Cvfg LLC Buys New Stake in Advanced Micro Devices, Inc. $AMD

Cvfg LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,609 shares of the semiconductor manufacturer’s stock, valued at approximately $345,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Impax Asset Management Group plc lifted its stake in shares of Advanced Micro Devices by 326.5% during the 3rd quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer’s stock worth $8,424,000 after purchasing an additional 39,861 shares during the period. Zweig DiMenna Associates LLC lifted its stake in shares of 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 worth $11,746,000 after purchasing an additional 40,708 shares during the period. Wedbush Securities Inc. lifted its stake in shares of Advanced Micro Devices by 7.8% during the 3rd quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer’s stock worth $13,632,000 after purchasing an additional 6,095 shares during the period. WealthPlan Investment Management LLC lifted its stake in shares of Advanced Micro Devices by 338.5% during the 4th quarter. WealthPlan Investment Management LLC now owns 6,157 shares of the semiconductor manufacturer’s stock worth $1,319,000 after purchasing an additional 4,753 shares during the period. Finally, Highline Wealth Partners LLC lifted its stake in shares of Advanced Micro Devices by 4,891.6% during the 4th quarter. Highline Wealth Partners LLC now owns 8,286 shares of the semiconductor manufacturer’s stock worth $1,775,000 after purchasing an additional 8,120 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total value of $55,688,750.00. Following the completion of the sale, the chief executive officer directly owned 3,021,899 shares in the company, valued at approximately $1,346,286,223.49. This represents a 3.97% decrease in their position. The sale was disclosed in a document filed 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 stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 309,598 shares of company stock worth $105,644,316. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Weiss Ratings raised Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Citigroup upped their price objective on Advanced Micro Devices from $358.00 to $460.00 and gave the stock a “neutral” rating in a report on Monday. Truist Financial set a $478.00 price objective on Advanced Micro Devices in a report on Wednesday, May 6th. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Finally, Northland Securities restated a “market perform” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $410.00.

Advanced Micro Devices Trading Up 0.4%

AMD stock opened at $449.59 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $107.67 and a 52 week high of $469.21. The company has a market cap of $733.10 billion, a price-to-earnings ratio of 147.41, a PEG ratio of 1.33 and a beta of 2.40. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $292.17 and a 200-day simple moving average of $245.31.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the prior year, the firm earned $0.96 EPS. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD announced production ramp of its 6th Gen EPYC “Venice” chips on TSMC’s 2nm technology, a major manufacturing milestone that could strengthen its competitiveness in servers and AI infrastructure.
• Positive Sentiment: AMD said it will invest more than $10 billion in Taiwan’s AI ecosystem to expand advanced packaging and manufacturing partnerships, including work with ASE, SPIL and other suppliers, which should help scale future AI products. Article Title
• Positive Sentiment: Reuters reported Amkor is working with AMD on advanced packaging, reinforcing the idea that AMD is broadening its manufacturing ecosystem to support next-gen chip launches. Article Title
• Positive Sentiment: Analysts and market commentary remain constructive, with several notes highlighting AMD’s expanding AI CPU opportunity and the potential for continued upside as the AI trade broadens beyond Nvidia. Article Title
• Positive Sentiment: Bank of America and other firms have recently named AMD among their preferred AI chip stocks, which can help sentiment and support the stock’s valuation. Article Title
• Neutral Sentiment: Some articles frame the stock as expensive after a huge run, suggesting investors may be debating valuation even as the fundamental AI narrative improves.
• Negative Sentiment: AMD also got pulled lower in some broader chip-trade weakness after Nvidia’s earnings-related volatility, showing the stock can move with the semiconductor group rather than on AMD-specific news alone. 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.