Ameritas Investment Partners Inc. Acquires 1,684 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Ameritas Investment Partners increased its AMD stake by 1.8% in the fourth quarter, buying 1,684 shares and bringing its total to 97,043 shares worth about $20.8 million.
• AMD continues to attract major institutional interest, with firms like Vanguard, State Street, Geode, and Norges Bank also adding shares; overall, institutional investors own 71.34% of the stock.
• Fundamentals remain strong: AMD beat quarterly earnings and revenue expectations, while analysts are broadly positive, with a consensus “Moderate Buy” rating and an average target price of $419.86.

Ameritas Investment Partners Inc. lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 97,043 shares of the semiconductor manufacturer's stock after acquiring an additional 1,684 shares during the quarter. Advanced Micro Devices accounts for about 0.6% of Ameritas Investment Partners Inc.'s holdings, making the stock its 21st biggest holding. Ameritas Investment Partners Inc.'s holdings in Advanced Micro Devices were worth $20,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Advanced Micro Devices by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock valued at $33,949,256,000 after purchasing an additional 2,525,109 shares during the period. State Street Corp increased its holdings in Advanced Micro Devices by 2.4% during the 3rd quarter. State Street Corp now owns 73,824,441 shares of the semiconductor manufacturer's stock valued at $11,944,056,000 after purchasing an additional 1,755,182 shares during the period. Geode Capital Management LLC increased its holdings in Advanced Micro Devices by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock valued at $8,015,897,000 after purchasing an additional 287,525 shares during the period. Norges Bank purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $4,929,312,000. Finally, Amundi increased its holdings in Advanced Micro Devices by 17.5% during the 3rd quarter. Amundi now owns 13,486,227 shares of the semiconductor manufacturer's stock valued at $2,181,937,000 after purchasing an additional 2,012,865 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD continues to benefit from strong AI infrastructure demand, with recent coverage highlighting record data center revenue and growing adoption of EPYC and Instinct products.
• Positive Sentiment: Wall Street remains broadly constructive on AMD, with multiple buy/overweight ratings and several price targets above current levels.
• Neutral Sentiment: TSMC’s strong monthly sales reinforced that demand for AI chips remains robust across the semiconductor supply chain.
• Negative Sentiment: AMD was hit by a sector-wide semiconductor selloff as investors pulled back from high-flying chip stocks.
• Negative Sentiment: AMD’s investment in TensorWave raised concerns about circular financing and added to recent caution around AI-related capital allocation.
• Negative Sentiment: Several market commentators and analysts warned that AMD’s sharp multi-month rally may be leaving the stock vulnerable to a valuation reset.

Insider Activity

In other news, EVP Paul Darren Grasby sold 24,376 shares of the firm's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm's stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at approximately $432,612,950. The trade was 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. Over the last 90 days, insiders have sold 247,032 shares of company stock worth $101,072,366. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $452.40 on Thursday. Advanced Micro Devices, Inc. has a one year low of $115.06 and a one year high of $546.44. The company's 50-day moving average is $374.69 and its 200 day moving average is $270.50. The company has a market capitalization of $737.68 billion, a price-to-earnings ratio of 148.33, a price-to-earnings-growth ratio of 1.40 and a beta of 2.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion for 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 business's quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMD. Barclays upped their price objective on shares of Advanced Micro Devices from $500.00 to $665.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. The Goldman Sachs Group upgraded shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $240.00 to $450.00 in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Erste Group Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Thursday, April 2nd. Finally, Jefferies Financial Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $419.86.

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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