11,103 Shares in Advanced Micro Devices, Inc. $AMD Acquired by Proficio Capital Partners LLC

Key Points

• Proficio Capital Partners acquired 11,103 AMD shares worth approximately $6.45 million in the second quarter. Institutional investors collectively own 71.34% of AMD’s outstanding stock.
• AMD reported strong quarterly results, with earnings of $1.66 per share exceeding estimates and revenue rising 50.1% year over year to $11.54 billion. The stock opened at $465.58, with a market capitalization of roughly $760 billion.
• Analysts maintain a generally positive outlook, giving AMD a consensus rating of “Moderate Buy” and an average price target of $553.72. However, company insiders sold $114 million of stock over the past 90 days, while elevated valuation and tariff concerns remain potential risks.

Proficio Capital Partners LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,103 shares of the semiconductor manufacturer's stock, valued at approximately $6,450,000.

Other large investors also recently added to or reduced their stakes in the company. Southpoint Capital Advisors LP grew its stake in shares of Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after buying an additional 300,000 shares during the period. Jefferies Financial Group Inc. raised its position in shares of Advanced Micro Devices by 6,228.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock valued at $65,966,000 after buying an additional 303,154 shares during the period. Boomfish Wealth Group LLC acquired a new position in Advanced Micro Devices in the first quarter valued at approximately $1,193,000. Dimensional Fund Advisors LP lifted its holdings in Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock valued at $1,045,954,000 after acquiring an additional 291,165 shares during the last quarter. Finally, Williamson Legacy Group LLC purchased a new position in Advanced Micro Devices in the fourth quarter worth approximately $1,118,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

AMD opened at $465.58 on Monday. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $505.66 and a 200-day simple moving average of $385.61. The firm has a market cap of $760.05 billion, a P/E ratio of 119.69 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The company's quarterly revenue was up 50.1% compared to the same quarter last year. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 28,811 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the transaction, the executive vice president owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 241,203 shares of company stock worth $114,011,942 over the last 90 days. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on AMD shares. Rosenblatt Securities lifted their target price on Advanced Micro Devices from $665.00 to $700.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. BTIG Research upgraded Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. William Blair reissued a "market perform" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, Morgan Stanley increased their target price on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $553.72.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AI demand and product roadmap remain strong: AMD’s previously announced rack-scale platforms and server products are moving closer to deployment, supporting expectations for continued data-center growth. Recent results showed revenue up 50% year over year to $11.54 billion, while management guided to roughly $13 billion in third-quarter revenue. AMD stock ran its published roadmap
• Positive Sentiment: Strategic Nutanix partnership broadens AMD’s AI offering: AMD’s equity investment and joint development agreement with Nutanix could help deliver integrated, open AI inference systems that compete with Nvidia’s software-centric platform. AMD and Nutanix strategic partnership
• Neutral Sentiment: Analyst comparisons favor rivals on risk-reward: Commentary argues Broadcom offers better diversification and a lower valuation, while Nvidia’s stronger profitability, CUDA ecosystem and recent outperformance give it an advantage over AMD. These comparisons may limit enthusiasm despite AMD’s growth prospects. Broadcom versus AMD risk-reward comparison
• Negative Sentiment: Potential tariffs increase cost and supply-chain risk: Reports that the administration may extend semiconductor tariffs to products containing chips, including data-center servers, have raised concerns about higher costs and disrupted hardware supply chains. Why AMD stock is sliding
• Negative Sentiment: Profit-taking and selling activity weigh on sentiment: ARK Invest sold approximately $18 million of AMD shares while reallocating capital to Broadcom and Cerebras. AMD EVP Jean Hu also sold $7.1 million of stock under a pre-arranged Rule 10b5-1 plan, although she retained a substantial position. Cathie Wood sold AMD stock

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.

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