AFT Forsyth & Company Inc. Acquires New Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• AFT Forsyth & Company Inc. disclosed a new stake in Advanced Micro Devices, buying 1,182 shares worth about $253,000 in the fourth quarter.
• AMD has seen bullish analyst action, with firms like Citi, Bank of America, Mizuho and others raising targets and highlighting upside from AI GPUs and broader AI hardware demand. The stock now carries a consensus Moderate Buy rating and an average price target of $424.59.
• The company reported better-than-expected quarterly results, including EPS of $1.37 on revenue of $10.25 billion, and revenue rose 37.8% year over year. Despite strong operating momentum, recent insider selling has been notable.

AFT Forsyth & Company Inc. acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,182 shares of the semiconductor manufacturer's stock, valued at approximately $253,000.

Several other hedge funds also recently bought and sold shares of the company. Aigen Investment Management LP grew its stake in Advanced Micro Devices by 53.2% in the 4th quarter. Aigen Investment Management LP now owns 10,759 shares of the semiconductor manufacturer's stock worth $2,304,000 after buying an additional 3,734 shares in the last quarter. Altrafin AG purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $2,857,000. Aptus Capital Advisors LLC grew its stake in Advanced Micro Devices by 2.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 100,822 shares of the semiconductor manufacturer's stock worth $21,592,000 after buying an additional 2,341 shares in the last quarter. Cordoba Advisory Partners LLC purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $396,000. Finally, Burton Enright Welch purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Citi upgraded AMD and argued that the market is underpricing its AI GPU upside, boosting confidence in the stock’s AI-driven growth path.
• Positive Sentiment: Bank of America also raised its outlook on AMD, calling it a top CPU pick and pointing to a large agentic AI opportunity across servers and accelerators.
• Positive Sentiment: Multiple reports highlighted rising GPU market-share data and stronger investor focus on AMD’s expanding role in AI hardware, helping semiconductor stocks rally broadly.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMD. Oppenheimer cut shares of Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a research note on Wednesday, May 6th. Mizuho upped their price objective on shares of Advanced Micro Devices from $515.00 to $615.00 and gave the company an "outperform" rating in a research note on Monday, June 1st. Bank of America upped their price objective on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the company a "buy" rating in a research note on Thursday. Morgan Stanley upped their price objective on shares of Advanced Micro Devices from $360.00 to $410.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 6th. Finally, DA Davidson upped their price target on shares of Advanced Micro Devices from $375.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $424.59.

Advanced Micro Devices Stock Up 4.7%

Shares of NASDAQ AMD opened at $511.57 on Friday. 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, Inc. has a 12 month low of $115.06 and a 12 month high of $546.44. The firm has a market capitalization of $834.17 billion, a PE ratio of 167.73, a price-to-earnings-growth ratio of 1.50 and a beta of 2.50. The firm has a fifty day simple moving average of $386.41 and a two-hundred day simple moving average of $274.18.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $9.90 billion. During the same period in the prior year, the business earned $0.96 EPS. The company's revenue for the quarter was up 37.8% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the company's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the sale, the executive vice president directly owned 324,527 shares of the company's stock, valued at $140,000,947.80. This represents a 5.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 company's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 372,032 shares of company stock worth $158,658,616. 0.50% of the stock is owned by insiders.

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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