AGP Franklin LLC Invests $2.06 Million in Advanced Micro Devices, Inc. $AMD

AGP Franklin LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 1st quarter, Holdings Channel.com reports. The firm bought 10,152 shares of the semiconductor manufacturer’s stock, valued at approximately $2,065,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Brighton Jones LLC grew its holdings in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after buying an additional 234 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Advanced Micro Devices by 125.1% during the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after acquiring an additional 2,970 shares during the last quarter. United Bank boosted its position in shares of Advanced Micro Devices by 22.0% during the second quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock worth $1,881,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its stake in Advanced Micro Devices by 361.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock valued at $1,310,000 after acquiring an additional 7,228 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of several research analyst reports. Zacks Research cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Raymond James Financial assumed coverage on Advanced Micro Devices in a research report on Wednesday, May 6th. They set a “market perform” rating for the company. The Goldman Sachs Group raised Advanced Micro Devices from a “buy” rating to a “buy” rating in a report on Friday, June 12th. Northland Securities reiterated a “market perform” rating and issued a $260.00 target price on shares of Advanced Micro Devices in a research report on Monday, April 27th. Finally, Barclays lowered Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $430.68.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD gained after expanding FSR GPU driver support to older graphics cards, a move that could improve customer satisfaction and extend the life of its GPU ecosystem. Article Title
• Positive Sentiment: AMD was also supported by broader strength in chip stocks, as investors rotated into semiconductors on improving risk sentiment and continued AI spending optimism. Article Title
• Positive Sentiment: Commentary highlighted AMD as a strong AI-chip contender that could benefit from further growth in data center and networking demand, reinforcing the bullish long-term narrative. Article Title
• Neutral Sentiment: Several articles framed AMD as having already doubled this year and trading well above technical support levels, which may prompt some investors to question how much upside is left near current highs. Article Title
• Negative Sentiment: Investor caution also came from reports that David Tepper’s Appaloosa trimmed its AMD stake by about 32%, which can be read as a modest confidence signal against the stock’s recent surge. Article Title
• Negative Sentiment: Another bearish headline noted heavy insider selling, with more than $60 million in AMD shares reportedly sold in early June, which may raise concerns about valuation and near-term upside. Article Title

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 firm’s stock in a transaction dated Friday, May 8th. The stock was 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 $46,759,604.58. This represents a 18.81% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 378,032 shares of company stock valued at $161,876,596. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Stock Up 2.7%

Shares of NASDAQ:AMD opened at $551.63 on Tuesday. The firm has a market capitalization of $899.49 billion, a PE ratio of 180.86, a price-to-earnings-growth ratio of 1.58 and a beta of 2.50. The business has a 50 day simple moving average of $423.46 and a two-hundred day simple moving average of $288.05. Advanced Micro Devices, Inc. has a 1 year low of $126.82 and a 1 year high of $562.99. 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 (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

Advanced Micro Devices 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.