Advanced Micro Devices, Inc. $AMD Shares Acquired by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 18,118 shares of the semiconductor manufacturer’s stock after buying an additional 1,860 shares during the period. ABN AMRO Bank N.V.’s holdings in Advanced Micro Devices were worth $3,676,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMD. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $4,929,312,000. Jennison Associates LLC lifted its holdings in shares of Advanced Micro Devices by 181.6% in the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after purchasing an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. acquired a new position in Advanced Micro Devices during the 4th quarter valued at approximately $1,000,783,000. Wellington Management Group LLP boosted its position in Advanced Micro Devices by 335.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after purchasing an additional 3,735,807 shares during the period. Finally, Franklin Resources Inc. grew its stake in Advanced Micro Devices by 340.1% during the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock worth $1,016,796,000 after buying an additional 3,669,054 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $521.58 on Monday. Advanced Micro Devices, Inc. has a 52 week low of $133.50 and a 52 week high of $562.99. The stock has a market cap of $850.49 billion, a price-to-earnings ratio of 171.01, a PEG ratio of 1.54 and a beta of 2.50. The company’s 50-day moving average price is $445.21 and its two-hundred day moving average price is $296.64. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

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 analysts’ consensus estimates of $1.29 by $0.08. The company 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 business’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 posted $0.96 EPS. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

More Advanced Micro Devices News

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

• Positive Sentiment: Wall Street sentiment remains upbeat, with multiple analysts raising AMD price targets in June, including a street-high call from UBS, as firms increasingly view AMD as a bigger player in AI infrastructure and data center CPUs.
• Positive Sentiment: AMD continues to gain credibility in enterprise AI, including recognition from Gartner as a leading server CPU company, which supports the long-term growth case for its data center business. Article Title
• Positive Sentiment: New business wins are also helping sentiment, including a definitive agreement with Rackspace Technology to deploy AMD-based infrastructure, reinforcing demand for AMD chips in cloud and enterprise workloads. Article Title
• Positive Sentiment: Several recent articles argue AMD still has meaningful upside as investors focus on its CPU and AI data center growth, with some bullish commentary suggesting the market may still be underappreciating its long-term earnings power.
• Neutral Sentiment: One recent piece highlighted both the positives and a caution on AMD, noting the stock’s huge six-month run and suggesting investors should stay aware of valuation risk after such a strong rally.
• Negative Sentiment: The semiconductor group has also been under pressure today, with AI chip names, including AMD, softening as momentum in the sector cools and investors rotate out of the space. Article Title
• Negative Sentiment: Bearish/neutral valuation commentary has also picked up, with some coverage questioning whether AMD’s rapid stock gains have already priced in a lot of future growth, which can weigh on the shares in the short term.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value 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 $140,000,947.80. This represents a 5.66% decrease in their position. 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 a total of 378,032 shares of company stock valued at $161,876,596 over the last three months. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMD shares. Mizuho increased their target price on Advanced Micro Devices from $515.00 to $615.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Bank of America upped their price target on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Wolfe Research set a $450.00 price objective on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a report on Monday, June 15th. TD Cowen boosted their target price on shares of Advanced Micro Devices from $500.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Finally, BTIG Research upgraded shares of Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $440.41.

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.