Advanced Micro Devices, Inc. $AMD Shares Acquired by Gunderson Capital Management LLC

Gunderson Capital Management LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,941 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,497 shares during the quarter. Advanced Micro Devices makes up 3.7% of Gunderson Capital Management LLC’s portfolio, making the stock its 8th largest holding. Gunderson Capital Management LLC’s holdings in Advanced Micro Devices were worth $8,939,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Jefferies Financial Group Inc. raised its holdings in shares of Advanced Micro Devices by 6,228.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock worth $65,966,000 after buying an additional 303,154 shares in the last quarter. Williamson Legacy Group LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $1,118,000. Thoroughbred Financial Services LLC boosted its stake in Advanced Micro Devices by 8.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 32,827 shares of the semiconductor manufacturer’s stock valued at $7,030,000 after buying an additional 2,654 shares in the last quarter. Valtinson Bruner Financial Planning LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at $1,523,000. Finally, Weaver Consulting Group bought a new stake in Advanced Micro Devices in the fourth quarter valued at $246,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Wall Street sentiment remains upbeat, with multiple analysts raising AMD price targets in June, including a street-high call from UBS, as firms increasingly view AMD as a bigger player in AI infrastructure and data center CPUs.
• Positive Sentiment: AMD continues to gain credibility in enterprise AI, including recognition from Gartner as a leading server CPU company, which supports the long-term growth case for its data center business. Article Title
• Positive Sentiment: New business wins are also helping sentiment, including a definitive agreement with Rackspace Technology to deploy AMD-based infrastructure, reinforcing demand for AMD chips in cloud and enterprise workloads. Article Title
• Positive Sentiment: Several recent articles argue AMD still has meaningful upside as investors focus on its CPU and AI data center growth, with some bullish commentary suggesting the market may still be underappreciating its long-term earnings power.
• Neutral Sentiment: One recent piece highlighted both the positives and a caution on AMD, noting the stock’s huge six-month run and suggesting investors should stay aware of valuation risk after such a strong rally.
• Negative Sentiment: The semiconductor group has also been under pressure today, with AI chip names, including AMD, softening as momentum in the sector cools and investors rotate out of the space. Article Title
• Negative Sentiment: Bearish/neutral valuation commentary has also picked up, with some coverage questioning whether AMD’s rapid stock gains have already priced in a lot of future growth, which can weigh on the shares in the short term.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMD. Loop Capital raised Advanced Micro Devices to a “strong-buy” rating in a report on Tuesday, June 16th. Zacks Research cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Weiss Ratings raised shares of Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” 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 research report on Friday, June 12th. Finally, Sanford C. Bernstein set a $600.00 price objective on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $440.41.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the transaction, the director owned 87,173 shares of the company’s stock, valued at $45,504,306. This trade represents a 9.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 378,032 shares of company stock valued at $161,876,596. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $521.58 on Friday. The business has a fifty day moving average of $445.21 and a 200-day moving average of $296.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. Advanced Micro Devices, Inc. has a twelve month low of $133.50 and a twelve month high of $562.99. The firm has a market cap of $850.49 billion, a PE ratio of 171.01, a price-to-earnings-growth ratio of 1.54 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results 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 net margin of 13.37% and a return on equity of 9.55%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

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.