AG2R LA Mondiale Gestion D Actifs Boosts Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• AG2R LA Mondiale Gestion D Actifs increased its AMD stake by 6.2% in the fourth quarter, ending with 64,341 shares valued at about $13.8 million.
• AMD continues to draw strong institutional and analyst support, with 71.34% of shares held by institutions and several firms raising price targets or upgrading the stock after earnings.
• The company posted a strong quarterly beat, reporting $1.37 EPS on $10.25 billion in revenue, while management and Wall Street commentary point to robust data-center and AI demand as a key growth driver.

AG2R LA Mondiale Gestion D Actifs raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,341 shares of the semiconductor manufacturer's stock after purchasing an additional 3,779 shares during the period. Advanced Micro Devices comprises 0.6% of AG2R LA Mondiale Gestion D Actifs' portfolio, making the stock its 24th biggest position. AG2R LA Mondiale Gestion D Actifs' holdings in Advanced Micro Devices were worth $13,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Joseph Group Capital Management bought a new stake in Advanced Micro Devices during the 4th quarter valued at $25,000. ORG Wealth Partners LLC raised its position in Advanced Micro Devices by 39.7% during the 3rd quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 46 shares in the last quarter. Koesten Hirschmann & Crabtree INC. raised its position in Advanced Micro Devices by 61.0% during the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Aviso Financial Inc. raised its position in 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. Finally, Delos Wealth Advisors LLC raised its position in Advanced Micro Devices by 100.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer's stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 125,000 shares of the business's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $214.36, for a total transaction of $26,795,000.00. Following the transaction, the chief executive officer directly owned 3,152,476 shares in the company, valued at $675,764,755.36. The trade was a 3.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Darren Grasby sold 7,500 shares of the business's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the transaction, the executive vice president owned 129,598 shares in the company, valued at approximately $26,550,742.26. This trade represents a 5.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 304,672 shares of company stock valued at $70,135,070 in the last 90 days. Corporate insiders own 0.50% of the company's stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD’s latest earnings and guidance continue to fuel the rally, with the company beating expectations and highlighting strong data-center/AI demand. AMD, Micron shares surge on a big day for chip-sector outperformance
• Positive Sentiment: Analysts are getting more bullish after earnings, including new or raised price targets and higher EPS estimates that suggest further upside if AI server CPU demand stays strong. As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price Target
• Positive Sentiment: Wall Street commentary suggests the AI opportunity is broadening from GPUs to CPUs, which helps position AMD as a key beneficiary of the next phase of AI infrastructure spending. Wall Street sees 'changing of the guard in AI' as Intel, AMD shares soar while Nvidia lags
• Neutral Sentiment: Coverage also notes that AMD shares are drawing attention from traders and momentum investors after the stock’s sharp run, which could keep volatility elevated. What Is AMD Stock’s Minimum & Maximum Potential After Earnings?
• Negative Sentiment: Some investors are locking in gains after the huge rally, including Cathie Wood/ARK trimming AMD holdings, which may cap near-term upside. Cathie Wood Dumps More AMD Shares Despite Its Massive 108% Rally. Here's Why.

Advanced Micro Devices Stock Performance

AMD opened at $455.19 on Monday. The firm has a market cap of $742.23 billion, a price-to-earnings ratio of 149.24, a PEG ratio of 1.40 and a beta of 2.40. 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 $101.60 and a 12 month high of $456.29. The stock has a fifty day moving average price of $243.98 and a 200-day moving average price of $231.76.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results 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 return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same period in the previous year, the company posted $0.96 EPS. The business's revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Sanford C. Bernstein raised Advanced Micro Devices from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $265.00 to $525.00 in a research report on Wednesday. HSBC lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and lifted their target price for the company from $335.00 to $340.00 in a research report on Monday, May 4th. Seaport Research Partners raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 target price for the company in a research report on Wednesday, May 6th. Phillip Securities raised Advanced Micro Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Sunday, February 8th. Finally, Stifel Nicolaus boosted their price target on Advanced Micro Devices from $320.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $388.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.