Cullen Frost Bankers Inc. Has $19.02 Million Stake in Advanced Micro Devices, Inc. $AMD

Cullen Frost Bankers Inc. increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 88,801 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,853 shares during the period. Cullen Frost Bankers Inc.’s holdings in Advanced Micro Devices were worth $19,018,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC grew its holdings in Advanced Micro Devices by 181.6% in the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after buying an additional 7,035,991 shares during the last quarter. Wellington Management Group LLP grew its holdings in Advanced Micro Devices by 335.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after buying an additional 3,735,807 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Advanced Micro Devices by 104.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,991,297 shares of the semiconductor manufacturer’s stock valued at $1,283,096,000 after buying an additional 3,059,935 shares during the last quarter. Vanguard Group Inc. grew its holdings in Advanced Micro Devices by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock valued at $33,949,256,000 after buying an additional 2,525,109 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in Advanced Micro Devices by 56.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer’s stock valued at $961,078,000 after buying an additional 2,430,533 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $414.05 on Wednesday. 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 stock’s fifty day simple moving average is $282.35 and its 200 day simple moving average is $242.59. Advanced Micro Devices, Inc. has a one year low of $107.67 and a one year high of $469.21. The firm has a market cap of $675.15 billion, a price-to-earnings ratio of 135.75, a P/E/G ratio of 1.25 and a beta of 2.40.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (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 firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Citi raised its AMD price target to $460, citing a much larger server CPU market opportunity tied to AI-driven demand, even though the firm kept a Neutral rating. AMD Price Target Vaults to $460 at Citi on $132 Billion CPU Forecast. So Why Neutral?
• Positive Sentiment: Several recent articles and analyst notes argue AMD is benefiting from strong AI infrastructure spending, rising enterprise CPU demand, and continued momentum in data-center chips. The $132 Billion Infrastructure Pivot You Might Have Missed
• Positive Sentiment: Wall Street commentary continues to favor AMD after its strong rally this year, with some pieces suggesting the stock could still have room to run toward $500 if AI chip demand and server CPU share gains persist. Should Investors Buy AMD Stock Instead of Nvidia?
• Neutral Sentiment: AMD is still being compared favorably with Nvidia, but some analysts say the valuation already reflects a lot of optimism, which may limit near-term upside. AMD: Priced Like A Leader, Operating In Nvidia’s Shadow
• Negative Sentiment: Some traders are warning that semiconductors have become a crowded trade, raising the risk of pullbacks if AI enthusiasm cools or money rotates out of chip stocks. Nvidia, AMD Bulls Beware — Wall Street’s Most Crowded Trade Just Flashed A Sell Warning
• Negative Sentiment: AMD also faced some short-term pressure from broader chip-sector weakness and investor caution after a strong multiweek run, which may be contributing to today’s softer trading. Nasdaq Finishes Lower. The Chip Stock Selloff Gathers Steam.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the transaction, the executive vice president directly owned 105,222 shares in the company, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 31,320 shares of the stock in a transaction on 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 transaction, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. This represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 309,598 shares of company stock worth $105,644,316 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMD has been the topic of a number of research analyst reports. Raymond James Financial initiated coverage on Advanced Micro Devices in a report on Wednesday, May 6th. They issued a “market perform” rating on the stock. Sanford C. Bernstein raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and raised their target price for the company from $265.00 to $525.00 in a report on Wednesday, May 6th. Citigroup raised their target price on Advanced Micro Devices from $358.00 to $460.00 and gave the company a “neutral” rating in a report on Monday. The Goldman Sachs Group raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and raised their target price for the company from $240.00 to $450.00 in a report on Wednesday, May 6th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $410.00.

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.