Advanced Micro Devices, Inc. $AMD Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.5% during the 1st quarter, Holdings Channel reports. The firm owned 23,947 shares of the semiconductor manufacturer’s stock after selling 7,784 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Advanced Micro Devices were worth $4,872,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Old North State Trust LLC lifted its stake in Advanced Micro Devices by 73.2% in the 4th quarter. Old North State Trust LLC now owns 5,260 shares of the semiconductor manufacturer’s stock valued at $1,126,000 after buying an additional 2,223 shares in the last quarter. J. Derek Lewis & Associates Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $584,000. Purpose Unlimited Inc. purchased a new position in Advanced Micro Devices during the fourth quarter worth $18,251,000. Stance Capital LLC raised its holdings in shares of Advanced Micro Devices by 204.1% in the fourth quarter. Stance Capital LLC now owns 25,773 shares of the semiconductor manufacturer’s stock worth $5,519,000 after acquiring an additional 17,299 shares during the last quarter. Finally, Cornerstone Planning LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth $5,024,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Bank of America upped their price objective on Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. lifted their price objective on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their target price on shares of Advanced Micro Devices from $345.00 to $505.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. BTIG Research upgraded shares of Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Finally, Raymond James Financial assumed coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $430.68.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $539.33 on Friday. The company has a market cap of $879.43 billion, a P/E ratio of 176.83, a P/E/G ratio of 1.57 and a beta of 2.50. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52 week low of $126.82 and a 52 week high of $558.37. The business has a fifty day simple moving average of $417.16 and a 200-day simple moving average of $285.22.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 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 analyst estimates of $9.90 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The business’s quarterly revenue was up 37.8% compared to the same quarter last year. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Bernstein raised its price target on AMD to $600, citing strong AI infrastructure demand and improving server-market conditions, reinforcing the bullish case for the stock. Why Is AMD Stock Gaining Thursday?
• Positive Sentiment: AMD and Rackspace signed a definitive agreement to deploy 30 MW of AMD-based AI compute across Rackspace’s data centers, a win that could expand AMD’s presence in regulated enterprise cloud workloads. Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom (AMD)
• Positive Sentiment: AMD’s acquisition of MEXT is being viewed as strategically important because it could help address AI data-center memory bottlenecks and strengthen the company’s AI stack. AMD (AMD) Buys MEXT To Tackle AI Data Center Memory Bottlenecks
• Neutral Sentiment: Several analyst and investor articles continue to highlight AMD’s strong year-to-date rally, but also warn that the stock is trading near all-time highs and may be fully valued, which could temper upside near term. Buy, Hold, or Sell: AMD Rested Near All-Time Highs as Kevin Warsh Opened His First Fed Meeting. Is AMD Stock a Buy at $507?
• Neutral Sentiment: Market commentary from today also points to AMD as a preferred semiconductor alternative versus Intel, but the note is more about sector positioning than a direct company-specific catalyst. Analyst Warns Intel Valuation ‘Doesn’t Make Sense.’ Suggests NVIDIA, AMD, Micron, and Broadcom as Alternatives.
• Negative Sentiment: Some recent coverage warns AMD has likely risen too far, too fast, which could invite profit-taking if investors become more cautious about valuation. One Warning Signal AMD Investors Can’t Miss

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the sale, the chief executive officer owned 2,896,899 shares of the company’s stock, valued at approximately $1,334,572,400.31. The trade was a 4.14% 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 378,032 shares of company stock worth $161,876,596 over the last ninety days. Insiders own 0.50% of the company’s stock.

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.