AMD shares, which may add some near-term supply but does not change the company’s operating outlook. AMD Stock: Cathie Wood Sells $8M in AMD Despite Growing Analyst Optimism
- Neutral Sentiment: Investors are also watching commentary that AMD’s AI momentum is strong, but expectations may already be high after the stock’s sharp run and recent record levels. Advanced Micro Devices (AMD) Wins Fresh Analyst Backing, Is The Upside Already Priced In?
- Negative Sentiment: AMD is slipping with the broader semiconductor and AI trade as investors rotate out of high-multiple tech names and await fresh macro catalysts such as Fed minutes. NVDA, AMD, and INTC Forecasts – Stalling AI Trade Pressures Chip Stocks
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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