Advanced Micro Devices, Inc. $AMD Shares Sold by Montag A & Associates Inc.

Key Points

• Montag A & Associates cut its AMD stake by 32.1% in the second quarter, selling 7,768 shares and retaining 16,428 shares valued at approximately $9.54 million.
• Institutional investors and hedge funds own 71.34% of AMD, while company insiders own just 0.50% and sold $74.7 million worth of shares over the past 90 days.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share, beating analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $546.87.

Montag A & Associates Inc. lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 32.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,428 shares of the semiconductor manufacturer's stock after selling 7,768 shares during the period. Montag A & Associates Inc.'s holdings in Advanced Micro Devices were worth $9,543,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. Joseph Group Capital Management acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $25,000. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices during the fourth quarter worth about $27,000. Cornerstone Financial Management LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $27,000. Basepoint Wealth LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Graney & King LLC purchased a new stake in shares of Advanced Micro Devices in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD priced a record $4.75 billion senior-notes offering in four tranches maturing from 2029 through 2036. Management plans to use the capital for general corporate purposes, including expanding its AI and data-center businesses. The offering gives AMD additional financial flexibility without issuing shares, although it will increase interest expense. AMD Rises on $4.75 Billion Debt Offering
• Positive Sentiment: Analysts continue to see upside based on accelerating demand for AMD’s AI data-center processors, record data-center revenue, and potential growth in server CPUs. Reported analyst price targets reach as high as $700, supporting the bullish case despite the stock’s large year-to-date advance. AMD Stock Is Up 136% YTD. Why Wall Street Still Sees More Upside
• Positive Sentiment: A quarterly SEC filing disclosed sizable equity stakes in SpaceX and Nutanix. The investments broaden AMD’s strategic exposure to space technology and enterprise infrastructure, though the filing did not establish a direct near-term revenue impact. AMD Filing Reveals Unexpected SpaceX and Nutanix Bet

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $506.00 on Tuesday. The company's 50 day simple moving average is $512.08 and its 200-day simple moving average is $370.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a 1 year low of $149.22 and a 1 year high of $584.73. The company has a market capitalization of $826.03 billion, a price-to-earnings ratio of 130.08 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. During the same quarter last year, the company posted $0.48 EPS. The firm's quarterly revenue was up 50.1% on a year-over-year basis. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the firm's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the transaction, the director owned 87,173 shares of the company's stock, valued at approximately $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 161,077 shares of company stock valued at $74,732,145 over the last ninety days. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of recent analyst reports. Evercore restated an "outperform" rating and set a $579.00 price target on shares of Advanced Micro Devices in a report on Tuesday, May 19th. Melius Research set a $660.00 price objective on Advanced Micro Devices in a report on Friday, July 24th. Raymond James Financial started coverage on Advanced Micro Devices in a research report on Wednesday, May 6th. They issued a "market perform" rating for the company. Stifel Nicolaus raised their target price on Advanced Micro Devices from $450.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Finally, Rosenblatt Securities lifted their target price on Advanced Micro Devices from $665.00 to $700.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $546.87.

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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