Smithbridge Asset Management Inc. DE Invests $3.02 Million in Advanced Micro Devices, Inc. $AMD

Smithbridge Asset Management Inc. DE bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 14,859 shares of the semiconductor manufacturer’s stock, valued at approximately $3,023,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Focused Wealth Management Inc increased its stake in Advanced Micro Devices by 2.7% in the 1st quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer’s stock valued at $291,000 after buying an additional 37 shares during the last quarter. James J. Burns & Company LLC raised its holdings in shares of Advanced Micro Devices by 2.3% in the 4th quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock valued at $389,000 after purchasing an additional 40 shares during the period. Private Wealth Management Group LLC lifted its stake in Advanced Micro Devices by 24.8% in the 1st quarter. Private Wealth Management Group LLC now owns 201 shares of the semiconductor manufacturer’s stock valued at $41,000 after purchasing an additional 40 shares during the last quarter. Yoder Wealth Management Inc. lifted its stake in Advanced Micro Devices by 3.7% in the 1st quarter. Yoder Wealth Management Inc. now owns 1,158 shares of the semiconductor manufacturer’s stock valued at $236,000 after purchasing an additional 41 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 0.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer’s stock worth $1,052,000 after acquiring an additional 43 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the transaction, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 378,032 shares of company stock valued at $161,876,596. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMD. The Goldman Sachs Group raised shares of Advanced Micro Devices from a “buy” rating to a “buy” rating in a report on Friday, June 12th. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on Advanced Micro Devices from $325.00 to $400.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. Finally, Susquehanna boosted their target price on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the stock a “positive” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $448.78.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Wall Street remains bullish on AMD, with multiple analysts lifting price targets on strong AI-driven data center and server CPU demand, including Wells Fargo’s raise to $615 and other recent hikes. This Analyst Just Raised the Price Target on AMD Stock. Here’s Why.
• Positive Sentiment: AMD’s AI and data center story is still expanding, including new Versal Premium Gen 2 chips aimed at compact AI, networking, defense and video systems. AMD Expands AI Reach With Versal Premium Gen 2 MoP SoCs: What’s Ahead?
• Positive Sentiment: The company is still getting support from bullish commentary that highlights AMD as a key beneficiary of AI infrastructure spending and a rising competitor in the AI CPU market. Micron, Intel and AMD add $2 trillion in value in Q2 rally
• Neutral Sentiment: AMD also boosted executive pay to help retain leadership, a governance move that is not likely to be a major near-term driver for the stock. AMD Boosts Executive Pay to Support Leadership Retention
• Negative Sentiment: AMD is giving back some of its recent gains as investors lock in profits after an extraordinary AI-led surge and a new high, while broader chip stocks also retreat. Advanced Micro Devices (AMD) Dips More Than Broader Market: What You Should Know
• Negative Sentiment: Some market coverage is warning that the semiconductor rally may be getting overheated, with valuation concerns and “bubble risk” weighing on sentiment across the sector. Bank of America warns of tougher stock market in near future

Advanced Micro Devices Stock Performance

AMD stock opened at $540.88 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $133.50 and a 1-year high of $584.73. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $461.80 and a 200-day moving average price of $303.66. The firm has a market cap of $881.96 billion, a PE ratio of 177.34, a price-to-earnings-growth ratio of 1.71 and a beta of 2.47.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current year.

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.