CFO Capital Management LLC Takes Position in Advanced Micro Devices, Inc. $AMD

CFO Capital Management LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 9,087 shares of the semiconductor manufacturer’s stock, valued at approximately $1,946,000. Advanced Micro Devices accounts for about 1.5% of CFO Capital Management LLC’s holdings, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. James J. Burns & Company LLC increased its stake in Advanced Micro Devices by 2.3% during the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock worth $389,000 after acquiring an additional 40 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 0.9% in the fourth 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 in the last quarter. Willis Johnson & Associates Inc. increased its stake in shares of Advanced Micro Devices by 1.9% during the fourth quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock worth $493,000 after buying an additional 44 shares during the period. Smith Moore & CO. lifted its holdings in Advanced Micro Devices by 1.1% during the 3rd quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer’s stock worth $641,000 after buying an additional 45 shares during the last quarter. Finally, Spirepoint Private Client LLC grew its position in shares of Advanced Micro Devices by 3.2% in the 4th quarter. Spirepoint Private Client LLC now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $307,000 after buying an additional 45 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 0.4%

NASDAQ:AMD opened at $539.33 on Friday. 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 of $417.16 and a 200-day moving average of $285.22. The firm has a market capitalization of $879.43 billion, a PE ratio of 176.83, a price-to-earnings-growth ratio of 1.57 and a beta of 2.50. Advanced Micro Devices, Inc. has a 52 week low of $126.82 and a 52 week high of $558.37.

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 the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Analysts predict 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: 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

Wall Street Analyst Weigh In

AMD has been the subject of a number of research reports. Evercore reaffirmed an “outperform” rating and issued a $579.00 target price on shares of Advanced Micro Devices in a report on Tuesday, May 19th. Roth Mkm reaffirmed a “buy” rating and issued a $500.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. Melius Research set a $540.00 price objective on Advanced Micro Devices in a research report on Monday, May 18th. Seaport Research Partners upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price target on the stock in a report on Wednesday, May 6th. Finally, Wedbush boosted their price objective on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $430.68.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were 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 directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated 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 sale, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 378,032 shares of company stock valued at $161,876,596 in the last quarter. 0.50% of the stock is owned by company insiders.

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.