Advanced Micro Devices, Inc. $AMD Shares Purchased by Crestwood Advisors Group LLC

Key Points

• Crestwood Advisors Group boosted its AMD stake by 59.4% in the fourth quarter, adding 4,589 shares and bringing its total to 12,312 shares valued at about $2.64 million.
• AMD reported strong quarterly results, topping EPS and revenue estimates with $1.37 per share on $10.25 billion in revenue, driven by continued strength in data-center and AI demand.
• Wall Street sentiment has turned more bullish after earnings, with several firms raising price targets and upgrading the stock, though some insider selling and profit-taking could temper near-term upside.

Crestwood Advisors Group LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 59.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,312 shares of the semiconductor manufacturer's stock after purchasing an additional 4,589 shares during the period. Crestwood Advisors Group LLC's holdings in Advanced Micro Devices were worth $2,637,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Impax Asset Management Group plc boosted its position in shares of Advanced Micro Devices by 326.5% during the third quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer's stock worth $8,424,000 after buying an additional 39,861 shares during the period. Zweig DiMenna Associates LLC boosted its holdings in Advanced Micro Devices by 127.6% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer's stock valued at $11,746,000 after acquiring an additional 40,708 shares during the period. Wedbush Securities Inc. boosted its holdings in Advanced Micro Devices by 7.8% during the 3rd quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer's stock valued at $13,632,000 after acquiring an additional 6,095 shares during the period. Highline Wealth Partners LLC grew its position in Advanced Micro Devices by 4,891.6% in the 4th quarter. Highline Wealth Partners LLC now owns 8,286 shares of the semiconductor manufacturer's stock valued at $1,775,000 after acquiring an additional 8,120 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in Advanced Micro Devices by 72.5% during the third quarter. William Blair Investment Management LLC now owns 1,047,200 shares of the semiconductor manufacturer's stock worth $169,426,000 after purchasing an additional 440,296 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 85,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the completion of the sale, the chief executive officer directly owned 3,146,006 shares of the company's stock, valued at approximately $625,331,612.62. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm's stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the transaction, the executive vice president owned 1,236,037 shares in the company, valued at approximately $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 have sold a total of 304,672 shares of company stock worth $70,135,070 in the last three months. Corporate insiders own 0.50% of the company's stock.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD’s latest earnings and guidance continue to fuel the rally, with the company beating expectations and highlighting strong data-center/AI demand. AMD, Micron shares surge on a big day for chip-sector outperformance
• Positive Sentiment: Analysts are getting more bullish after earnings, including new or raised price targets and higher EPS estimates that suggest further upside if AI server CPU demand stays strong. As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price Target
• Positive Sentiment: Wall Street commentary suggests the AI opportunity is broadening from GPUs to CPUs, which helps position AMD as a key beneficiary of the next phase of AI infrastructure spending. Wall Street sees 'changing of the guard in AI' as Intel, AMD shares soar while Nvidia lags
• Neutral Sentiment: Coverage also notes that AMD shares are drawing attention from traders and momentum investors after the stock’s sharp run, which could keep volatility elevated. What Is AMD Stock’s Minimum & Maximum Potential After Earnings?
• Negative Sentiment: Some investors are locking in gains after the huge rally, including Cathie Wood/ARK trimming AMD holdings, which may cap near-term upside. Cathie Wood Dumps More AMD Shares Despite Its Massive 108% Rally. Here's Why.

Advanced Micro Devices Trading Up 11.4%

NASDAQ AMD opened at $455.19 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $101.60 and a 12 month high of $456.29. The company has a market capitalization of $742.23 billion, a price-to-earnings ratio of 149.24, a price-to-earnings-growth ratio of 1.26 and a beta of 2.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 2.01. The firm's fifty day moving average price is $243.98 and its 200 day moving average price is $231.76.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Advanced Micro Devices's revenue for the quarter was up 37.8% on a year-over-year basis. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 5.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMD. Zacks Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Barclays increased their price objective on Advanced Micro Devices from $300.00 to $500.00 and gave the company an "overweight" rating in a research note on Wednesday. Sanford C. Bernstein upgraded Advanced Micro Devices from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $265.00 to $525.00 in a report on Wednesday. Oppenheimer cut Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a research note on Wednesday. Finally, Jefferies Financial Group downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $388.84.

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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