Advanced Micro Devices, Inc. $AMD Shares Acquired by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,827 shares of the semiconductor manufacturer’s stock after buying an additional 2,654 shares during the period. Thoroughbred Financial Services LLC’s holdings in Advanced Micro Devices were worth $7,030,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Joseph Group Capital Management acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $25,000. Koesten Hirschmann & Crabtree INC. lifted its position in Advanced Micro Devices by 61.0% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Key Capital Management INC bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $38,000. PFS Partners LLC lifted its position in Advanced Micro Devices by 269.2% in the 4th quarter. PFS Partners LLC now owns 192 shares of the semiconductor manufacturer’s stock valued at $41,000 after purchasing an additional 140 shares during the last quarter. Finally, Aviso Financial Inc. lifted its position in Advanced Micro Devices by 400.0% in the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 1.7%

AMD stock opened at $495.54 on Thursday. Advanced Micro Devices, Inc. has a 52 week low of $108.62 and a 52 week high of $510.21. The company has a market capitalization of $808.03 billion, a price-to-earnings ratio of 162.47, a price-to-earnings-growth ratio of 1.48 and a beta of 2.40. The firm’s 50-day moving average is $315.01 and its two-hundred day moving average is $251.86. 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 released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $9.90 billion. During the same period in the previous year, the firm earned $0.96 EPS. Advanced Micro Devices’s revenue was up 37.8% on a year-over-year basis. On average, analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD’s AI and data center momentum remains strong, with EPYC and Instinct demand helping drive rapid revenue growth and supporting the long-term bull case. AMD’s Data Center Growth Rides on EPYC Demand: More Upside Ahead?
• Positive Sentiment: OneQode’s partnership with AMD to deploy Instinct GPUs and later Helios infrastructure adds another real-world AI rollout and reinforces AMD’s position in AI infrastructure. OneQode partners with AMD to roll out global AI infrastructure
• Positive Sentiment: Analyst coverage remains upbeat, with recent target hikes suggesting Wall Street still sees meaningful upside from current levels. Arrow Minerals Wins Strong Shareholder Backing at AGM
• Neutral Sentiment: AMD’s stock has had a huge run, which is attracting more discussion about whether the company can grow into its premium valuation. What’s Going On With AMD Stock Thursday?
• Neutral Sentiment: Some prominent investors, including Cathie Wood, have been reducing AMD holdings, which may create caution despite the company’s strong operating trends. Cathie Wood sells $16M of surging semiconductor stock AMD
• Negative Sentiment: Some commentary warns AMD’s valuation is stretched after the rally, meaning any slowdown in AI demand or execution could pressure the stock. AMD Stock At $500: AI Upside, With One Big Caveat
• Negative Sentiment: Nvidia’s push into the standalone server CPU market is seen as a competitive threat that could weigh on AMD’s future CPU share and margins. AMD Stock Slips as Nvidia Makes Plans to Enter the Standalone Server CPU Market

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at $432,612,950. The trade was a 2.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the business’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 completion of the sale, the executive vice president owned 324,527 shares in the company, valued at $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 329,085 shares of company stock valued at $114,051,007 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. Sanford C. Bernstein upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $265.00 to $525.00 in a research report on Wednesday, May 6th. Jefferies Financial Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Raymond James Financial initiated coverage on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. They issued a “market perform” rating on the stock. Roth Mkm reiterated a “buy” rating and issued a $500.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $410.00.

Advanced Micro Devices 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.