Advanced Micro Devices, Inc. $AMD Shares Sold by Journey Advisory Group LLC

Key Points

• Journey Advisory Group LLC cut its AMD stake by 23.9% in the first quarter, selling 1,050 shares and leaving it with 3,349 shares worth about $681,000.
• AMD reported better-than-expected quarterly results, with EPS of $1.37 versus the $1.29 estimate and revenue of $10.25 billion versus $9.90 billion expected. Revenue jumped 37.8% from a year earlier.
• Analysts remain broadly positive on AMD despite some recent volatility, with the stock carrying a consensus rating of “Moderate Buy” and an average price target of $468.65.

Journey Advisory Group LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 23.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,349 shares of the semiconductor manufacturer's stock after selling 1,050 shares during the period. Journey Advisory Group LLC's holdings in Advanced Micro Devices were worth $681,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. Norges Bank purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth $4,929,312,000. Jennison Associates LLC lifted its position in Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock worth $2,336,552,000 after buying an additional 7,035,991 shares during the period. Cardano Risk Management B.V. acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $1,000,783,000. Wellington Management Group LLP boosted its stake in Advanced Micro Devices by 335.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock worth $784,330,000 after buying an additional 3,735,807 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Advanced Micro Devices by 340.1% in the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock valued at $1,016,796,000 after buying an additional 3,669,054 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

AMD opened at $500.94 on Friday. The company has a market capitalization of $816.83 billion, a P/E ratio of 164.24, a PEG ratio of 1.55 and a beta of 2.47. The company has a 50-day moving average of $503.08 and a 200-day moving average of $328.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly 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. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company's revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period last year, the firm earned $0.96 earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post 6.18 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related 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 transaction of $10,832,450.64. Following the sale, the executive vice president directly owned 105,222 shares of the company's stock, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 31,320 shares of the company's stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at approximately $432,612,950. This 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 341,630 shares of company stock worth $152,147,456 over the last quarter. 0.50% of the stock is owned by corporate insiders.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Wall Street analysts continue raising AMD price targets, signaling confidence in the company’s long-term AI growth story and earnings potential. AMD Stock Price Outlook – Analysts Keep Raising Price Targets Despite the Pullback
• Positive Sentiment: AMD named Alan Smith as a new Corporate Fellow, reinforcing its technical depth in GPU and AI computing. AMD Appoints Alan Smith as Newest Corporate Fellow
• Neutral Sentiment: Recent commentary continues to frame AMD as a major beneficiary of the AI infrastructure buildout, but those long-term themes are being overshadowed by near-term volatility. Nvidia vs. AMD vs. Cerebras: Which Is the Best AI Inference Stock to Buy Today?
• Negative Sentiment: AMD is being hit by a broader semiconductor pullback as investors worry about a possible slowdown in AI spending and take profits after a strong rally. What's driving Intel, AMD stocks down 'again' on Thursday?
• Negative Sentiment: Technical analysis articles suggest AMD may have broken support and could face a deeper pullback if key moving averages fail to hold. Advanced Micro (AMD) Price Forecast: Is a Larger Pullback About to Begin?

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial set a $478.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Melius Research set a $540.00 target price on shares of Advanced Micro Devices in a report on Monday, May 18th. Erste Group Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Thursday, April 2nd. 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. Finally, Mizuho lifted their price target on shares of Advanced Micro Devices from $515.00 to $615.00 and gave the company an "outperform" rating in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $468.65.

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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