Myriad Asset Management Advisors LLC Makes New $1.89 Million Investment in Advanced Micro Devices, Inc. $AMD

Myriad Asset Management Advisors LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,813 shares of the semiconductor manufacturer’s stock, valued at approximately $1,887,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Advanced Micro Devices by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after acquiring an additional 2,525,109 shares in the last quarter. State Street Corp raised its position in Advanced Micro Devices by 2.4% in the third quarter. State Street Corp now owns 73,824,441 shares of the semiconductor manufacturer’s stock worth $11,944,056,000 after acquiring an additional 1,755,182 shares in the last quarter. Geode Capital Management LLC raised its position in Advanced Micro Devices by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock worth $8,015,897,000 after acquiring an additional 287,525 shares in the last quarter. Norges Bank purchased a new position in Advanced Micro Devices in the fourth quarter worth $4,929,312,000. Finally, Amundi raised its position in Advanced Micro Devices by 17.5% in the third quarter. Amundi now owns 13,486,227 shares of the semiconductor manufacturer’s stock worth $2,181,937,000 after acquiring an additional 2,012,865 shares in the last quarter. 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: AMD continues to benefit from strong AI infrastructure demand, with recent coverage highlighting record data center revenue and growing adoption of EPYC and Instinct products.
• Positive Sentiment: Wall Street remains broadly constructive on AMD, with multiple buy/overweight ratings and several price targets above current levels.
• Neutral Sentiment: TSMC’s strong monthly sales reinforced that demand for AI chips remains robust across the semiconductor supply chain.
• Negative Sentiment: AMD was hit by a sector-wide semiconductor selloff as investors pulled back from high-flying chip stocks.
• Negative Sentiment: AMD’s investment in TensorWave raised concerns about circular financing and added to recent caution around AI-related capital allocation.
• Negative Sentiment: Several market commentators and analysts warned that AMD’s sharp multi-month rally may be leaving the stock vulnerable to a valuation reset.

Advanced Micro Devices Stock Down 4.9%

AMD opened at $452.40 on Thursday. 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 firm has a market cap of $737.68 billion, a P/E ratio of 148.33, a PEG ratio of 1.40 and a beta of 2.50. Advanced Micro Devices, Inc. has a 52 week low of $115.06 and a 52 week high of $546.44. The business’s fifty day simple moving average is $374.69 and its 200 day simple moving average is $270.50.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction 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 sale, the executive vice president owned 324,527 shares of the company’s stock, valued at $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the sale, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 247,032 shares of company stock valued at $101,072,366. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research analyst reports. Erste Group Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Melius Research set a $540.00 price target on Advanced Micro Devices in a research report on Monday, May 18th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Raymond James Financial initiated coverage on Advanced Micro Devices in a research report on Wednesday, May 6th. They issued a “market perform” rating for the company. Finally, Cantor Fitzgerald raised their price target on Advanced Micro Devices to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $419.86.

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.