Grey Ledge Advisors LLC Decreases Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Grey Ledge Advisors LLC cut its AMD position by 5.9% in Q1, selling 1,735 shares and ending with 27,470 shares worth about $5.59 million.
• AMD reported strong quarterly results, with EPS of $1.37 and revenue of $10.25 billion, both ahead of estimates; revenue was up 37.8% from a year earlier.
• Wall Street sentiment remains mostly positive on AMD, with several firms raising price targets and the stock drawing attention for its AI server and data center growth potential, though insiders have also sold shares recently.

Grey Ledge Advisors LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 27,470 shares of the semiconductor manufacturer's stock after selling 1,735 shares during the quarter. Advanced Micro Devices accounts for about 1.3% of Grey Ledge Advisors LLC's portfolio, making the stock its 21st biggest holding. Grey Ledge Advisors LLC's holdings in Advanced Micro Devices were worth $5,588,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $27,000. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $27,000. Basepoint Wealth LLC acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $30,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: UBS raised its AMD price target to $670, reinforcing the bullish case around data center growth and long-term revenue expansion. 5-star analyst sets jaw-dropping AMD stock price target
• Positive Sentiment: Analysts and research firms continue to highlight AMD’s AI server CPU momentum and rising data center revenues, which could support further upside if execution stays strong. AMD's Supercomputing Gains Fuel AI Data Center Growth: What's Ahead?
• Positive Sentiment: Gartner called AMD “the company to beat” for enterprise AI server CPUs, adding credibility to the company’s competitive position in a key growth market. Gartner Says AMD Is the ‘Company to Beat for Enterprise AI Server CPUs’
• Positive Sentiment: Micron’s blowout earnings lifted optimism across AI infrastructure spending, which can spill over to AMD as investors reassess demand for semis tied to the AI buildout. Why Is AMD Stock Gaining Thursday?
• Neutral Sentiment: Multiple articles compared AMD with Nvidia and other AI chip peers, but most emphasized that Nvidia still leads on growth and margins, keeping AMD’s valuation debate alive rather than clearly changing the fundamentals. Battle of the Artificial Intelligence (AI) Computing Companies: Is AMD, Broadcom, Nvidia, or Marvell the Best Stock to Buy Now?
• Neutral Sentiment: Broad AI-chip enthusiasm remains intact, but a separate note said the broader semiconductor complex did not fully participate in Micron’s rally, so sector momentum is helping AMD only indirectly. Why Micron earnings aren't driving Intel, AMD shares higher?

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of the business's 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 sale, the executive vice president owned 1,236,037 shares of the company's stock, valued at $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the company's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the transaction, the executive vice president owned 105,222 shares in the company, valued at $46,759,604.58. This trade represents a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 378,032 shares of company stock worth $161,876,596. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Stock Up 2.5%

Shares of AMD opened at $532.57 on Friday. The company's 50-day moving average price is $439.94 and its 200 day moving average price is $294.52. Advanced Micro Devices, Inc. has a 12-month low of $133.50 and a 12-month high of $562.99. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The firm has a market cap of $868.41 billion, a P/E ratio of 174.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same quarter last year, the firm posted $0.96 earnings per share. Advanced Micro Devices's revenue was up 37.8% compared to the same quarter last year. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMD. Wells Fargo & Company raised their target price on Advanced Micro Devices from $345.00 to $505.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. Wedbush boosted their price target on Advanced Micro Devices from $290.00 to $400.00 and gave the stock an "outperform" rating in a research report on Monday, May 4th. Zacks Research downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 3rd. Benchmark raised their price objective on Advanced Micro Devices from $325.00 to $485.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Finally, TD Cowen lifted their target price on shares of Advanced Micro Devices from $500.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $440.41.

Advanced Micro Devices 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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