Union Square Park Capital Management LLC Decreases Stock Position in Advanced Micro Devices, Inc. $AMD

Union Square Park Capital Management LLC reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the semiconductor manufacturer’s stock after selling 10,000 shares during the period. Advanced Micro Devices comprises approximately 1.0% of Union Square Park Capital Management LLC’s holdings, making the stock its 20th largest position. Union Square Park Capital Management LLC’s holdings in Advanced Micro Devices were worth $2,142,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AMD. Brighton Jones LLC raised its holdings in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after acquiring an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after acquiring an additional 2,970 shares during the last quarter. United Bank raised its holdings in Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock worth $1,881,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its holdings in Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock worth $1,310,000 after acquiring an additional 7,228 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the sale, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. The trade was a 2.47% decrease in their position. The sale 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, 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 transaction 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. 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. Over the last 90 days, insiders have sold 372,032 shares of company stock worth $158,658,616. Company insiders own 0.50% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD announced a definitive agreement with Rackspace Technology to deploy an initial 30 MW of AMD-based AI compute across Rackspace’s global data centers, reinforcing AMD’s growing role in enterprise AI infrastructure and giving investors another proof point for demand outside hyperscalers. AMD and Rackspace Technology Sign Definitive Agreement for Phased Deployment of 30 MW of AMD AI Compute
• Positive Sentiment: AMD also got a boost from its acquisition of MEXT, a memory-optimization startup aimed at easing AI memory bottlenecks, which investors view as a strategic move to improve performance in memory-heavy AI workloads. AMD buys data center memory optimization startup Mext
• Positive Sentiment: Wall Street remains constructive on AMD, with coverage highlighting upside to earnings estimates, strong AI chip roadmap execution, and AMD’s appearance on lists of favored growth stocks, supporting the stock’s broader rally. Wolfe Research sees substantial upside to AMD estimates
• Neutral Sentiment: Some investors are rotating into AMD as a high-growth AI name, with articles noting it as a top pick among growth investors and one of the standout performers in the AI boom. 5 Best Growth Stocks to Buy According to Billionaire Ray Dalio’s Bridgewater Associates
• Negative Sentiment: Recent trading also reflects pressure from large holders, including Ark Invest trimming AMD shares and reports of heavy insider selling, which can raise concerns about near-term valuation after the stock’s strong run. Cathie Wood Keeps Selling AMD: This Time Ark Dumps Another $12 Millions In Shares
• Negative Sentiment: Some coverage says AMD has been slipping alongside the broader market and that profit-taking may be weighing on shares after a sharp year-to-date advance. Advanced Micro Devices (AMD) Dips More Than Broader Market: What You Should Know

Advanced Micro Devices Trading Down 7.3%

NASDAQ:AMD opened at $507.29 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 12 month low of $125.77 and a 12 month high of $558.37. The company has a market cap of $827.19 billion, a PE ratio of 166.33, a price-to-earnings-growth ratio of 1.60 and a beta of 2.50. The company has a 50 day simple moving average of $398.80 and a two-hundred day simple moving average of $279.06.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s revenue was up 37.8% on a year-over-year basis. Research analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Analyst Ratings Changes

AMD has been the subject of a number of recent analyst reports. DA Davidson boosted their price objective 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. Citigroup lowered shares of Advanced Micro Devices from a “buy” rating to a “market perform” rating in a report on Friday. Wedbush boosted their price objective on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Morgan Stanley lifted their target price on shares of Advanced Micro Devices from $360.00 to $410.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Wolfe Research set a $450.00 target price on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $428.65.

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.