DCF Advisers LLC Cuts Stock Holdings in Advanced Micro Devices, Inc. $AMD

DCF Advisers LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the semiconductor manufacturer’s stock after selling 2,500 shares during the period. Advanced Micro Devices accounts for about 1.7% of DCF Advisers LLC’s portfolio, making the stock its 13th largest holding. DCF Advisers LLC’s holdings in Advanced Micro Devices were worth $6,425,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Advanced Micro Devices by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after buying an additional 2,525,109 shares in the last quarter. State Street Corp boosted its holdings in shares of Advanced Micro Devices by 2.4% during the 3rd quarter. State Street Corp now owns 73,824,441 shares of the semiconductor manufacturer’s stock worth $11,944,056,000 after purchasing an additional 1,755,182 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock worth $8,015,897,000 after purchasing an additional 287,525 shares during the last quarter. Norges Bank acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $4,929,312,000. Finally, Amundi boosted its holdings in shares of Advanced Micro Devices by 17.5% during the 3rd quarter. Amundi now owns 13,486,227 shares of the semiconductor manufacturer’s stock worth $2,181,937,000 after purchasing an additional 2,012,865 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD continues to benefit from strong AI infrastructure demand, with recent coverage highlighting record data center revenue and growing adoption of EPYC and Instinct products.
• Positive Sentiment: Wall Street remains broadly constructive on AMD, with multiple buy/overweight ratings and several price targets above current levels.
• Neutral Sentiment: TSMC’s strong monthly sales reinforced that demand for AI chips remains robust across the semiconductor supply chain.
• Negative Sentiment: AMD was hit by a sector-wide semiconductor selloff as investors pulled back from high-flying chip stocks.
• Negative Sentiment: AMD’s investment in TensorWave raised concerns about circular financing and added to recent caution around AI-related capital allocation.
• Negative Sentiment: Several market commentators and analysts warned that AMD’s sharp multi-month rally may be leaving the stock vulnerable to a valuation reset.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMD shares. TD Cowen boosted their target price on Advanced Micro Devices from $500.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Royal Bank Of Canada upped their price objective on Advanced Micro Devices from $325.00 to $400.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Evercore reiterated an “outperform” rating and issued a $579.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, May 19th. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Finally, Stifel Nicolaus upped their price objective on Advanced Micro Devices from $320.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $419.86.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, 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 transaction, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. This trade represents a 18.81% 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 Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. The trade was a 5.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 247,032 shares of company stock valued at $101,072,366 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Advanced Micro Devices Stock Down 4.9%

Advanced Micro Devices stock opened at $452.40 on Thursday. The firm has a market capitalization of $737.68 billion, a P/E ratio of 148.33, a P/E/G ratio of 1.40 and a beta of 2.50. The stock’s fifty day simple moving average is $374.69 and its 200-day simple moving average is $270.50. 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, Inc. has a twelve month low of $115.06 and a twelve month high of $546.44.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.Advanced Micro Devices’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

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.