Element Squared LLC Sells 1,572 Shares of Advanced Micro Devices, Inc. $AMD

Element Squared LLC lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.5% in the first quarter, HoldingsChannel reports. The fund owned 11,048 shares of the semiconductor manufacturer’s stock after selling 1,572 shares during the quarter. Advanced Micro Devices makes up approximately 1.3% of Element Squared LLC’s holdings, making the stock its 18th largest holding. Element Squared LLC’s holdings in Advanced Micro Devices were worth $2,247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMD. Eagle Wealth Advisors LLC raised its position in shares of Advanced Micro Devices by 16.8% during the first quarter. Eagle Wealth Advisors LLC now owns 6,510 shares of the semiconductor manufacturer’s stock worth $1,324,000 after purchasing an additional 934 shares during the period. Shikiar Asset Management Inc. grew its position in Advanced Micro Devices by 21.8% in the 1st quarter. Shikiar Asset Management Inc. now owns 26,946 shares of the semiconductor manufacturer’s stock valued at $5,482,000 after purchasing an additional 4,830 shares during the period. Kohmann Bosshard Financial Services LLC grew its position in Advanced Micro Devices by 23.2% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 351 shares of the semiconductor manufacturer’s stock valued at $71,000 after purchasing an additional 66 shares during the period. Premier Path Wealth Partners LLC increased its stake in 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 purchasing an additional 1,147 shares in the last quarter. Finally, Asset Planning Inc increased its stake in Advanced Micro Devices by 56.3% during the 1st quarter. Asset Planning Inc now owns 2,526 shares of the semiconductor manufacturer’s stock valued at $514,000 after purchasing an additional 910 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Needham & Company LLC raised shares of Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Citigroup lowered shares of Advanced Micro Devices from a “buy” rating to a “market perform” rating in a report on Friday, June 12th. Wolfe Research set a $450.00 price target on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research report on Monday, June 15th. Finally, Melius Research set a $540.00 price target on Advanced Micro Devices in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $448.78.

Insider Transactions at Advanced Micro Devices

In other 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 value of $57,586,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,896,899 shares of the company’s stock, valued at $1,334,572,400.31. This represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 378,032 shares of company stock worth $161,876,596. Company insiders own 0.50% of the company’s stock.

Advanced Micro Devices Stock Performance

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

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating 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 analyst estimates of $9.90 billion. During the same period last year, the firm earned $0.96 earnings per share. The firm’s revenue was up 37.8% on a year-over-year basis. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

Key Headlines Impacting 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

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.