American Institute for Advanced Investment Management LLP Purchases Shares of 990 Advanced Micro Devices, Inc. $AMD

Key Points

• American Institute for Advanced Investment Management LLP initiated a new position in Advanced Micro Devices, buying 990 shares valued at about $201,000 in the first quarter.
• AMD continues to attract institutional interest, with institutional investors owning 71.34% of the company, even as some insiders have been selling shares over the past 90 days.
• Wall Street sentiment remains broadly positive: analysts have a Moderate Buy consensus on AMD, and recent target increases reflect optimism around AI and data center demand and stronger server CPU growth.

American Institute for Advanced Investment Management LLP purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 990 shares of the semiconductor manufacturer's stock, valued at approximately $201,000.

Other institutional investors have also recently made changes to their positions in the company. Focused Wealth Management Inc grew its holdings in shares of Advanced Micro Devices by 2.7% during the first quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer's stock worth $291,000 after purchasing an additional 37 shares in the last quarter. James J. Burns & Company LLC grew its position in Advanced Micro Devices by 2.3% in the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer's stock worth $389,000 after acquiring an additional 40 shares in the last quarter. Private Wealth Management Group LLC increased its stake in Advanced Micro Devices by 24.8% in the first quarter. Private Wealth Management Group LLC now owns 201 shares of the semiconductor manufacturer's stock valued at $41,000 after acquiring an additional 40 shares during the last quarter. Yoder Wealth Management Inc. raised its position in Advanced Micro Devices by 3.7% during the first quarter. Yoder Wealth Management Inc. now owns 1,158 shares of the semiconductor manufacturer's stock valued at $236,000 after purchasing an additional 41 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 0.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer's stock worth $1,052,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMD shares. Citigroup cut Advanced Micro Devices from a "buy" rating to a "market perform" rating in a report on Friday, June 12th. Wedbush upped their target price on Advanced Micro Devices from $290.00 to $400.00 and gave the stock an "outperform" rating in a research note on Monday, May 4th. The Goldman Sachs Group upgraded shares of Advanced Micro Devices from a "buy" rating to a "buy" rating in a research report on Friday, June 12th. Bank of America lifted their price target on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the stock a "buy" rating in a research note on Thursday, June 11th. Finally, Rosenblatt Securities boosted their price objective on shares of Advanced Micro Devices from $300.00 to $490.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Two 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $448.78.

Key Advanced Micro Devices News

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

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the transaction, the chief executive officer owned 2,896,899 shares of the company's stock, valued at $1,334,572,400.31. This represents a 4.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 31,320 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the sale, the executive vice president owned 1,236,037 shares of the company's stock, valued at approximately $432,612,950. This trade represents a 2.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 378,032 shares of company stock worth $161,876,596 over the last 90 days. 0.50% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $580.91 on Wednesday. The company's fifty day simple moving average is $456.48 and its two-hundred day simple moving average is $301.41. Advanced Micro Devices, Inc. has a 12-month low of $133.50 and a 12-month high of $584.73. The firm has a market cap of $947.23 billion, a PE ratio of 190.46, a price-to-earnings-growth ratio of 1.59 and a beta of 2.50. 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 quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company's quarterly revenue was up 37.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

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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