Flputnam Investment Management Co. Decreases Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Flputnam Investment Management Co. cut its AMD stake by 9.7% in the fourth quarter, selling 1,640 shares and ending the period with 15,322 shares valued at about $3.28 million.
• AMD reported better-than-expected quarterly results, with EPS of $1.37 versus $1.29 expected and revenue of $10.25 billion versus $9.90 billion estimated. Revenue rose 37.8% year over year, underscoring continued growth momentum.
• Analyst sentiment remains broadly positive: multiple firms reiterated or raised views, and the stock carries a Moderate Buy consensus with an average price target of $410, even as the shares trade at elevated levels.

Flputnam Investment Management Co. lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,322 shares of the semiconductor manufacturer's stock after selling 1,640 shares during the period. Flputnam Investment Management Co.'s holdings in Advanced Micro Devices were worth $3,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Joseph Group Capital Management purchased a new position in Advanced Micro Devices in the 4th quarter valued at $25,000. Koesten Hirschmann & Crabtree INC. lifted its holdings in Advanced Micro Devices by 61.0% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Aviso Financial Inc. lifted its holdings in Advanced Micro Devices by 400.0% in the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer's stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Delos Wealth Advisors LLC lifted its holdings in Advanced Micro Devices by 100.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer's stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA lifted its holdings in Advanced Micro Devices by 74.1% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 235 shares of the semiconductor manufacturer's stock valued at $38,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several analyst reports. Needham & Company LLC upgraded Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Advanced Micro Devices from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, May 6th. Oppenheimer lowered Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a report on Wednesday, May 6th. UBS Group set a $310.00 price target on Advanced Micro Devices in a report on Wednesday, February 4th. Finally, KeyCorp lifted their price target on Advanced Micro Devices from $330.00 to $530.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $410.00.

Advanced Micro Devices Stock Down 1.7%

Shares of AMD opened at $495.54 on Thursday. The firm has a market cap of $808.03 billion, a P/E ratio of 162.47, a price-to-earnings-growth ratio of 1.48 and a beta of 2.40. Advanced Micro Devices, Inc. has a 12-month low of $108.62 and a 12-month high of $510.21. The company's 50-day moving average price is $315.01 and its 200 day moving average price is $251.86. 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 (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 the consensus estimate of $1.29 by $0.08. The firm 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 previous year, the firm 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 year.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD’s data center business remains a major growth engine, with one recent write-up highlighting 57% year-over-year data center revenue growth to $5.78 billion, driven by EPYC CPU demand and ramping Instinct AI products. Article title
• Positive Sentiment: AMD got a lift from a new OneQode collaboration to deploy AMD Instinct MI355X GPUs and plan for AMD’s Helios rack-scale solution, reinforcing demand for its AI infrastructure products. Article title
• Positive Sentiment: Analyst commentary remains constructive, with multiple recent notes describing AMD as a beneficiary of the AI spending cycle and highlighting upside tied to continued data center and CPU gains. Article title
• Neutral Sentiment: Some articles focused on AMD’s rapid valuation expansion and the question of whether the stock can become a trillion-dollar company, which keeps expectations high but does not change the near-term growth story. Article title
• Negative Sentiment: Sentiment was pressured by reports that Cathie Wood continued trimming AMD exposure, and by concerns that Nvidia could move into the standalone server CPU market, increasing competitive pressure on AMD’s growth areas. Article title Article title

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction dated 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 transaction, the executive vice president directly owned 1,236,037 shares of the company's stock, valued at $432,612,950. The trade was 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, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares of the company's stock, valued at approximately $140,000,947.80. This represents a 5.66% 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. In the last 90 days, insiders sold 329,085 shares of company stock valued at $114,051,007. 0.50% of the stock is owned by insiders.

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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