Rakuten Investment Management Inc. Acquires 37,059 Shares of Advanced Micro Devices, Inc. $AMD

Rakuten Investment Management Inc. lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 348,137 shares of the semiconductor manufacturer’s stock after acquiring an additional 37,059 shares during the period. Advanced Micro Devices accounts for approximately 0.3% of Rakuten Investment Management Inc.’s holdings, making the stock its 21st biggest holding. Rakuten Investment Management Inc.’s holdings in Advanced Micro Devices were worth $75,062,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Beacon Financial Advisory LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $267,000. Abound Financial LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $74,000. L2 Asset Management LLC lifted its holdings in shares of Advanced Micro Devices by 10.3% in the 4th quarter. L2 Asset Management LLC now owns 8,368 shares of the semiconductor manufacturer’s stock valued at $1,792,000 after acquiring an additional 780 shares during the last quarter. 71 West Capital Partners bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $1,467,000. Finally, Alberta Investment Management Corp bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $974,000. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AMD. The Goldman Sachs Group raised shares of Advanced Micro Devices from a “buy” rating to a “buy” rating in a report on Friday. TD Cowen increased their price objective on shares of Advanced Micro Devices from $500.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Zacks Research lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Needham & Company LLC raised shares of Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus increased their price objective on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $428.65.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD and Rackspace Technology signed a definitive agreement for a phased deployment of 30 MW of AMD AI compute across Rackspace data centers, reinforcing demand for AMD’s AI hardware in enterprise infrastructure. Article Title
• Positive Sentiment: AMD’s reported acquisition of MEXT is being viewed as a strategic move to tackle one of AI’s biggest bottlenecks—memory performance—supporting the company’s longer-term AI competitiveness. Article Title
• Positive Sentiment: Several analysts remain constructive on AMD, citing AI-driven growth, stronger CPU demand, and potential upside to consensus estimates, which is helping fuel bullish sentiment around the stock. Article Title
• Positive Sentiment: Broader AI and semiconductor enthusiasm is also lifting AMD, with articles highlighting the company as a core beneficiary of durable AI demand rather than just short-term momentum. Article Title

Insider Buying and Selling at Advanced Micro Devices

In other news, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 372,032 shares of company stock valued at $158,658,616. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $547.26 on Tuesday. 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 $117.78 and a 1-year high of $558.37. The firm has a market capitalization of $892.36 billion, a P/E ratio of 179.43, a price-to-earnings-growth ratio of 1.50 and a beta of 2.50. The company’s 50-day moving average is $393.01 and its 200 day moving average is $277.00.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $10.25 billion for 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 firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. Research analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

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.