Heartland Bank & Trust Co Lowers Stake in Advanced Micro Devices, Inc. $AMD

Heartland Bank & Trust Co lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,268 shares of the semiconductor manufacturer’s stock after selling 3,813 shares during the period. Advanced Micro Devices accounts for 1.0% of Heartland Bank & Trust Co’s portfolio, making the stock its 19th largest position. Heartland Bank & Trust Co’s holdings in Advanced Micro Devices were worth $2,413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Jennison Associates LLC raised its position in Advanced Micro Devices by 181.6% in the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after purchasing an additional 7,035,991 shares during the period. Wellington Management Group LLP raised its position in Advanced Micro Devices by 335.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock worth $784,330,000 after purchasing an additional 3,735,807 shares during the period. Assenagon Asset Management S.A. raised its position in Advanced Micro Devices by 104.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,991,297 shares of the semiconductor manufacturer’s stock worth $1,283,096,000 after purchasing an additional 3,059,935 shares during the period. Nordea Investment Management AB raised its position in Advanced Micro Devices by 203.7% in the 3rd quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer’s stock worth $631,892,000 after purchasing an additional 2,619,294 shares during the period. Finally, Vanguard Group Inc. raised its position in Advanced Micro Devices by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after purchasing an additional 2,525,109 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Major customer and partner traction in AI/data center deployments supports revenue growth prospects — Zyphra announced Zyphra Cloud powered by AMD Instinct MI355X GPUs, which validates demand for AMD accelerators. Zyphra and AMD Partner to Power Zyphra Cloud on AMD Instinct™ MI355X GPUs
• Positive Sentiment: Expanded commercial footprint with data-center customers — reports show AMD doubled a data-center deal in the Denver area, signaling more capacity commitments that could lift Data Center revenue if supply keeps pace. AMD doubles data center footprint in deal with Denver-area company
• Positive Sentiment: Analysts and previews expect strong Data Center results driven by EPYC/Instinct demand — previews highlight the potential for Q1 upside from AI-driven server and GPU sales. Can Strong Data Center Revenues Boost AMD’s Topline in Q1 Earnings?
• Neutral Sentiment: Big earnings event and macro calendar — AMD reports Q1 after the close tomorrow; broad market and Fed speakers mean higher event-driven volatility and options-implied moves are pricing that in. AMD and Pfizer earnings, job openings, Fedspeak: What to Watch
• Neutral Sentiment: Options/volatility and investor positioning are elevated — traders are pricing a large post-earnings move, making short-term swings likely regardless of results. AMD Stock Options Traders Are Pricing In a Whopping $55B Price Swing after Earnings
• Negative Sentiment: Analyst downgrade and valuation concerns pressured the stock — HSBC cut AMD to Hold citing limited upside after a big rally, prompting selling into the earnings run-up. AMD stock slips as HSBC downgrade flags valuation concerns ahead of earnings
• Negative Sentiment: Supply-chain and production limits are a near-term cap on upside — in-depth coverage warns CoWoS packaging bottlenecks and high multiples increase downside risk if AMD can’t quickly scale shipments. The Great Chip Divide: AI Chip War Pivots from Hype to Execution (MarketBeat overview)
• Negative Sentiment: Notable insider/investor selling adds selling pressure — high-profile trims (including institutional moves and reported sales by some investors) feed concerns about near-term profit-taking. Cathie Wood Sheds Over $70M in AMD Stock, While Wall Street Remains Divided Ahead of Q1 Results

Analyst Ratings Changes

A number of brokerages recently commented on AMD. Rosenblatt Securities reiterated a “buy” rating and issued a $300.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. Wall Street Zen upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. Morgan Stanley decreased their target price on shares of Advanced Micro Devices from $260.00 to $255.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Evercore reiterated an “outperform” rating and issued a $358.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. Finally, Stifel Nicolaus lifted their target price on shares of Advanced Micro Devices from $280.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $303.84.

Advanced Micro Devices Price Performance

AMD stock opened at $341.54 on Tuesday. The firm’s 50-day moving average price is $232.51 and its two-hundred day moving average price is $228.39. Advanced Micro Devices, Inc. has a 12-month low of $96.88 and a 12-month high of $362.79. The stock has a market capitalization of $556.83 billion, a price-to-earnings ratio of 128.88, a PEG ratio of 1.30 and a beta of 2.40. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm had revenue of $10.27 billion for the quarter, compared to analysts’ expectations of $9.65 billion. During the same quarter in the previous year, the company earned $1.09 earnings per share. The company’s revenue for the quarter was up 34.1% compared to the same quarter last year. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 5.82 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total value of $4,216,954.50. Following the transaction, the executive vice president owned 289,098 shares in the company, valued at approximately $62,679,337.38. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $214.36, for a total transaction of $26,795,000.00. Following the completion of the transaction, the chief executive officer owned 3,152,476 shares in the company, valued at $675,764,755.36. The trade was a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 304,672 shares of company stock worth $70,135,070 over the last ninety days. 0.50% of the stock is owned by insiders.

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.