DUTCH ASSET Corp Purchases Shares of 43,460 Advanced Micro Devices, Inc. $AMD

Key Points

• DUTCH ASSET Corp opened a new position in Advanced Micro Devices, buying 43,460 shares worth about $9.3 million. AMD is now the firm’s 3rd-largest holding, making up roughly 7.2% of its portfolio.
• AMD continues to attract heavy institutional interest, with 71.34% of shares owned by institutions and hedge funds. Several other funds also reported new stakes in the semiconductor maker during the fourth quarter.
• The company posted strong quarterly results, including earnings of $1.37 per share and revenue of $10.25 billion, both above expectations. Analysts remain broadly bullish, with multiple price-target raises and an average target of about $430.68, while recent headlines highlight AI-driven growth but also some valuation caution.

DUTCH ASSET Corp acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 43,460 shares of the semiconductor manufacturer's stock, valued at approximately $9,307,000. Advanced Micro Devices makes up approximately 7.2% of DUTCH ASSET Corp's portfolio, making the stock its 3rd largest position.

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

Advanced Micro Devices Stock Up 0.4%

Shares of NASDAQ:AMD opened at $539.33 on Friday. The business's 50 day moving average is $417.16 and its 200 day moving average is $285.22. Advanced Micro Devices, Inc. has a 12-month low of $126.82 and a 12-month high of $558.37. The stock has a market cap of $879.43 billion, a price-to-earnings ratio of 176.83, a PEG ratio of 1.57 and a beta of 2.50. 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 (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion for 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%.The business's revenue was up 37.8% on a year-over-year basis. During the same period last year, the business earned $0.96 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AMD shares. JPMorgan Chase & Co. boosted their target price on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Northland Securities restated a "market perform" rating and issued a $260.00 price target on shares of Advanced Micro Devices in a report on Monday, April 27th. Sanford C. Bernstein set a $600.00 price target on shares of Advanced Micro Devices and gave the company an "outperform" rating in a research note on Wednesday. KeyCorp increased their price objective on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 6th. Finally, Bank of America raised their target price on Advanced Micro Devices from $500.00 to $560.00 and gave the company a "buy" rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $430.68.

Trending Headlines about Advanced Micro Devices

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-market conditions, reinforcing the bullish case for the stock. Why Is AMD Stock Gaining Thursday?
• Positive Sentiment: AMD and Rackspace signed a definitive agreement to deploy 30 MW of AMD-based AI compute across Rackspace’s data centers, a win that could expand AMD’s presence in regulated enterprise cloud workloads. Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom (AMD)
• Positive Sentiment: AMD’s acquisition of MEXT is being viewed as strategically important because it could help address AI data-center memory bottlenecks and strengthen the company’s AI stack. AMD (AMD) Buys MEXT To Tackle AI Data Center Memory Bottlenecks
• Neutral Sentiment: Several analyst and investor articles continue to highlight AMD’s strong year-to-date rally, but also warn that the stock is trading near all-time highs and may be fully valued, which could temper upside near term. Buy, Hold, or Sell: AMD Rested Near All-Time Highs as Kevin Warsh Opened His First Fed Meeting. Is AMD Stock a Buy at $507?
• Neutral Sentiment: Market commentary from today also points to AMD as a preferred semiconductor alternative versus Intel, but the note is more about sector positioning than a direct company-specific catalyst. Analyst Warns Intel Valuation ‘Doesn't Make Sense.' Suggests NVIDIA, AMD, Micron, and Broadcom as Alternatives.
• Negative Sentiment: Some recent coverage warns AMD has likely risen too far, too fast, which could invite profit-taking if investors become more cautious about valuation. One Warning Signal AMD Investors Can't Miss

Insider Buying and Selling

In related news, Director Nora Denzel sold 8,626 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the transaction, the director directly owned 87,173 shares of the company's stock, valued at $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 125,000 shares of the business's 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 owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 378,032 shares of company stock valued at $161,876,596 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

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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