Macquarie Group Ltd. Sells 2,392,415 Shares of Advanced Micro Devices, Inc. $AMD

Macquarie Group Ltd. lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 88.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 325,223 shares of the semiconductor manufacturer’s stock after selling 2,392,415 shares during the period. Macquarie Group Ltd.’s holdings in Advanced Micro Devices were worth $69,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. United Capital Management of KS Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $303,000. Circle Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 9.8% in the 4th quarter. Circle Wealth Management LLC now owns 12,145 shares of the semiconductor manufacturer’s stock valued at $2,601,000 after acquiring an additional 1,087 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Advanced Micro Devices by 0.7% in the 4th quarter. Quadrant Capital Group LLC now owns 37,866 shares of the semiconductor manufacturer’s stock valued at $8,109,000 after acquiring an additional 263 shares during the last quarter. Castleark Management LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $22,432,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Advanced Micro Devices by 19.4% in the 4th quarter. Advisors Asset Management Inc. now owns 35,557 shares of the semiconductor manufacturer’s stock valued at $7,615,000 after acquiring an additional 5,788 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the transaction, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This represents a 4.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 company’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 value of $10,832,450.64. Following the transaction, the executive vice president owned 105,222 shares in the company, valued at $46,759,604.58. This trade represents a 18.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 372,032 shares of company stock worth $158,658,616. Company insiders own 0.50% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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 Stock Up 4.7%

AMD stock opened at $511.57 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $115.06 and a fifty-two week high of $546.44. The business’s 50 day moving average price is $386.41 and its two-hundred day moving average price is $274.18. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The company has a market capitalization of $834.17 billion, a price-to-earnings ratio of 167.73, a price-to-earnings-growth ratio of 1.44 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results 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. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The business’s revenue for the quarter was up 37.8% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays lowered Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research note on Friday. Sanford C. Bernstein assumed coverage on Advanced Micro Devices in a report on Friday. They set an “outperform” rating on the stock. Wells Fargo & Company boosted their price target on Advanced Micro Devices from $345.00 to $505.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Rosenblatt Securities boosted their price target on Advanced Micro Devices from $300.00 to $490.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Benchmark boosted their price target on Advanced Micro Devices from $325.00 to $485.00 and gave the company a “buy” rating in a 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 issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $424.59.

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.