Advanced Micro Devices, Inc. $AMD Shares Purchased by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 617.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 12,138 shares of the semiconductor manufacturer’s stock after purchasing an additional 10,445 shares during the period. Kavar Capital Partners Group LLC’s holdings in Advanced Micro Devices were worth $2,469,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AMD. Norges Bank purchased a new position in Advanced Micro Devices in the 4th quarter valued at $4,929,312,000. Jennison Associates LLC grew its holdings in shares of Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after buying an additional 7,035,991 shares in the last quarter. Cardano Risk Management B.V. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $1,000,783,000. Wellington Management Group LLP raised its position in shares of Advanced Micro Devices by 335.9% in the third 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. Finally, Franklin Resources Inc. lifted its stake in shares of Advanced Micro Devices by 340.1% in the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock worth $1,016,796,000 after buying an additional 3,669,054 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 6,000 shares of Advanced Micro Devices stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the sale, the executive vice president owned 1,233,687 shares of the company’s stock, valued at approximately $661,663,348.71. This represents a 0.48% 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 378,032 shares of company stock worth $161,876,596 in the last 90 days. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $539.33 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $126.82 and a 52 week high of $558.37. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $879.43 billion, a P/E ratio of 176.83, a P/E/G ratio of 1.57 and a beta of 2.50. The stock’s fifty day moving average is $417.16 and its two-hundred day moving average is $285.22.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion for 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 company’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

More Advanced Micro Devices News

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

• Positive Sentiment: Bernstein raised its price target on AMD to $600, citing strong AI infrastructure demand and improving server-market conditions, reinforcing the bullish case for the stock. Why Is AMD Stock Gaining Thursday?
• Positive Sentiment: AMD and Rackspace signed a definitive agreement to deploy 30 MW of AMD-based AI compute across Rackspace’s data centers, a win that could expand AMD’s presence in regulated enterprise cloud workloads. Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom (AMD)
• Positive Sentiment: AMD’s acquisition of MEXT is being viewed as strategically important because it could help address AI data-center memory bottlenecks and strengthen the company’s AI stack. AMD (AMD) Buys MEXT To Tackle AI Data Center Memory Bottlenecks
• Neutral Sentiment: Several analyst and investor articles continue to highlight AMD’s strong year-to-date rally, but also warn that the stock is trading near all-time highs and may be fully valued, which could temper upside near term. Buy, Hold, or Sell: AMD Rested Near All-Time Highs as Kevin Warsh Opened His First Fed Meeting. Is AMD Stock a Buy at $507?
• Neutral Sentiment: Market commentary from today also points to AMD as a preferred semiconductor alternative versus Intel, but the note is more about sector positioning than a direct company-specific catalyst. Analyst Warns Intel Valuation ‘Doesn’t Make Sense.’ Suggests NVIDIA, AMD, Micron, and Broadcom as Alternatives.
• Negative Sentiment: Some recent coverage warns AMD has likely risen too far, too fast, which could invite profit-taking if investors become more cautious about valuation. One Warning Signal AMD Investors Can’t Miss

Analyst Ratings Changes

A number of equities analysts recently weighed in on AMD shares. Bank of America boosted their price target on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Cantor Fitzgerald raised their target price on shares of Advanced Micro Devices to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Erste Group Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. HSBC lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and upped their price target for the company from $335.00 to $340.00 in a research report on Monday, May 4th. Finally, Raymond James Financial initiated coverage on Advanced Micro Devices in a report on Wednesday, May 6th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.68.

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.