Bessemer Group Inc. Grows Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Bessemer Group Inc. increased its AMD stake by 13.2% in the first quarter, ending with 46,942 shares valued at about $9.55 million.
• Analysts remain broadly positive on AMD, with several firms raising price targets; the stock currently has a consensus rating of Moderate Buy and an average price target of $468.65.
• AMD’s recent fundamentals were strong, as the company reported 37.8% year-over-year revenue growth to about $10.25 billion and beat earnings expectations, though insider selling and sector-wide chip weakness have weighed on sentiment.

Bessemer Group Inc. grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 13.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,942 shares of the semiconductor manufacturer's stock after acquiring an additional 5,473 shares during the period. Bessemer Group Inc.'s holdings in Advanced Micro Devices were worth $9,549,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMD. Joseph Group Capital Management bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $25,000. Sarver Vrooman Wealth Advisors purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $27,000. Cornerstone Financial Management LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $30,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $33,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Raymond James Financial initiated coverage on Advanced Micro Devices in a research report on Wednesday, May 6th. They set a "market perform" rating on the stock. Stifel Nicolaus raised their price objective on Advanced Micro Devices from $450.00 to $635.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. DA Davidson boosted their target price on Advanced Micro Devices from $375.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Wedbush upped their target price on Advanced Micro Devices from $290.00 to $400.00 and gave the company an "outperform" rating in a research report on Monday, May 4th. Finally, Citigroup downgraded Advanced Micro Devices from a "buy" rating to a "market perform" rating in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $468.65.

Key Advanced Micro Devices News

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

• Positive Sentiment: Wall Street remains constructive on AMD, with KeyCorp reiterating an Overweight rating and a $725 price target, while other firms like Erste Group also raised forward earnings estimates. This supports the view that AMD’s longer-term AI and data-center growth story remains intact. AMD analyst and earnings estimates
• Positive Sentiment: Investors are looking ahead to AMD’s Advancing AI 2026 event next week, where analysts expect new AI products, customer wins, and potentially major partnership news. Some reports say the event could include updates that improve sentiment around AMD’s AI opportunity and competitive position versus Nvidia. AMD Advancing AI event article
• Neutral Sentiment: AMD’s recent quarter showed strong fundamentals, with revenue up 37.8% year over year to about $10.3 billion. That provides a supportive backdrop, but it has not been enough to offset the market’s current risk-off mood toward chip stocks. AMD quarterly revenue background
• Negative Sentiment: Sentiment was also hurt by a report that Chief Technology Officer Mark Papermaster sold 6,000 shares, adding to an already heavy pattern of insider selling. Over the past six months, AMD insiders have made 100 open-market sales and no purchases, which can make some investors cautious. AMD insider sale article
• Negative Sentiment: Broader market coverage described AMD as part of a semiconductor rout, with traders taking profits after a strong run in AI stocks. That rotation is the main reason AMD shares are weaker today, even though the company’s long-term AI narrative remains intact. Chipmaker rout article

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $495.76 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The stock has a market capitalization of $808.39 billion, a price-to-earnings ratio of 162.54, a PEG ratio of 1.43 and a beta of 2.47. The firm's 50 day simple moving average is $503.89 and its 200-day simple moving average is $330.45. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $9.90 billion. During the same period in the previous year, the business posted $0.96 EPS. The business's revenue was up 37.8% compared to the same quarter last year. Analysts expect that Advanced Micro Devices, Inc. will post 6.26 EPS for the current year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 31,320 shares of the 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 of the company's stock, valued at $432,612,950. This represents a 2.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the sale, the chief executive officer owned 2,896,899 shares in the company, valued at $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 341,630 shares of company stock valued at $152,147,456 in the last ninety days. Company insiders own 0.50% of the company's stock.

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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