TKG Advisors LLC Takes Position in Advanced Micro Devices, Inc. $AMD

TKG Advisors LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,591 shares of the semiconductor manufacturer’s stock, valued at approximately $5,266,000. Advanced Micro Devices accounts for approximately 2.1% of TKG Advisors LLC’s portfolio, making the stock its 16th biggest position.

Other institutional investors also recently bought and sold shares of the company. Impax Asset Management Group plc increased its stake in Advanced Micro Devices by 326.5% in the 3rd quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer’s stock valued at $8,424,000 after buying an additional 39,861 shares during the period. Zweig DiMenna Associates LLC increased its stake in Advanced Micro Devices by 127.6% in the 3rd quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer’s stock valued at $11,746,000 after buying an additional 40,708 shares during the period. Wedbush Securities Inc. increased its stake in Advanced Micro Devices by 7.8% in the 3rd quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer’s stock valued at $13,632,000 after buying an additional 6,095 shares during the period. Highline Wealth Partners LLC increased its stake in Advanced Micro Devices by 4,891.6% in the 4th quarter. Highline Wealth Partners LLC now owns 8,286 shares of the semiconductor manufacturer’s stock valued at $1,775,000 after buying an additional 8,120 shares during the period. Finally, William Blair Investment Management LLC increased its stake in Advanced Micro Devices by 72.5% in the 3rd quarter. William Blair Investment Management LLC now owns 1,047,200 shares of the semiconductor manufacturer’s stock valued at $169,426,000 after buying an additional 440,296 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMD has been the topic of several research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $230.00 target price on shares of Advanced Micro Devices in a research report on Monday, March 16th. Wells Fargo & Company restated an “overweight” rating and set a $345.00 target price on shares of Advanced Micro Devices in a research report on Friday, January 30th. TD Cowen restated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Benchmark restated a “buy” rating and set a $325.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Finally, Truist Financial set a $283.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $292.14.

Insider Activity

In related news, EVP Mark D. Papermaster sold 27,109 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $275.00, for a total transaction of $7,454,975.00. Following the transaction, the executive vice president owned 1,267,357 shares of the company’s stock, valued at approximately $348,523,175. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the transaction, the executive vice president directly owned 129,598 shares in the company, valued at $26,550,742.26. The trade was a 5.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 273,352 shares of company stock worth $59,173,070. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $305.33 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. The company has a market capitalization of $497.79 billion, a price-to-earnings ratio of 115.22, a PEG ratio of 1.10 and a beta of 1.96. The company’s 50 day simple moving average is $218.99 and its 200 day simple moving average is $224.08. Advanced Micro Devices, Inc. has a 1 year low of $90.37 and a 1 year high of $310.22.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.21. The business had revenue of $10.27 billion for the quarter, compared to the consensus estimate of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 earnings per share. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 5.78 EPS for the current year.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Stifel raised its price target to $320, cited accelerating AI demand and lifted investor conviction in AMD’s upside. This fresh Wall Street upgrade is a key driver of today’s rally. Stifel Hikes AMD Target
• Positive Sentiment: AMD launched the Ryzen 9 9950X3D2 (Dual Edition), a premium CPU that boosts AMD’s positioning in high?end gaming and could support better ASPs and margins in PC and gaming channels. Product strength fuels sentiment around future revenue and margins. Ryzen 9950X3D2 Launch
• Positive Sentiment: Intel’s blowout Q1 and upbeat guidance lifted sentiment across the chip sector; AMD and Arm shares popped on the “coattail” effect as investors re?price AI/CPU demand expectations higher. Sector momentum is amplifying AMD’s move. AMD and Arm Pop After Intel
• Positive Sentiment: Analyst upgrades and institutional flows have been significant this week (multiple price?target raises and coverage notes), helping drive momentum into new all?time highs and pre?market jumps. AMD Stock Surges on Upgrades
• Neutral Sentiment: Macro headwinds (risk from the US?Iran conflict and higher oil prices) kept futures mixed; traders showed reluctance to extend broad markets too far into the weekend despite chip optimism. This may limit upside breadth. Dow Futures Tumble
• Negative Sentiment: IFM Investors’ 13F filing shows a large estimated decrease (~324k shares) in its AMD position for the March quarter, a potential sign of institutional trimming that could pressure the stock if others follow. Note 13F data lag and may not reflect current flows. IFM Investors 13F Update
• Negative Sentiment: AMD flagged potential sequential gross?margin pressure (Zacks warns of a ~200bp drop as one?time gains fade and seasonal weakness hits), which could temper longer?term margin expectations and set a higher bar for upcoming earnings. Margin Contraction Warning

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.