Advanced Micro Devices, Inc. $AMD Stock Holdings Lessened by iA Global Asset Management Inc.

iA Global Asset Management Inc. reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 195,701 shares of the semiconductor manufacturer’s stock after selling 6,711 shares during the quarter. iA Global Asset Management Inc.’s holdings in Advanced Micro Devices were worth $39,811,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Wealth Advisors LLC lifted its position in Advanced Micro Devices by 16.8% in the 1st quarter. Eagle Wealth Advisors LLC now owns 6,510 shares of the semiconductor manufacturer’s stock worth $1,324,000 after buying an additional 934 shares in the last quarter. Shikiar Asset Management Inc. boosted its stake in shares of Advanced Micro Devices by 21.8% during the 1st quarter. Shikiar Asset Management Inc. now owns 26,946 shares of the semiconductor manufacturer’s stock valued at $5,482,000 after buying an additional 4,830 shares during the period. Kohmann Bosshard Financial Services LLC grew its holdings in shares of Advanced Micro Devices by 23.2% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 351 shares of the semiconductor manufacturer’s stock valued at $71,000 after acquiring an additional 66 shares in the last quarter. Premier Path Wealth Partners LLC grew its holdings in shares of Advanced Micro Devices by 15.7% during the 1st quarter. Premier Path Wealth Partners LLC now owns 8,438 shares of the semiconductor manufacturer’s stock valued at $1,717,000 after acquiring an additional 1,147 shares in the last quarter. Finally, Asset Planning Inc increased its stake in shares of Advanced Micro Devices by 56.3% in the first quarter. Asset Planning Inc now owns 2,526 shares of the semiconductor manufacturer’s stock worth $514,000 after acquiring an additional 910 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Wells Fargo raised its AMD price target to $615 from $505, citing stronger server CPU demand and better long-term visibility. Article Title
• Positive Sentiment: More Wall Street firms are turning bullish on AMD as AI infrastructure spending broadens beyond Nvidia and into chip suppliers. Article Title
• Positive Sentiment: AMD’s strong AI and data center growth narrative continues to attract momentum buyers and options traders. Article Title
• Neutral Sentiment: AMD has seen unusually heavy insider selling over the past six months, which may temper some investor enthusiasm. Article Title

Advanced Micro Devices Trading Up 7.7%

Shares of NASDAQ:AMD opened at $580.91 on Wednesday. The stock has a market capitalization of $947.23 billion, a PE ratio of 190.46, a P/E/G ratio of 1.59 and a beta of 2.50. Advanced Micro Devices, Inc. has a 1 year low of $133.50 and a 1 year high of $584.73. The firm has a fifty day moving average price of $456.48 and a 200 day moving average price of $301.41. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last posted 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 firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The business’s quarterly revenue was up 37.8% on a year-over-year basis. Analysts expect that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction dated 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 owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares in the company, valued at $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 378,032 shares of company stock worth $161,876,596 in the last 90 days. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Advanced Micro Devices from $505.00 to $615.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley boosted their target price on Advanced Micro Devices from $360.00 to $410.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. UBS Group upped their target price on Advanced Micro Devices from $455.00 to $670.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. JPMorgan Chase & Co. raised their price target on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $448.78.

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.