Advanced Micro Devices, Inc. $AMD Shares Bought by Thoroughbred Financial Services LLC

Key Points

• Thoroughbred Financial Services LLC increased its AMD stake by 8.8% in the fourth quarter, ending with 32,827 shares valued at about $7.03 million.
• AMD continues to see strong institutional interest overall, with 71.34% of shares owned by hedge funds and other institutional investors, though some insiders have been selling stock recently.
• The company’s latest results were solid, with earnings of $1.37 per share and revenue of $10.25 billion, both ahead of expectations and up 37.8% year over year; analysts remain broadly positive with a consensus rating of Moderate Buy.

Thoroughbred Financial Services LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,827 shares of the semiconductor manufacturer's stock after buying an additional 2,654 shares during the period. Thoroughbred Financial Services LLC's holdings in Advanced Micro Devices were worth $7,030,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. James J. Burns & Company LLC raised its position in Advanced Micro Devices by 2.3% in the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer's stock valued at $389,000 after purchasing an additional 40 shares during the period. Cassaday & Co Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 0.9% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer's stock worth $1,052,000 after acquiring an additional 43 shares in the last quarter. Willis Johnson & Associates Inc. grew its stake in shares of Advanced Micro Devices by 1.9% in the fourth quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer's stock worth $493,000 after acquiring an additional 44 shares in the last quarter. Addison Advisors LLC grew its stake in shares of Advanced Micro Devices by 12.7% during the third quarter. Addison Advisors LLC now owns 400 shares of the semiconductor manufacturer's stock worth $65,000 after purchasing an additional 45 shares in the last quarter. Finally, Smith Moore & CO. grew its stake in shares of Advanced Micro Devices by 1.1% during the third quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer's stock worth $641,000 after purchasing an additional 45 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the firm's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the completion of the transaction, the chief executive officer directly owned 3,021,899 shares of the company's stock, valued at $1,346,286,223.49. This trade represents a 3.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the executive vice president directly owned 1,236,037 shares of the company's stock, valued at $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 in the last 90 days. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD’s AI and data center momentum remains strong, with EPYC and Instinct demand helping drive rapid revenue growth and supporting the long-term bull case. AMD's Data Center Growth Rides on EPYC Demand: More Upside Ahead?
• Positive Sentiment: OneQode’s partnership with AMD to deploy Instinct GPUs and later Helios infrastructure adds another real-world AI rollout and reinforces AMD’s position in AI infrastructure. OneQode partners with AMD to roll out global AI infrastructure
• Positive Sentiment: Analyst coverage remains upbeat, with recent target hikes suggesting Wall Street still sees meaningful upside from current levels. Arrow Minerals Wins Strong Shareholder Backing at AGM
• Neutral Sentiment: AMD’s stock has had a huge run, which is attracting more discussion about whether the company can grow into its premium valuation. What's Going On With AMD Stock Thursday?
• Neutral Sentiment: Some prominent investors, including Cathie Wood, have been reducing AMD holdings, which may create caution despite the company’s strong operating trends. Cathie Wood sells $16M of surging semiconductor stock AMD
• Negative Sentiment: Some commentary warns AMD’s valuation is stretched after the rally, meaning any slowdown in AI demand or execution could pressure the stock. AMD Stock At $500: AI Upside, With One Big Caveat
• Negative Sentiment: Nvidia’s push into the standalone server CPU market is seen as a competitive threat that could weigh on AMD’s future CPU share and margins. AMD Stock Slips as Nvidia Makes Plans to Enter the Standalone Server CPU Market

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $495.54 on Thursday. The company's fifty day simple moving average is $315.01 and its 200-day simple moving average is $251.86. The company has a market cap of $808.03 billion, a PE ratio of 162.47, a P/E/G ratio of 1.48 and a beta of 2.40. Advanced Micro Devices, Inc. has a 52 week low of $108.62 and a 52 week high of $510.21. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business's revenue was up 37.8% on a year-over-year basis. During the same period last year, the business earned $0.96 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Truist Financial set a $478.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. HSBC cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and increased their price target for the stock from $335.00 to $340.00 in a report on Monday, May 4th. The Goldman Sachs Group upgraded shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and upped their target price for the stock from $240.00 to $450.00 in a research report on Wednesday, May 6th. Sanford C. Bernstein upgraded shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $265.00 to $525.00 in a research report on Wednesday, May 6th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus target price of $410.00.

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.

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