Ruggiero Investments Inc. Purchases Shares of 1,166 Advanced Micro Devices, Inc. $AMD

Ruggiero Investments Inc. acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,166 shares of the semiconductor manufacturer’s stock, valued at approximately $250,000.

Other large investors also recently made changes to their positions in the company. Impax Asset Management Group plc raised its stake in Advanced Micro Devices by 326.5% in 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 period. Jefferies Financial Group Inc. boosted its stake in shares of Advanced Micro Devices by 6,228.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock worth $65,966,000 after acquiring an additional 303,154 shares during the period. Williamson Legacy Group LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $1,118,000. Thoroughbred Financial Services LLC raised its stake in Advanced Micro Devices by 8.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 32,827 shares of the semiconductor manufacturer’s stock valued at $7,030,000 after acquiring an additional 2,654 shares during the period. Finally, Zweig DiMenna Associates LLC lifted its holdings in Advanced Micro Devices by 127.6% during the 3rd 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 last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $488.45 on Friday. The firm has a 50-day moving average price of $380.39 and a two-hundred day moving average price of $272.51. Advanced Micro Devices, Inc. has a 12-month low of $115.06 and a 12-month high of $546.44. The company has a market capitalization of $796.47 billion, a P/E ratio of 160.15, a P/E/G ratio of 1.33 and a beta of 2.50. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. During the same period last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 37.8% on a year-over-year basis. Analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 24,376 shares of Advanced Micro Devices stock in a transaction on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the transaction, the executive vice president directly owned 105,222 shares of the company’s stock, valued at $46,759,604.58. The trade was a 18.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the sale, the executive vice president owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. The trade was 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. Over the last 90 days, insiders have sold 247,032 shares of company stock worth $101,072,366. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on AMD. Melius Research set a $540.00 price objective on shares of Advanced Micro Devices in a report on Monday, May 18th. Raymond James Financial assumed coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They set a “market perform” rating for the company. Weiss Ratings upgraded shares of Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Finally, Sanford C. Bernstein upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $265.00 to $525.00 in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $421.49.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Bank of America raised its price target on AMD to $560 and kept a Buy rating, calling AMD a top CPU pick as it highlighted rising demand tied to agentic AI and server CPUs. This was one of the main catalysts behind the stock’s strength. Article Title
• Positive Sentiment: Multiple reports said AMD is benefiting from a broader semiconductor rally, with investors rotating back into chip names after Bank of America’s $170 billion agentic AI opportunity call boosted sentiment across the sector. Article Title
• Positive Sentiment: Analysts and writers continued to argue that AMD’s AI and data-center growth story is still underappreciated, with several pieces pointing to stronger CPU/GPU demand, embedded/robotics opportunities, and upside to earnings estimates. Article Title
• Positive Sentiment: One report said an analyst lifted estimates for a crucial chip-market segment, helping AMD stock “crush it” on Thursday and reinforcing expectations for stronger demand ahead. Article Title
• Neutral Sentiment: Several articles revisited AMD’s big six-month run and argued the stock is no longer cheap, suggesting investors are debating whether the AI growth outlook still justifies the premium valuation. Article Title
• Negative Sentiment: Some coverage flagged valuation risk and a “flashy red light” around AMD’s rapid rise, with bearish takes warning that the stock could be vulnerable if AI enthusiasm cools or earnings fail to keep pace. Article Title
• Negative Sentiment: Retail investors were reportedly selling some AI winners, including AMD, to raise cash for the SpaceX IPO, adding near-term pressure to semiconductor names. Article Title

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.