Burney Co. Sells 1,410 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Burney Co. trimmed its AMD stake by 8.5% in the first quarter, selling 1,410 shares and leaving it with 15,170 shares valued at about $3.09 million.
• AMD posted solid quarterly results, with earnings of $1.37 per share beating estimates and revenue of $10.25 billion topping expectations, up 37.8% from a year earlier.
• Analysts remain mostly positive on AMD despite recent volatility, with several firms raising price targets and the stock receiving a consensus “Moderate Buy” rating.

Burney Co. lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,170 shares of the semiconductor manufacturer's stock after selling 1,410 shares during the period. Burney Co.'s holdings in Advanced Micro Devices were worth $3,086,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Columbia Bank grew 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 purchasing an additional 34 shares in the last quarter. Evolution Wealth Management Inc. lifted its holdings in Advanced Micro Devices by 11.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 352 shares of the semiconductor manufacturer's stock worth $72,000 after purchasing an additional 35 shares in the last quarter. Focused Wealth Management Inc boosted its stake in Advanced Micro Devices by 2.7% in the 1st 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 during the period. James J. Burns & Company LLC boosted its stake in Advanced Micro Devices by 2.3% in the 4th quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer's stock worth $389,000 after purchasing an additional 40 shares during the period. Finally, Private Wealth Management Group LLC grew 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 valued at $41,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 6.5%

AMD opened at $516.11 on Wednesday. The stock has a 50-day moving average of $479.06 and a 200 day moving average of $312.66. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 12 month low of $135.91 and a 12 month high of $584.73. The firm has a market cap of $841.57 billion, a P/E ratio of 169.22, a P/E/G ratio of 1.63 and a beta of 2.47.

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, beating analysts' consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company's quarterly revenue was up 37.8% compared to the same quarter last year. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Goldman Sachs and Wells Fargo both raised their AMD price targets, citing stronger-than-expected server CPU demand and continued upside from AMD’s EPYC/data center business. Goldman Sachs resets AMD stock price target for the rest of 2026
• Positive Sentiment: AMD announced a new autonomous-driving customer, Turing, and said the startup is using AMD GPUs for part of its AI training, adding another real-world use case for its AI accelerators. AMD Just Scored a New Autonomous Driving Customer. It’s Aiming at Nvidia in Another Arena.
• Positive Sentiment: Recent coverage highlighted AMD’s expanding AI footprint, including Ryzen AI momentum and the stock’s growing appeal as investors look for more upside in data center and AI-related chips. AMD Ryzen Strengthens Agentic AI Footprint: More Upside Ahead?
• Neutral Sentiment: AMD’s recent gains and valuation remain a focal point, with commentary noting the stock has run far enough that investors are debating whether much of the AI upside is already reflected in the share price. Will AMD Be a $1 Trillion Company Before 2026 Is Over?
• Negative Sentiment: The main pressure on AMD came from a broad chip-sector pullback, with tech and AI stocks selling off on profit-taking and worries about stretched valuations. Here’s Why Advanced Micro Devices (AMD) Fell More Than Broader Market
• Negative Sentiment: Michael Burry’s reported short bets against Nvidia, Micron, and AMD added to cautious sentiment around the AI infrastructure trade. Michael Burry Just Revealed His Next Big Short, and It's a Bet Against Nvidia, Micron, and AMD

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were 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 approximately $1,334,572,400.31. This represents a 4.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 in the company, valued at approximately $432,612,950. The trade was a 2.47% 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. Over the last three months, insiders have sold 374,739 shares of company stock valued at $161,135,671. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group boosted their target price on shares of Advanced Micro Devices from $455.00 to $670.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. KeyCorp boosted their price target on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Erste Group Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Thursday, April 2nd. Seaport Research Partners upgraded Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 target price on the stock in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $270.00 to $385.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.92.

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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