Cambridge Investment Research Advisors Inc. Has $88.75 Million Stock Position in Advanced Micro Devices, Inc. $AMD

Cambridge Investment Research Advisors Inc. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 414,391 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,480 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Advanced Micro Devices were worth $88,746,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. WealthPlan Investment Management LLC lifted its holdings in shares of Advanced Micro Devices by 338.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 6,157 shares of the semiconductor manufacturer’s stock worth $1,319,000 after buying an additional 4,753 shares in the last quarter. Dana Investment Advisors Inc. lifted its holdings in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Dana Investment Advisors Inc. now owns 4,533 shares of the semiconductor manufacturer’s stock worth $971,000 after buying an additional 99 shares in the last quarter. Hills Bank & Trust Co lifted its holdings in shares of Advanced Micro Devices by 3.0% during the fourth quarter. Hills Bank & Trust Co now owns 11,027 shares of the semiconductor manufacturer’s stock worth $2,362,000 after buying an additional 320 shares in the last quarter. Terra Alpha Investments LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $1,144,000. Finally, Financial Security Advisor Inc. lifted its holdings in shares of Advanced Micro Devices by 8.2% during the fourth quarter. Financial Security Advisor Inc. now owns 1,827 shares of the semiconductor manufacturer’s stock worth $391,000 after buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 5.7%

AMD stock opened at $424.10 on Friday. 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 cap of $691.54 billion, a PE ratio of 139.05, a price-to-earnings-growth ratio of 1.26 and a beta of 2.40. Advanced Micro Devices, Inc. has a 52 week low of $107.67 and a 52 week high of $469.21. The business has a 50-day simple moving average of $273.49 and a 200 day simple moving average of $240.52.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 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 the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research reports. TD Cowen lifted their target price on Advanced Micro Devices from $290.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Sanford C. Bernstein raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $265.00 to $525.00 in a research note on Wednesday, May 6th. Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Finally, KeyCorp boosted their price target on Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $396.95.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the completion of the transaction, the chief executive officer owned 3,021,899 shares of the company’s stock, valued at approximately $1,346,286,223.49. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 dated 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 transaction, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. The trade was a 2.47% decrease in their position. 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 90 days, insiders sold 309,598 shares of company stock valued at $105,644,316. 0.50% of the stock is currently owned by corporate insiders.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Q1 earnings and revenue both topped expectations, with data center sales up sharply on strong demand for EPYC CPUs and Instinct GPUs.
• Positive Sentiment: Several analysts raised price targets after the earnings report, citing AMD’s accelerating AI and data center growth.
• Positive Sentiment: AMD expanded FSR 4.1 support to older GPUs and introduced new Ryzen PRO 9000 offerings, reinforcing product momentum in client and gaming.

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.