GRIMES & Co WEALTH MANAGEMENT LLC Sells 22,530 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC cut its AMD stake by 19.9%, selling 22,530 shares and retaining 90,890 shares valued at about $19.47 million at quarter‑end.
• AMD posted a blowout Q1—$1.37 EPS vs. $1.29 est. and $10.25B revenue vs. $9.90B est.—driven by data‑center/AI strength, triggering multiple analyst upgrades and raised price targets (e.g., Benchmark $485, KeyCorp $530).
• Significant insider selling has occurred recently: EVP Mark Papermaster sold 31,320 shares for roughly $10.96M and insiders sold about 304,672 shares (~$70.1M) in the past 90 days, while institutions own ~71% of the stock.

GRIMES & Co WEALTH MANAGEMENT LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,890 shares of the semiconductor manufacturer's stock after selling 22,530 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Advanced Micro Devices were worth $19,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMD. Joseph Group Capital Management acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. Koesten Hirschmann & Crabtree INC. grew its position in shares of Advanced Micro Devices by 61.0% in the third 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 during the last quarter. Aviso Financial Inc. grew its position in shares of Advanced Micro Devices by 400.0% in the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer's stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Finally, Delos Wealth Advisors LLC grew its position in shares of Advanced Micro Devices by 100.0% in the third 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 during the last quarter. Institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of the firm's stock in a transaction 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 approximately $432,612,950. This trade represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 7,500 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $204.87, for a total value of $1,536,525.00. Following the completion of the sale, the executive vice president directly owned 129,598 shares in the company, valued at approximately $26,550,742.26. This represents a 5.47% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 304,672 shares of company stock worth $70,135,070. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMD has been the topic of several research reports. Benchmark upped their target price on Advanced Micro Devices from $325.00 to $485.00 and gave the company a "buy" rating in a research report on Wednesday. Needham & Company LLC raised Advanced Micro Devices to a "buy" rating in a research report on Wednesday. Wolfe Research initiated coverage on Advanced Micro Devices in a research report on Wednesday. They issued a "peer perform" rating on the stock. KeyCorp upped their target price on Advanced Micro Devices from $330.00 to $530.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Northland Securities reaffirmed a "market perform" rating and issued a $260.00 target price on shares of Advanced Micro Devices in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $388.84.

Advanced Micro Devices Trading Down 3.1%

Shares of NASDAQ:AMD opened at $408.46 on Friday. The company has a market capitalization of $665.93 billion, a P/E ratio of 133.92, a P/E/G ratio of 1.48 and a beta of 2.40. Advanced Micro Devices, Inc. has a 1 year low of $101.56 and a 1 year high of $430.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 2.01. The business's 50 day simple moving average is $243.98 and its 200 day simple moving average is $231.76.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company's revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 5.97 EPS for the current fiscal year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Blowout Q1 and bullish guidance — AMD reported a strong quarter with big data‑center (AI) revenue and raised near‑term guidance, which triggered the recent rally as investors re-rate AMD as a core AI infrastructure play. AMD Soars 14%: Q1 Crusher, Q2 Guide Lift, Goldman $450 Price Target Ignite AI Frenzy
• Positive Sentiment: Wall Street upgrades and higher price targets — Multiple firms quickly raised ratings and targets after the print (Goldman, Bernstein, TD Cowen, Susquehanna, Wells Fargo, Rosenblatt, etc.), boosting momentum and derivative flows. Wall Street Just Piled Into AMD: Eight Firms Hike Price Targets After Q1 Earnings Crusher
• Positive Sentiment: Supply wins for AI production — Reports highlight TSMC capacity wins and AMD saying it has secured critical memory supply, easing a key bottleneck for server CPU/GPU shipments. That supports the revenue outlook for AI servers. AMD (AMD) Stock Surges on TSMC Capacity Win and Strong Earnings
• Neutral Sentiment: Corporate calendar note — AMD set its annual shareholder meeting for May 13; management may discuss forward‑looking items that could add short‑term color but aren’t a market catalyst by themselves. AMD to Host Annual Meeting of Stockholders
• Neutral Sentiment: Sector supply risks flagged — Analysts and reporters caution a broader components/memory shortage in AI supply chains that could temper growth or shift timing even if demand remains strong. Tech Stocks Face a New AI Hurdle: A Widespread Components Shortage
• Negative Sentiment: Profit‑taking and valuation concerns — After the rapid run to all‑time highs, some strategists and commentators warn the stock is richly valued and investors are taking profits; that selling pressure can drive intraday weakness. AMD Has Flipped Nvidia: Time To Sell (Rating Downgrade)
• Negative Sentiment: Large sellers and position shifts — High‑profile managers (ARK/Cathie Wood) reduced AMD exposure and there’s visible insider selling; institutional rotation and some fund selling after gains can accentuate pullbacks. Cathie Wood Sells AMD Again — ARK Trade

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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