Advanced Micro Devices, Inc. $AMD Stock Position Boosted by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,735 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,003 shares during the quarter. Advanced Micro Devices comprises about 2.9% of Noesis Capital Mangement Corp’s portfolio, making the stock its 10th biggest position. Noesis Capital Mangement Corp’s holdings in Advanced Micro Devices were worth $19,679,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMD shares. KeyCorp raised their price objective on shares of Advanced Micro Devices from $530.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company boosted their price target on shares of Advanced Micro Devices from $505.00 to $615.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada increased their price objective on Advanced Micro Devices from $325.00 to $400.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group boosted their price target on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Finally, Barclays downgraded Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $468.65.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the business’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 sale, the chief executive officer directly owned 2,896,899 shares in the company, valued at $1,334,572,400.31. The trade was a 4.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. 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. Insiders have sold a total of 341,630 shares of company stock worth $152,147,456 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 3.5%

AMD stock opened at $529.14 on Thursday. The company has a market capitalization of $862.82 billion, a P/E ratio of 173.49, a PEG ratio of 1.61 and a beta of 2.47. The firm has a 50 day simple moving average of $501.23 and a 200-day simple moving average of $326.46. 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 twelve month low of $149.22 and a twelve month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share 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 company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The firm’s revenue was up 37.8% compared to the same quarter last year. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.18 earnings per share for the current fiscal year.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: UBS raised its price target on AMD to $700 and other firms also lifted targets, reinforcing confidence in AMD’s AI accelerators and server CPU growth. “Three Major AI Customers”: 5-Star Analyst Raises AMD Stock Price Target to $700
• Positive Sentiment: Rosenblatt and other analysts turned increasingly bullish ahead of AMD’s upcoming earnings, with some calling it a top pick on expectations for a beat-and-raise quarter. Rosenblatt Raises AMD Stock Price Target Ahead of Q2 Earnings, Calls It a ‘Top Pick’
• Positive Sentiment: Bank of America said AMD could benefit from surging AI server demand and may be entering a stronger phase of its AI infrastructure story, including potential rack-level competition with Nvidia. AMD’s MI450 Could Finally Challenge Nvidia at the Rack Level
• Neutral Sentiment: Commentary pieces highlighted AMD as a strong AI contender and compared it with Nvidia and Broadcom, keeping investor attention focused on its growth potential rather than near-term fundamentals. Advanced Micro Devices: A Strong Contender in the Tech Arena
• Negative Sentiment: AMD is being dragged lower by a broader chip-sector pullback tied to Micron weakness and renewed talk that semiconductors are a crowded trade. Micron Drops 8% on China Competition Fears, Dragging Intel, AMD, and Marvell

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.