Compound Planning Inc. Sells 6,206 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Compound Planning Inc. reduced its AMD stake by 14% in the fourth quarter, selling 6,206 shares and ending with 38,030 shares valued at about $8.15 million.
• AMD insiders have also been selling shares: EVP Forrest Eugene Norrod and EVP Paul Darren Grasby both disclosed sizable sales, and insiders sold 378,032 shares worth about $161.9 million over the last 90 days.
• Wall Street remains largely constructive on AMD, with an average “Moderate Buy” rating and a consensus price target around $430.68, while the company also beat earnings and revenue estimates in its latest quarter.

Compound Planning Inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,030 shares of the semiconductor manufacturer's stock after selling 6,206 shares during the quarter. Compound Planning Inc.'s holdings in Advanced Micro Devices were worth $8,145,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AMD. James J. Burns & Company LLC raised 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 in the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 0.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer's stock worth $1,052,000 after buying an additional 43 shares during the period. Willis Johnson & Associates Inc. grew its position in shares of Advanced Micro Devices by 1.9% during the 4th quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer's stock worth $493,000 after buying an additional 44 shares in the last quarter. Smith Moore & CO. increased its stake in shares of Advanced Micro Devices by 1.1% during the third quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer's stock valued at $641,000 after buying an additional 45 shares during the period. Finally, Spirepoint Private Client LLC increased its stake in shares of Advanced Micro Devices by 3.2% during the fourth quarter. Spirepoint Private Client LLC now owns 1,432 shares of the semiconductor manufacturer's stock valued at $307,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the sale, the executive vice president owned 324,527 shares in the company, valued at approximately $140,000,947.80. This represents a 5.66% 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 Paul Darren Grasby sold 24,376 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares of the company's stock, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 378,032 shares of company stock valued at $161,876,596. Corporate insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $500.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. Oppenheimer downgraded shares of Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a research report on Wednesday, May 6th. Wedbush boosted their price target on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the company an "outperform" rating in a report on Monday, May 4th. Northland Securities reaffirmed a "market perform" rating and issued a $260.00 price target on shares of Advanced Micro Devices in a research report on Monday, April 27th. Finally, Seaport Research Partners upgraded shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 price objective on the stock in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $430.68.

Advanced Micro Devices Stock Performance

AMD stock opened at $539.33 on Friday. Advanced Micro Devices, Inc. has a one year low of $126.82 and a one year high of $558.37. The firm has a market cap of $879.43 billion, a price-to-earnings ratio of 176.83, a PEG ratio of 1.50 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. The firm has a 50-day simple moving average of $411.01 and a two-hundred day simple moving average of $283.43.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 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 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 quarter in the previous year, the business posted $0.96 EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Bernstein raised its price target on AMD to $600, citing strong AI infrastructure demand and improving server CPU trends. Why Is AMD Stock Gaining Thursday?
• Positive Sentiment: Citi upgraded AMD to Buy and lifted its target to $575, pointing to potential GPU sales to Meta and broader upside in the AI server CPU market. Citi Upgrades AMD Stock to ‘Buy’ on Massive Meta GPU Sales Potential
• Positive Sentiment: AMD announced it is acquiring MEXT, a memory optimization company, which could strengthen AMD’s AI data center offerings by helping address workload bottlenecks. AMD (AMD) Buys MEXT To Tackle AI Data Center Memory Bottlenecks
• Positive Sentiment: AMD signed a definitive agreement with Rackspace to deploy 30 MW of AMD-based AI compute across Rackspace’s global data centers, expanding its enterprise AI footprint. AMD and Rackspace Team Up on a 30 MW AI Compute Agreement
• Neutral Sentiment: Some commentary warned AMD may have run too far, too fast, and another article flagged margin pressure as the company shifts deeper into AI growth bets. One Warning Signal AMD Investors Can't Miss
• Neutral Sentiment: There was also an insider sale by EVP Mark Papermaster, but it was made under a pre-arranged trading plan, limiting the negative signal for investors. Mark Papermaster Sells 6,000 Shares of Advanced Micro Devices NASDAQ: AMD Stock

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.