Advanced Micro Devices, Inc. $AMD Shares Sold by IPG Investment Advisors LLC

Key Points

• IPG Investment Advisors LLC cut its AMD stake by 68% in the fourth quarter, selling 17,286 shares and leaving it with 8,117 shares valued at about $1.74 million.
• Insider selling was notable: executives Paul Darren Grasby and Forrest Eugene Norrod both sold shares, and insiders sold a total of 329,085 AMD shares worth $114.1 million over the last quarter.
• Despite the selling, AMD’s outlook remains strong, with data center revenue growth and AI-related demand driving optimism; analysts have a consensus rating of “Moderate Buy” and an average price target of $410.

IPG Investment Advisors LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 68.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,117 shares of the semiconductor manufacturer's stock after selling 17,286 shares during the quarter. IPG Investment Advisors LLC's holdings in Advanced Micro Devices were worth $1,738,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Joseph Group Capital Management acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $25,000. Koesten Hirschmann & Crabtree INC. lifted its holdings in shares of Advanced Micro Devices by 61.0% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Key Capital Management INC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $38,000. PFS Partners LLC lifted its holdings in shares of Advanced Micro Devices by 269.2% in the 4th quarter. PFS Partners LLC now owns 192 shares of the semiconductor manufacturer's stock worth $41,000 after acquiring an additional 140 shares during the last quarter. Finally, Aviso Financial Inc. lifted its holdings in shares of Advanced Micro Devices by 400.0% in the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer's stock worth $32,000 after acquiring an additional 160 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Paul Darren Grasby sold 24,376 shares of the firm's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the sale, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. This trade represents a 18.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the firm's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the sale, the executive vice president owned 324,527 shares in the company, valued at $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 329,085 shares of company stock valued at $114,051,007 over the last quarter. Company insiders own 0.50% of the company's stock.

Key Headlines Impacting Advanced Micro Devices

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMD. Mizuho increased their target price on shares of Advanced Micro Devices from $415.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, May 12th. UBS Group set a $310.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Rosenblatt Securities increased their target price on shares of Advanced Micro Devices from $300.00 to $490.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Erste Group Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Thursday, April 2nd. Finally, Truist Financial set a $478.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Two investment 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $410.00.

Advanced Micro Devices Price Performance

Shares of AMD opened at $495.54 on Thursday. Advanced Micro Devices, Inc. has a twelve month low of $108.62 and a twelve month high of $510.21. The firm's fifty day simple moving average is $315.01 and its 200-day simple moving average is $251.86. The firm has a market capitalization of $808.03 billion, a price-to-earnings ratio of 162.47, a PEG ratio of 1.48 and a beta of 2.40. 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 announced its quarterly earnings data 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. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same period last year, the business earned $0.96 EPS. The company's revenue was up 37.8% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

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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