Aureus Asset Management LLC Acquires Shares of 5,717 Advanced Micro Devices, Inc. $AMD

Aureus Asset Management LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, HoldingsChannel reports. The institutional investor bought 5,717 shares of the semiconductor manufacturer’s stock, valued at approximately $1,163,000.

Several other large investors have also made changes to their positions in the company. Joseph Group Capital Management acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $25,000. Sarver Vrooman Wealth Advisors acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Cornerstone Financial Management LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $30,000. Finally, Main Street Group LTD acquired a new stake in Advanced Micro Devices during the 1st quarter worth $33,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $552.33 on Thursday. The stock has a market capitalization of $900.63 billion, a PE ratio of 181.09, a P/E/G ratio of 1.58 and a beta of 2.47. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73. The firm has a fifty day simple moving average of $508.85 and a 200 day simple moving average of $337.19. 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 announced its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating 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 firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same quarter last year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. On average, research analysts expect that Advanced Micro Devices, Inc. will post 6.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMD. 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. JPMorgan Chase & Co. raised their price target on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein set a $600.00 price objective on Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, William Blair initiated coverage on shares of Advanced Micro Devices in a research note on Thursday, July 9th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $468.65.

Insider Buying and Selling

In related news, 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 value of $10,832,450.64. Following the completion of the sale, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. This trade represents a 18.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the firm’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 completion of the sale, the chief executive officer owned 2,896,899 shares of the company’s stock, valued at $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. 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 sold 341,630 shares of company stock worth $152,147,456 in the last 90 days. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Anthropic’s multi-year plan to deploy up to 2GW of AMD Instinct MI450 GPUs could become a major new revenue stream for AMD. AMD and Anthropic Sign Major Chips-and-Investment Deal
• Positive Sentiment: AMD’s planned investment in Anthropic signals a deeper strategic alliance and could help the company win more AI infrastructure customers. AMD to invest up to $5 billion in Anthropic, WSJ Reports
• Positive Sentiment: Analysts are becoming more confident that the Anthropic deal can improve AMD’s long-term revenue outlook and help narrow the gap with Nvidia. AMD Stock Rises as Wells Fargo Gains ‘Further Confidence’ in Revenue after Anthropic Deal
• Neutral Sentiment: AMD also remains in focus ahead of its Aug. 4 earnings report and upcoming AI event, keeping expectations elevated for more customer wins and product updates.

About Advanced Micro Devices

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.