Liberty One Investment Management LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 63.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,284 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,838 shares during the quarter. Liberty One Investment Management LLC’s holdings in Advanced Micro Devices were worth $1,482,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of AMD. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after purchasing an additional 2,525,109 shares during the period. State Street Corp grew its stake in shares of Advanced Micro Devices by 1.5% in the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock valued at $16,044,712,000 after buying an additional 1,094,835 shares during the period. Geode Capital Management LLC grew its stake in shares of Advanced Micro Devices by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock valued at $8,015,897,000 after buying an additional 287,525 shares during the period. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $4,929,312,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Advanced Micro Devices by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer’s stock worth $4,352,864,000 after buying an additional 55,969 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Insider Activity
In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction dated 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 in the company, valued at $140,000,947.80. This trade represents a 5.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 2,896,899 shares of the company’s stock, valued at $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 310,310 shares of company stock worth $141,185,456 in the last quarter. Insiders own 0.50% of the company’s stock.
Key Advanced Micro Devices News
- Positive Sentiment: AMD’s multibillion-dollar Anthropic agreement could secure a large, multi-year pipeline of AI chip sales and deepen its position in the data center market. Article Title
- Positive Sentiment: AMD unveiled its new Helios AI rack-scale system and a broader full-stack AI roadmap, signaling a more direct challenge to Nvidia in high-growth AI infrastructure. Article Title
- Positive Sentiment: Benchmark reportedly raised its price target on AMD to $685, adding to bullish analyst sentiment around the stock. Article Title
- Positive Sentiment: AMD also announced an AI inference partnership with Cerebras, which could improve latency and efficiency for next-generation AI workloads. Article Title
- Neutral Sentiment: Broad strength in semiconductor names after strong Intel results is helping sentiment across the chip sector, including AMD. Article Title
- Negative Sentiment: Late-day weakness in the technology sector is creating some pressure on AMD and other AI stocks, partly due to capex and macro concerns. Article Title
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Erste Group Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Wedbush raised their target price on Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Bank of America lifted their target price on Advanced Micro Devices from $550.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. upped their price target on Advanced Micro Devices from $270.00 to $385.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their price target on Advanced Micro Devices from $325.00 to $400.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $480.14.
Read Our Latest Report on Advanced Micro Devices
Advanced Micro Devices Stock Down 2.3%
Shares of NASDAQ AMD opened at $539.69 on Friday. The firm has a market cap of $880.02 billion, a price-to-earnings ratio of 176.95, a PEG ratio of 1.60 and a beta of 2.47. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73. The business’s 50 day moving average is $510.65 and its two-hundred day moving average is $339.41.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same period last year, the business posted $0.96 earnings per share. The company’s quarterly revenue was up 37.8% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 6.25 EPS for the current year.
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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