Advanced Micro Devices, Inc. $AMD Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 44.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,200 shares of the semiconductor manufacturer’s stock after selling 6,510 shares during the period. Easterly Investment Partners LLC’s holdings in Advanced Micro Devices were worth $1,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Joseph Group Capital Management acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $25,000. Koesten Hirschmann & Crabtree INC. increased its position in Advanced Micro Devices by 61.0% during the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 61 shares during the period. Basepoint Wealth LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $30,000. Aviso Financial Inc. increased its position in Advanced Micro Devices by 400.0% during the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 160 shares during the period. Finally, Delos Wealth Advisors LLC increased its position in Advanced Micro Devices by 100.0% during the third quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Paul Darren Grasby sold 24,376 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value 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 approximately $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the sale, the executive vice president owned 324,527 shares of the company’s stock, valued at $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 329,085 shares of company stock valued at $114,051,007. 0.50% of the stock is owned by company insiders.

More Advanced Micro Devices News

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

• Positive Sentiment: Mizuho raised its price target on AMD to $615 and kept an outperform rating, signaling continued analyst confidence in the stock’s upside.
• Positive Sentiment: AMD extended AM5 platform support through 2029 and introduced new Ryzen X3D gaming chips, which may help sustain demand in its PC lineup. What’s Going On With AMD Stock Monday?
• Positive Sentiment: AMD joined DriveNets as an investor in the networking software firm’s $410 million funding round, highlighting AMD’s exposure to surging demand for AI infrastructure. DriveNets secures $410 million in latest funding round, AMD joins as investor
• Neutral Sentiment: AMD’s Taiwan AI commitment and Venice EPYC production ramp reinforce its long-term AI/data-center growth strategy, but these are more about execution than an immediate stock catalyst.
• Negative Sentiment: Nvidia’s launch of the RTX Spark PC chip is seen as a direct challenge to AMD’s core PC processor business, and investors are weighing the risk of tougher competition in AI PCs. Nvidia Just Derailed the Chip Rally. Intel, AMD Are Falling Sharply.
• Negative Sentiment: New U.S. export guidance tightening chip shipments to Chinese entities overseas could limit some AI chip sales opportunities, including for AMD’s MI350x. Nvidia and AMD face new export limits on China subsidiaries

Advanced Micro Devices Stock Down 1.2%

AMD opened at $510.13 on Tuesday. The business’s fifty day moving average is $333.88 and its two-hundred day moving average is $257.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The company has a market cap of $831.82 billion, a price-to-earnings ratio of 167.26, a PEG ratio of 1.52 and a beta of 2.40. Advanced Micro Devices, Inc. has a one year low of $111.01 and a one year high of $527.20.

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 return on equity of 9.55% and a net margin of 13.37%.The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the previous year, the business earned $0.96 earnings per share. Advanced Micro Devices’s quarterly revenue was up 37.8% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMD shares. Morgan Stanley lifted their price target on 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. Citigroup lifted their price target on Advanced Micro Devices from $358.00 to $460.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Royal Bank Of Canada boosted their target price on Advanced Micro Devices from $325.00 to $400.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Barclays boosted their target price on Advanced Micro Devices from $500.00 to $665.00 and gave the company an “overweight” rating in a report on Monday. Finally, Susquehanna boosted their target price on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a report on Wednesday, May 6th. Two 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $419.86.

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.