Bleakley Financial Group LLC Buys 2,643 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Bleakley Financial Group LLC increased its AMD stake by 7.3% in the first quarter, buying 2,643 additional shares and bringing its total holdings to 38,936 shares worth about $7.9 million.
• AMD posted strong quarterly results, beating expectations with EPS of $1.37 and revenue of $10.25 billion, as revenue rose 37.8% year over year.
• Analyst sentiment remains mostly positive, with several firms raising price targets on AMD amid optimism around its AI and server businesses; MarketBeat shows a consensus rating of “Moderate Buy.”

Bleakley Financial Group LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,936 shares of the semiconductor manufacturer's stock after buying an additional 2,643 shares during the quarter. Bleakley Financial Group LLC's holdings in Advanced Micro Devices were worth $7,921,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Columbia Bank raised its position in shares of Advanced Micro Devices by 0.7% during the first quarter. Columbia Bank now owns 5,188 shares of the semiconductor manufacturer's stock worth $1,055,000 after acquiring an additional 34 shares during the last quarter. Evolution Wealth Management Inc. boosted its holdings in Advanced Micro Devices by 11.0% in the first quarter. Evolution Wealth Management Inc. now owns 352 shares of the semiconductor manufacturer's stock valued at $72,000 after acquiring an additional 35 shares during the last quarter. Focused Wealth Management Inc increased its position in Advanced Micro Devices by 2.7% during the 1st quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer's stock valued at $291,000 after purchasing an additional 37 shares during the period. James J. Burns & Company LLC increased its position in Advanced Micro Devices by 2.3% during the 4th quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer's stock valued at $389,000 after purchasing an additional 40 shares during the period. Finally, Private Wealth Management Group LLC raised its holdings in Advanced Micro Devices by 24.8% during the 1st quarter. Private Wealth Management Group LLC now owns 201 shares of the semiconductor manufacturer's stock worth $41,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $548.13 on Wednesday. The company has a fifty day moving average of $499.06 and a 200-day moving average of $324.25. The firm has a market capitalization of $893.78 billion, a P/E ratio of 179.72, a P/E/G ratio of 1.57 and a beta of 2.47. 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, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73.

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 (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. Advanced Micro Devices's revenue was up 37.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.18 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 6,000 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the transaction, the executive vice president owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock in a transaction dated 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 transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at $1,334,572,400.31. This trade represents a 4.14% 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. In the last quarter, insiders sold 368,739 shares of company stock valued at $159,602,431. 0.50% of the stock is owned by insiders.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Several analysts raised price targets on AMD, including Bank of America to $620 and KeyBanc to $725, reinforcing the view that the stock still has meaningful upside tied to its AI and server businesses. Benzinga report on Bank of America target hike
• Positive Sentiment: Investors are also reacting to expectations that AMD could deliver a beat-and-raise quarter, with Bank of America citing surging demand for EPYC CPUs and AI accelerators. Barchart article on AMD beat-and-raise expectations
• Positive Sentiment: Broader semiconductor shares rebounded after Monday’s selloff as war and supply-chain fears eased, lifting AMD along with peers like Nvidia and Intel. Yahoo Finance article on chip rebound
• Positive Sentiment: Reports that AMD is following Nvidia’s playbook in AI infrastructure, plus news of its AI Developer Program and other AI ecosystem activity, added to optimism that AMD is strengthening its long-term competitive position in AI. Barchart article on AMD following Nvidia’s playbook
• Neutral Sentiment: AMD also benefited from a positive shift in China’s AI chips outlook, which helped improve the tone across the semiconductor sector. TipRanks article on China AI chips scenario
• Negative Sentiment: Some reports still point to near-term volatility, including recent selling pressure from macro and geopolitical worries, even as the stock has since bounced. Benzinga article on AMD drop from supply-chain fears

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Sunday. Needham & Company LLC upgraded shares of Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Mizuho lifted their target price on shares of Advanced Micro Devices from $515.00 to $615.00 and gave the stock an "outperform" rating in a research note on Monday, June 1st. 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, KeyCorp upped their price target on shares of Advanced Micro Devices from $530.00 to $725.00 and gave the company an "overweight" rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $467.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.