Advisors Capital Management LLC Grows Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Advisors Capital Management LLC increased its stake in Advanced Micro Devices by 15.3%, owning 61,387 shares worth about $13.15 million, while institutional investors now hold roughly 71.34% of the company.
• AMD posted a strong quarter (EPS $1.53 vs. $1.32 estimate; revenue $10.27B, up 34.1% YoY) and has seen fresh bullish momentum from analyst upgrades and sector tailwinds like Intel’s upside and new Ryzen launches.
• Despite positive catalysts, insider selling has been heavy (273,352 shares sold, ~$59.2M in the last 90 days) and valuation concerns persist with a high P/E (~131) that some analysts warn could limit upside if growth disappoints.

Advisors Capital Management LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,387 shares of the semiconductor manufacturer's stock after acquiring an additional 8,162 shares during the quarter. Advisors Capital Management LLC's holdings in Advanced Micro Devices were worth $13,147,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Equity Partners boosted its position in shares of Advanced Micro Devices by 4.8% during the 4th quarter. Golden State Equity Partners now owns 10,015 shares of the semiconductor manufacturer's stock worth $2,145,000 after acquiring an additional 458 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Advanced Micro Devices by 5.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 346,696 shares of the semiconductor manufacturer's stock worth $74,249,000 after acquiring an additional 17,219 shares in the last quarter. Courier Capital LLC raised its position in shares of Advanced Micro Devices by 5.7% during the 4th quarter. Courier Capital LLC now owns 11,997 shares of the semiconductor manufacturer's stock worth $2,569,000 after acquiring an additional 644 shares in the last quarter. Richard C. Young & CO. LTD. lifted its stake in Advanced Micro Devices by 3.4% during the fourth quarter. Richard C. Young & CO. LTD. now owns 1,982 shares of the semiconductor manufacturer's stock worth $424,000 after purchasing an additional 65 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its stake in Advanced Micro Devices by 6.6% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 178,600 shares of the semiconductor manufacturer's stock worth $38,240,000 after purchasing an additional 11,029 shares during the last quarter. Institutional investors and hedge funds own 71.34% 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: DA Davidson upgraded AMD to Buy and raised its price target to $375, giving Wall Street a fresh bullish read and helping push momentum. DA Davidson upgrade
• Positive Sentiment: Intel’s blowout quarter created a sector-wide rally that benefitted AMD (investors infer stronger CPU demand across hyperscalers), amplifying buying in AMD shares. CNBC: Intel halo lift
• Positive Sentiment: Stifel and other firms have lifted targets and the launch of the Ryzen 9 9950X3D2 (high-end CPU) strengthens AMD’s PC/gaming margins narrative—another demand/roadmap catalyst. Stifel target & Ryzen launch
• Positive Sentiment: Broader chip-market momentum is strong (SOXX notched a record win streak), signaling sustained investor interest in semiconductors and amplifying flows into AMD. SOXX streak
• Neutral Sentiment: ETF routes are highlighting AMD exposure—investors preferring diversified positions can use semiconductor ETFs (VanEck et al.) for indirect exposure. ETF exposure article
• Neutral Sentiment: GraniteShares’ YieldBOOST AMD ETF announced a weekly distribution; income-focused ETF products can attract a different buyer base but are not a direct signal on AMD fundamentals. GraniteShares distribution
• Negative Sentiment: Insider selling has been heavy recently (many disclosed sales, few/no buys), which some investors view as a cautionary signal on near-term positioning. QuiverQuant insider activity
• Negative Sentiment: Valuation and risk warnings: several articles note AMD’s rich multiples and argue other AI-chip names may offer more upside—heightening the risk if earnings or guidance disappoint. Fool valuation caution

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $347.62 on Monday. The firm has a market cap of $566.74 billion, a P/E ratio of 131.18, a P/E/G ratio of 1.26 and a beta of 1.96. Advanced Micro Devices, Inc. has a 52-week low of $91.87 and a 52-week high of $352.99. The business's 50-day moving average price is $221.80 and its 200 day moving average price is $225.10. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The firm had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. During the same period last year, the company earned $1.09 earnings per share. The company's revenue for the quarter was up 34.1% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 5.78 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the firm's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total value of $4,216,954.50. Following the completion of the transaction, the executive vice president owned 289,098 shares in the company, valued at $62,679,337.38. This trade represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 85,000 shares of the firm's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $198.77, for a total transaction of $16,895,450.00. Following the transaction, the chief executive officer owned 3,146,006 shares of the company's stock, valued at $625,331,612.62. This trade represents a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 273,352 shares of company stock worth $59,173,070. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMD. Wells Fargo & Company reiterated an "overweight" rating and issued a $345.00 price target on shares of Advanced Micro Devices in a research note on Friday, January 30th. UBS Group set a $310.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. Roth Mkm reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. Stifel Nicolaus lifted their price target on shares of Advanced Micro Devices from $280.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Finally, China Renaissance initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 13th. They issued a "buy" rating and a $291.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $296.44.

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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