Advanced Micro Devices, Inc. $AMD Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 635,010 shares of the semiconductor manufacturer’s stock after acquiring an additional 15,399 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Advanced Micro Devices were worth $133,485,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMD. Norges Bank acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth $4,929,312,000. Jennison Associates LLC raised its stake in shares of Advanced Micro Devices by 181.6% in the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after acquiring an additional 7,035,991 shares in the last quarter. Cardano Risk Management B.V. purchased a new position in Advanced Micro Devices in the fourth quarter valued at $1,000,783,000. Wellington Management Group LLP boosted its holdings in Advanced Micro Devices by 335.9% in the third 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 purchasing an additional 3,669,054 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMD has been the topic of several recent research reports. Benchmark upped their price target on Advanced Micro Devices from $325.00 to $485.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Susquehanna lifted their price objective on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research note on Wednesday, May 6th. Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Truist Financial set a $478.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $505.00 to $615.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $468.65.

Insider Buying and Selling

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the transaction, the director owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president owned 1,236,037 shares in the company, valued at $432,612,950. This trade represents a 2.47% decrease in their position. 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 a total of 341,630 shares of company stock valued at $152,147,456 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Wall Street analysts continue raising AMD price targets, signaling confidence in the company’s long-term AI growth story and earnings potential. AMD Stock Price Outlook – Analysts Keep Raising Price Targets Despite the Pullback
• Positive Sentiment: AMD named Alan Smith as a new Corporate Fellow, reinforcing its technical depth in GPU and AI computing. AMD Appoints Alan Smith as Newest Corporate Fellow
• Neutral Sentiment: Recent commentary continues to frame AMD as a major beneficiary of the AI infrastructure buildout, but those long-term themes are being overshadowed by near-term volatility. Nvidia vs. AMD vs. Cerebras: Which Is the Best AI Inference Stock to Buy Today?
• Negative Sentiment: AMD is being hit by a broader semiconductor pullback as investors worry about a possible slowdown in AI spending and take profits after a strong rally. What’s driving Intel, AMD stocks down ‘again’ on Thursday?
• Negative Sentiment: Technical analysis articles suggest AMD may have broken support and could face a deeper pullback if key moving averages fail to hold. Advanced Micro (AMD) Price Forecast: Is a Larger Pullback About to Begin?

Advanced Micro Devices Stock Performance

Shares of AMD opened at $500.94 on Friday. The stock has a 50 day moving average price of $503.08 and a 200 day moving average price of $328.48. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $816.83 billion, a price-to-earnings ratio of 164.24, a price-to-earnings-growth ratio of 1.55 and a beta of 2.47. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 6.18 EPS for the current fiscal 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.