Platinum Investment Management Ltd. Purchases Shares of 7,210 Advanced Micro Devices, Inc. $AMD

Platinum Investment Management Ltd. purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, HoldingsChannel reports. The fund purchased 7,210 shares of the semiconductor manufacturer’s stock, valued at approximately $1,544,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banco Santander S.A. increased its position in shares of Advanced Micro Devices by 32.1% during the 4th quarter. Banco Santander S.A. now owns 217,834 shares of the semiconductor manufacturer’s stock valued at $46,651,000 after purchasing an additional 52,963 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $100,834,000. Sumitomo Life Insurance Co. increased its position in shares of Advanced Micro Devices by 0.9% during the 4th quarter. Sumitomo Life Insurance Co. now owns 17,393 shares of the semiconductor manufacturer’s stock valued at $3,725,000 after purchasing an additional 151 shares during the last quarter. Kane Investment Management Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $469,000. Finally, Integrity Investment Advisors LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $216,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Citi upgraded AMD and argued that the market is underpricing its AI GPU upside, boosting confidence in the stock’s AI-driven growth path.
• Positive Sentiment: Bank of America also raised its outlook on AMD, calling it a top CPU pick and pointing to a large agentic AI opportunity across servers and accelerators.
• Positive Sentiment: Multiple reports highlighted rising GPU market-share data and stronger investor focus on AMD’s expanding role in AI hardware, helping semiconductor stocks rally broadly.

Advanced Micro Devices Price Performance

AMD opened at $511.57 on Friday. The stock’s 50 day simple moving average is $386.41 and its 200 day simple moving average is $274.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a 1 year low of $115.06 and a 1 year high of $546.44. The firm has a market cap of $834.17 billion, a price-to-earnings ratio of 167.73, a PEG ratio of 1.44 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last posted 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. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business had revenue of $10.25 billion for 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 revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, analysts predict that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the transaction, the executive vice president directly owned 105,222 shares in the company, valued at $46,759,604.58. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the transaction, the director owned 87,173 shares in the company, valued at approximately $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 372,032 shares of company stock worth $158,658,616 over the last quarter. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Cantor Fitzgerald increased their price objective on Advanced Micro Devices to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Stifel Nicolaus increased 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, May 6th. Needham & Company LLC upgraded Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Finally, Truist Financial set a $478.00 price objective on Advanced Micro Devices in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $424.59.

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.