Cache Advisors LLC Purchases 2,992 Shares of Advanced Micro Devices, Inc. $AMD

Cache Advisors LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 75.0% during the 1st quarter, HoldingsChannel reports. The fund owned 6,980 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,992 shares during the period. Cache Advisors LLC’s holdings in Advanced Micro Devices were worth $1,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Joseph Group Capital Management bought a new position in Advanced Micro Devices in the fourth quarter valued at about $25,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $27,000. Cornerstone Financial Management LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Aviso Financial Inc. increased its stake in shares of Advanced Micro Devices by 400.0% in the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after buying an additional 160 shares during the period. Institutional investors own 71.34% of the company’s stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD continues to get bullish attention for its AI and data-center growth, with recent coverage citing expanding AI server CPU demand, rising EPYC adoption, and a larger long-term server CPU market opportunity. Why AMD’s AI Position Is Expanding
• Positive Sentiment: AMD’s MEXT acquisition is being viewed as an AI infrastructure and memory-strategy boost that could support higher revenue and deeper product differentiation. How AMD’s MEXT Deal Expands Its Memory Strategy Beyond GPUs and Data-Center CPUs
• Positive Sentiment: Several articles point to strong analyst support and high price targets for AMD, suggesting Wall Street still sees upside despite the recent run-up. Over 40 Analysts Rate AMD a Buy, Here’s Why We Agree
• Positive Sentiment: New product and ecosystem news, including a mini PC powered by AMD Ryzen AI 9 HX 470 and expanded FSR GPU support, highlights ongoing demand for AMD-based hardware. Next-Gen AI Powerhouse: Reatan Announces Global Launch of Reatan X8 Mini PC Powered by AMD Ryzen AI 9 HX 470 Processor
• Neutral Sentiment: Commentary around AMD’s recent rally and momentum is mixed, with some investors urging caution and others arguing the stock could still move higher if AI growth stays intact. AMDY: Take Profits Once We See AMD Momentum Shift
• Negative Sentiment: AMD is being hit by a broader chip-sector downgrade as tech and AI stocks fall on hawkish Fed expectations and profit-taking, dragging the shares lower alongside peers like Nvidia and Micron. Nvidia, AMD, and Micron Slide as Global AI Stock Sell-Off Hits Chip Sector
• Negative Sentiment: Several reports also point to profit-taking after AMD’s strong run, with traders locking in gains while waiting for the next catalyst. AMD falls as investors appear to take profits amid lingering chip-sector caution
• Negative Sentiment: Recent insider selling has also been noted, which may be adding some caution around the stock’s near-term valuation. Sell alert? AMD insiders dumped $60 million worth of stock since June started

Insider Buying and Selling at Advanced Micro Devices

In related news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the transaction, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. The trade was a 4.14% decrease in their position. 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 have sold 378,032 shares of company stock valued at $161,876,596 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Advanced Micro Devices from $360.00 to $410.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Northland Securities reissued a “market perform” rating and set a $260.00 target price on shares of Advanced Micro Devices in a report on Monday, April 27th. Evercore restated an “outperform” rating and issued a $579.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, May 19th. Susquehanna raised their price target on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research note on Wednesday, May 6th. Finally, Mizuho raised their price target on shares of 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 research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $430.68.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $519.85 on Wednesday. The company has a market capitalization of $847.67 billion, a PE ratio of 170.44, a P/E/G ratio of 1.63 and a beta of 2.50. The company has a 50 day simple moving average of $428.95 and a two-hundred day simple moving average of $290.18. 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 fifty-two week low of $132.93 and a fifty-two week high of $562.99.

Advanced Micro Devices (NASDAQ:AMD) last released 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. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company’s revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current year.

Advanced Micro Devices 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.