Atria Investments Inc Boosts Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Atria Investments Inc. increased its stake in Advanced Micro Devices by 7.0% in the fourth quarter, bringing its total holding to 38,917 shares valued at about $8.34 million.
• AMD reported strong quarterly results, with EPS of $1.37 and revenue of $10.25 billion, both above analyst expectations; revenue rose 37.8% year over year, helped by strong data center demand.
• Wall Street sentiment has turned more bullish, with several analysts raising price targets and the stock now carrying a Moderate Buy consensus target of $396.95, even as insiders sold shares in recent months.

Atria Investments Inc lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,917 shares of the semiconductor manufacturer's stock after purchasing an additional 2,544 shares during the quarter. Atria Investments Inc's holdings in Advanced Micro Devices were worth $8,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Joseph Group Capital Management purchased a new position in Advanced Micro Devices during the fourth quarter worth about $25,000. Koesten Hirschmann & Crabtree INC. boosted its holdings 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 acquiring an additional 61 shares during the period. Key Capital Management INC purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $38,000. PFS Partners LLC increased its holdings in Advanced Micro Devices by 269.2% during the 4th quarter. PFS Partners LLC now owns 192 shares of the semiconductor manufacturer's stock worth $41,000 after purchasing an additional 140 shares during the period. Finally, Aviso Financial Inc. raised its position in Advanced Micro Devices by 400.0% in 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. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 31,320 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president owned 1,236,037 shares of the company's stock, valued at approximately $432,612,950. This represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the firm's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total value of $55,688,750.00. Following the completion of the sale, the chief executive officer directly owned 3,021,899 shares in the company, valued at approximately $1,346,286,223.49. The trade was a 3.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 309,598 shares of company stock worth $105,644,316. 0.50% of the stock is owned by corporate insiders.

Key Advanced Micro Devices News

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

• Positive Sentiment: Q1 earnings and revenue both topped expectations, with data center sales up sharply on strong demand for EPYC CPUs and Instinct GPUs.
• Positive Sentiment: Several analysts raised price targets after the earnings report, citing AMD’s accelerating AI and data center growth.
• Positive Sentiment: AMD expanded FSR 4.1 support to older GPUs and introduced new Ryzen PRO 9000 offerings, reinforcing product momentum in client and gaming.

Advanced Micro Devices Trading Down 5.7%

NASDAQ:AMD opened at $424.10 on Friday. The stock has a market capitalization of $691.54 billion, a price-to-earnings ratio of 139.05, a PEG ratio of 1.34 and a beta of 2.40. Advanced Micro Devices, Inc. has a 1 year low of $107.67 and a 1 year high of $469.21. The stock has a fifty day moving average price of $273.49 and a two-hundred day moving average price of $240.52. 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 issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.Advanced Micro Devices's revenue was up 37.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. BTIG Research raised shares of Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. DA Davidson increased their price objective on shares of Advanced Micro Devices from $375.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Rosenblatt Securities raised their price objective on shares of Advanced Micro Devices from $300.00 to $490.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Needham & Company LLC upgraded shares of Advanced Micro Devices to a "buy" rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $396.95.

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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