Diversify Wealth Management LLC Sells 4,394 Shares of Advanced Micro Devices, Inc. $AMD

Diversify Wealth Management LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,263 shares of the semiconductor manufacturer’s stock after selling 4,394 shares during the period. Diversify Wealth Management LLC’s holdings in Advanced Micro Devices were worth $6,687,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Impax Asset Management Group plc boosted its stake in Advanced Micro Devices by 326.5% during the third quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer’s stock valued at $8,424,000 after buying an additional 39,861 shares during the last quarter. Zweig DiMenna Associates LLC raised its position in Advanced Micro Devices by 127.6% during the third quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer’s stock valued at $11,746,000 after purchasing an additional 40,708 shares during the period. Wedbush Securities Inc. raised its position in Advanced Micro Devices by 7.8% during the third quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer’s stock valued at $13,632,000 after purchasing an additional 6,095 shares during the period. Highline Wealth Partners LLC raised its position in Advanced Micro Devices by 4,891.6% during the fourth quarter. Highline Wealth Partners LLC now owns 8,286 shares of the semiconductor manufacturer’s stock valued at $1,775,000 after purchasing an additional 8,120 shares during the period. Finally, William Blair Investment Management LLC raised its position in Advanced Micro Devices by 72.5% during the third quarter. William Blair Investment Management LLC now owns 1,047,200 shares of the semiconductor manufacturer’s stock valued at $169,426,000 after purchasing an additional 440,296 shares during the period. Institutional investors own 71.34% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Blowout Q1 and bullish guidance — AMD reported a strong quarter with big data?center (AI) revenue and raised near?term guidance, which triggered the recent rally as investors re-rate AMD as a core AI infrastructure play. AMD Soars 14%: Q1 Crusher, Q2 Guide Lift, Goldman $450 Price Target Ignite AI Frenzy
• Positive Sentiment: Wall Street upgrades and higher price targets — Multiple firms quickly raised ratings and targets after the print (Goldman, Bernstein, TD Cowen, Susquehanna, Wells Fargo, Rosenblatt, etc.), boosting momentum and derivative flows. Wall Street Just Piled Into AMD: Eight Firms Hike Price Targets After Q1 Earnings Crusher
• Positive Sentiment: Supply wins for AI production — Reports highlight TSMC capacity wins and AMD saying it has secured critical memory supply, easing a key bottleneck for server CPU/GPU shipments. That supports the revenue outlook for AI servers. AMD (AMD) Stock Surges on TSMC Capacity Win and Strong Earnings
• Neutral Sentiment: Corporate calendar note — AMD set its annual shareholder meeting for May 13; management may discuss forward?looking items that could add short?term color but aren’t a market catalyst by themselves. AMD to Host Annual Meeting of Stockholders
• Neutral Sentiment: Sector supply risks flagged — Analysts and reporters caution a broader components/memory shortage in AI supply chains that could temper growth or shift timing even if demand remains strong. Tech Stocks Face a New AI Hurdle: A Widespread Components Shortage
• Negative Sentiment: Profit?taking and valuation concerns — After the rapid run to all?time highs, some strategists and commentators warn the stock is richly valued and investors are taking profits; that selling pressure can drive intraday weakness. AMD Has Flipped Nvidia: Time To Sell (Rating Downgrade)
• Negative Sentiment: Large sellers and position shifts — High?profile managers (ARK/Cathie Wood) reduced AMD exposure and there’s visible insider selling; institutional rotation and some fund selling after gains can accentuate pullbacks. Cathie Wood Sells AMD Again — ARK Trade

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Seaport Research Partners upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price objective on the stock in a research report on Wednesday. UBS Group set a $310.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 4th. Stifel Nicolaus upped their price objective on Advanced Micro Devices from $320.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday. DA Davidson upped their price objective on Advanced Micro Devices from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, KeyCorp upped their price objective on Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.84.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 85,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total transaction of $16,895,450.00. Following the completion of the sale, the chief executive officer directly owned 3,146,006 shares of the company’s stock, valued at approximately $625,331,612.62. This trade represents a 2.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $432,612,950. This represents a 2.47% 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 a total of 304,672 shares of company stock valued at $70,135,070 over the last quarter. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $408.46 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $101.56 and a 52-week high of $430.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.72. The firm has a market capitalization of $665.93 billion, a P/E ratio of 133.92, a P/E/G ratio of 1.48 and a beta of 2.40. The stock has a 50 day moving average price of $243.98 and a 200 day moving average price of $231.76.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (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 firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same period last year, the company earned $0.96 EPS. Advanced Micro Devices’s quarterly revenue was up 37.8% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 5.97 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.