Bleakley Financial Group LLC Purchases 2,643 Shares of Advanced Micro Devices, Inc. $AMD

Bleakley Financial Group LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 38,936 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,643 shares during the quarter. Bleakley Financial Group LLC’s holdings in Advanced Micro Devices were worth $7,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Joseph Group Capital Management bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $25,000. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices in the 4th quarter valued at about $27,000. Cornerstone Financial Management LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $27,000. Basepoint Wealth LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $30,000. Finally, Wilkerson Advisory Group LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $33,000. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the transaction, the executive vice president directly owned 105,222 shares of the company’s stock, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 368,739 shares of company stock valued at $159,602,431 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $548.13 on Wednesday. The company has a market capitalization of $893.78 billion, a price-to-earnings ratio of 179.72, a PEG ratio of 1.57 and a beta of 2.47. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $499.06 and a 200 day moving average of $324.25. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s revenue was up 37.8% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.18 earnings per share for the current year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Several analysts raised price targets on AMD, including Bank of America to $620 and KeyBanc to $725, reinforcing the view that the stock still has meaningful upside tied to its AI and server businesses. Benzinga report on Bank of America target hike
• Positive Sentiment: Investors are also reacting to expectations that AMD could deliver a beat-and-raise quarter, with Bank of America citing surging demand for EPYC CPUs and AI accelerators. Barchart article on AMD beat-and-raise expectations
• Positive Sentiment: Broader semiconductor shares rebounded after Monday’s selloff as war and supply-chain fears eased, lifting AMD along with peers like Nvidia and Intel. Yahoo Finance article on chip rebound
• Positive Sentiment: Reports that AMD is following Nvidia’s playbook in AI infrastructure, plus news of its AI Developer Program and other AI ecosystem activity, added to optimism that AMD is strengthening its long-term competitive position in AI. Barchart article on AMD following Nvidia’s playbook
• Neutral Sentiment: AMD also benefited from a positive shift in China’s AI chips outlook, which helped improve the tone across the semiconductor sector. TipRanks article on China AI chips scenario
• Negative Sentiment: Some reports still point to near-term volatility, including recent selling pressure from macro and geopolitical worries, even as the stock has since bounced. Benzinga article on AMD drop from supply-chain fears

Analyst Ratings Changes

Several brokerages have recently commented on AMD. William Blair assumed coverage on Advanced Micro Devices in a research note on Thursday, July 9th. They issued a “market perform” rating for the company. Citigroup cut Advanced Micro Devices from a “buy” rating to a “market perform” rating in a research report on Friday, June 12th. Melius Research set a $540.00 price target on Advanced Micro Devices in a report on Monday, May 18th. The Goldman Sachs Group increased their price target on Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, Mizuho raised their price objective on Advanced Micro Devices from $515.00 to $615.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $467.84.

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.