Allen Investment Management LLC Purchases 2,274 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Allen Investment Management LLC increased its AMD stake by 1.2% in the fourth quarter, buying 2,274 additional shares and bringing its total position to 186,536 shares valued at about $39.95 million.
• AMD’s business performance remains strong: the company recently reported quarterly EPS of $1.37, beating estimates, on revenue of $10.25 billion, up 37.8% year over year.
• Wall Street sentiment is mostly positive, with several analysts raising price targets, including Mizuho to $615, while the stock still faces risks from tougher competition and new U.S. export restrictions on chip sales to China-related entities.

Allen Investment Management LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,536 shares of the semiconductor manufacturer's stock after buying an additional 2,274 shares during the period. Allen Investment Management LLC's holdings in Advanced Micro Devices were worth $39,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $25,000. Koesten Hirschmann & Crabtree INC. increased its stake in Advanced Micro Devices by 61.0% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 61 shares in the last quarter. Basepoint Wealth LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $30,000. Aviso Financial Inc. boosted its stake in shares of Advanced Micro Devices by 400.0% in the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer's stock worth $32,000 after acquiring an additional 160 shares during the period. Finally, Delos Wealth Advisors LLC grew its position in shares of Advanced Micro Devices by 100.0% during the third quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer's stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 1.2%

Shares of NASDAQ:AMD opened at $510.13 on Tuesday. The business's 50 day moving average is $333.88 and its 200 day moving average is $257.70. The stock has a market cap of $831.82 billion, a P/E ratio of 167.26, a price-to-earnings-growth ratio of 1.52 and a beta of 2.40. Advanced Micro Devices, Inc. has a 52-week low of $111.01 and a 52-week high of $527.20. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates 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 business 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. Advanced Micro Devices's revenue was up 37.8% on a year-over-year basis. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Mizuho raised its price target on AMD to $615 and kept an outperform rating, signaling continued analyst confidence in the stock’s upside.
• Positive Sentiment: AMD extended AM5 platform support through 2029 and introduced new Ryzen X3D gaming chips, which may help sustain demand in its PC lineup. What's Going On With AMD Stock Monday?
• Positive Sentiment: AMD joined DriveNets as an investor in the networking software firm’s $410 million funding round, highlighting AMD’s exposure to surging demand for AI infrastructure. DriveNets secures $410 million in latest funding round, AMD joins as investor
• Neutral Sentiment: AMD’s Taiwan AI commitment and Venice EPYC production ramp reinforce its long-term AI/data-center growth strategy, but these are more about execution than an immediate stock catalyst.
• Negative Sentiment: Nvidia’s launch of the RTX Spark PC chip is seen as a direct challenge to AMD’s core PC processor business, and investors are weighing the risk of tougher competition in AI PCs. Nvidia Just Derailed the Chip Rally. Intel, AMD Are Falling Sharply.
• Negative Sentiment: New U.S. export guidance tightening chip shipments to Chinese entities overseas could limit some AI chip sales opportunities, including for AMD’s MI350x. Nvidia and AMD face new export limits on China subsidiaries

Analyst Ratings Changes

Several equities analysts recently weighed in on AMD shares. Sanford C. Bernstein raised shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and raised their target price for the company from $265.00 to $525.00 in a research note on Wednesday, May 6th. HSBC cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and boosted their price target for the stock from $335.00 to $340.00 in a research note on Monday, May 4th. Erste Group Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Thursday, April 2nd. Mizuho lifted their target price on Advanced Micro Devices from $515.00 to $615.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Roth Mkm reiterated a "buy" rating and set a $500.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $419.86.

Insider Buying and Selling 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 stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the sale, the executive vice president owned 324,527 shares in the company, valued at $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The sale 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, EVP Paul Darren Grasby sold 24,376 shares of the business's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president owned 105,222 shares of the company's stock, valued at $46,759,604.58. This trade represents a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 329,085 shares of company stock worth $114,051,007 over the last ninety days. 0.50% of the stock is owned by insiders.

About Advanced Micro Devices

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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