Advanced Micro Devices, Inc. $AMD Shares Sold by Advisors Management Group Inc. ADV

Key Points

• Advisors Management Group cut its AMD stake by 20.7% in the first quarter, though it still held 25,673 shares worth about $5.22 million.
• Wall Street sentiment on AMD has improved, with several firms raising price targets on optimism around AI servers, EPYC CPUs, and data-center growth; AMD now has a consensus rating of Moderate Buy.
• AMD reported strong recent results, beating earnings and revenue expectations, while the stock was trading near $557.89 amid heavy insider selling and elevated expectations ahead of upcoming earnings.

Advisors Management Group Inc. ADV decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 20.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,673 shares of the semiconductor manufacturer's stock after selling 6,713 shares during the period. Advanced Micro Devices accounts for 1.0% of Advisors Management Group Inc. ADV's portfolio, making the stock its 28th largest position. Advisors Management Group Inc. ADV's holdings in Advanced Micro Devices were worth $5,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in Advanced Micro Devices in the fourth quarter worth $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $27,000. Sarver Vrooman Wealth Advisors bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $27,000. Basepoint Wealth LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Stifel raised its AMD price target to $635 from $450 and reiterated a Buy rating, citing AMD’s growing strength in AI servers and EPYC CPUs.
• Positive Sentiment: Goldman Sachs and other firms have also lifted targets recently, signaling rising Wall Street confidence in AMD’s AI and data-center growth. Goldman Sachs raises AMD stock price target for the rest of 2026 on surging agentic AI CPU demand
• Positive Sentiment: AMD announced a new AI campus partnership, adding another potential growth avenue tied to large-scale AI infrastructure spending. AMD Stock Rallies on a New AI Campus Partnership
• Neutral Sentiment: AMD’s upcoming Aug. 4 earnings report is creating anticipation for a possible beat-and-raise quarter, but the actual results are still pending.
• Negative Sentiment: ARK Invest continued selling AMD shares, which may temper enthusiasm among some investors. Cathie Wood Bets Big on META Ahead of Q2 Earnings, Sells AMD and Other Growth Stocks

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 24,376 shares of the company's stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president directly owned 105,222 shares in the company, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the transaction, the director directly owned 87,173 shares of the company's stock, valued at approximately $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 374,739 shares of company stock valued at $161,135,671. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on AMD shares. Wedbush lifted their price objective on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the company an "outperform" rating in a research report on Monday, May 4th. Stifel Nicolaus upped their target price on shares of Advanced Micro Devices from $450.00 to $635.00 and gave the stock a "buy" rating in a research report on Friday. TD Cowen raised their price target on shares of Advanced Micro Devices from $500.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, June 1st. Bank of America lifted their price target on Advanced Micro Devices from $500.00 to $560.00 and gave the company a "buy" rating in a report on Thursday, June 11th. Finally, Evercore reiterated an "outperform" rating and set a $579.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $458.92.

Advanced Micro Devices Stock Performance

AMD stock opened at $557.89 on Friday. The company has a 50-day simple moving average of $491.60 and a 200 day simple moving average of $318.92. The company has a market capitalization of $909.70 billion, a P/E ratio of 182.92, a PEG ratio of 1.61 and a beta of 2.47. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a fifty-two week low of $141.60 and a fifty-two week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $9.90 billion. During the same quarter last year, the company earned $0.96 EPS. Advanced Micro Devices's quarterly revenue was up 37.8% on a year-over-year basis. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current fiscal 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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