Advanced Micro Devices, Inc. $AMD Shares Acquired by Geode Capital Management LLC

Key Points

• Geode Capital Management increased its AMD stake by 0.8% in the fourth quarter, holding 37.6 million shares worth about $8.0 billion. The firm remains one of AMD’s largest institutional holders, owning roughly 2.31% of the company.
• Several other institutional investors also added to or initiated positions in AMD, while hedge funds and institutions collectively own 71.34% of the stock. Meanwhile, insiders sold shares over the past three months, with recent sales by EVP Mark Papermaster and Forrest Norrod under pre-arranged trading plans.
• Analyst sentiment stays constructive: AMD has a Moderate Buy consensus with a $410 average target, and recent notes have included upgrades and price targets as high as $540. The company’s latest earnings also beat expectations, with revenue up 37.8% year over year and data center/AI demand continuing to drive growth.

Geode Capital Management LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,584,845 shares of the semiconductor manufacturer's stock after purchasing an additional 287,525 shares during the quarter. Advanced Micro Devices makes up 0.5% of Geode Capital Management LLC's holdings, making the stock its 25th biggest position. Geode Capital Management LLC owned about 2.31% of Advanced Micro Devices worth $8,015,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Fidelis Capital Partners LLC grew its position in shares of Advanced Micro Devices by 1.2% in the fourth quarter. Fidelis Capital Partners LLC now owns 19,483 shares of the semiconductor manufacturer's stock valued at $4,172,000 after purchasing an additional 224 shares during the period. Knights of Columbus Asset Advisors LLC grew its position in shares of Advanced Micro Devices by 19.3% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 13,663 shares of the semiconductor manufacturer's stock valued at $2,926,000 after purchasing an additional 2,208 shares during the period. King Luther Capital Management Corp grew its position in shares of Advanced Micro Devices by 21.7% in the fourth quarter. King Luther Capital Management Corp now owns 72,159 shares of the semiconductor manufacturer's stock valued at $15,454,000 after purchasing an additional 12,843 shares during the period. Key Financial Inc grew its position in shares of Advanced Micro Devices by 3.0% in the fourth quarter. Key Financial Inc now owns 2,053 shares of the semiconductor manufacturer's stock valued at $440,000 after purchasing an additional 59 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $83,753,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the transaction, the executive vice president directly owned 1,236,037 shares of the company's stock, valued at $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 329,085 shares of company stock valued at $114,051,007 over the last three months. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMD shares. Erste Group Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Thursday, April 2nd. Jefferies Financial Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Wednesday, May 6th. Seaport Research Partners raised shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 price target on the stock in a research note on Wednesday, May 6th. Melius Research set a $540.00 price target on shares of Advanced Micro Devices in a research note on Monday, May 18th. Finally, Roth Mkm reissued a "buy" rating and issued a $500.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $410.00.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD’s data center business remains a major growth engine, with one recent write-up highlighting 57% year-over-year data center revenue growth to $5.78 billion, driven by EPYC CPU demand and ramping Instinct AI products. Article title
• Positive Sentiment: AMD got a lift from a new OneQode collaboration to deploy AMD Instinct MI355X GPUs and plan for AMD’s Helios rack-scale solution, reinforcing demand for its AI infrastructure products. Article title
• Positive Sentiment: Analyst commentary remains constructive, with multiple recent notes describing AMD as a beneficiary of the AI spending cycle and highlighting upside tied to continued data center and CPU gains. Article title
• Neutral Sentiment: Some articles focused on AMD’s rapid valuation expansion and the question of whether the stock can become a trillion-dollar company, which keeps expectations high but does not change the near-term growth story. Article title
• Negative Sentiment: Sentiment was pressured by reports that Cathie Wood continued trimming AMD exposure, and by concerns that Nvidia could move into the standalone server CPU market, increasing competitive pressure on AMD’s growth areas. Article title Article title

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $495.54 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The firm's 50-day moving average is $315.01 and its two-hundred day moving average is $251.86. Advanced Micro Devices, Inc. has a 12 month low of $108.62 and a 12 month high of $510.21. The company has a market capitalization of $808.03 billion, a PE ratio of 162.47, a price-to-earnings-growth ratio of 1.48 and a beta of 2.40.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS 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 the consensus estimate of $9.90 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. Advanced Micro Devices's quarterly revenue was up 37.8% compared to the same quarter last year. Analysts predict that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

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.

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