Advanced Micro Devices, Inc. $AMD Stock Holdings Cut by iA Global Asset Management Inc.

Key Points

• iA Global Asset Management trimmed its AMD stake by 3.3% in the first quarter, selling 6,711 shares and leaving it with 195,701 shares valued at about $39.8 million.
• Insider selling has been notable: CEO Lisa T. Su sold 125,000 shares and Director Nora Denzel sold 8,626 shares, with insiders unloading 378,032 shares worth roughly $161.9 million over the last 90 days.
• Wall Street sentiment is mixed, with several analysts cutting ratings recently, though AMD still carries a Moderate Buy consensus and an average price target of $448.78. The company also posted strong quarterly results, beating EPS and revenue estimates with 37.8% year-over-year revenue growth.

iA Global Asset Management Inc. cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 195,701 shares of the semiconductor manufacturer's stock after selling 6,711 shares during the quarter. iA Global Asset Management Inc.'s holdings in Advanced Micro Devices were worth $39,811,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Joseph Group Capital Management acquired a new position in Advanced Micro Devices during the fourth quarter worth about $25,000. Sarver Vrooman Wealth Advisors acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $27,000. Cornerstone Financial Management LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $27,000. Basepoint Wealth LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Aviso Financial Inc. boosted its position in shares of Advanced Micro Devices by 400.0% during the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer's stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the sale, the chief executive officer directly owned 2,896,899 shares of the company's stock, valued at $1,334,572,400.31. The trade was a 4.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 completion of the sale, the director owned 87,173 shares of the company's stock, valued at $45,504,306. The trade was a 9.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 378,032 shares of company stock worth $161,876,596. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on AMD. Barclays downgraded shares of Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a report on Friday, June 12th. Jefferies Financial Group cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Wednesday, May 6th. Citigroup lowered shares of Advanced Micro Devices from a "buy" rating to a "market perform" rating in a research report on Friday, June 12th. Roth Mkm reaffirmed a "buy" rating and issued a $500.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their price objective on Advanced Micro Devices from $325.00 to $400.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $448.78.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $580.91 on Wednesday. The company has a 50-day moving average of $456.48 and a two-hundred day moving average of $301.41. The stock has a market cap of $947.23 billion, a price-to-earnings ratio of 190.46, a PEG ratio of 1.59 and a beta of 2.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a one year low of $133.50 and a one year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm's revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Wells Fargo raised its AMD price target to $615 from $505, citing stronger server CPU demand and better long-term visibility. Article Title
• Positive Sentiment: More Wall Street firms are turning bullish on AMD as AI infrastructure spending broadens beyond Nvidia and into chip suppliers. Article Title
• Positive Sentiment: AMD’s strong AI and data center growth narrative continues to attract momentum buyers and options traders. Article Title
• Neutral Sentiment: AMD has seen unusually heavy insider selling over the past six months, which may temper some investor enthusiasm. Article Title

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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