Intech Investment Management LLC Raises Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Intech Investment Management boosted its stake in Advanced Micro Devices by 46% in the fourth quarter, ending with 93,518 shares valued at about $20.0 million.
• Institutional ownership remains heavy, with hedge funds and other investors controlling about 71.34% of AMD shares, and several firms also recently increased their positions.
• AMD’s latest results and outlook remain strong: the company beat earnings and revenue estimates for the quarter, and analysts have raised price targets, with the consensus rating at Moderate Buy.

Intech Investment Management LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 46.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,518 shares of the semiconductor manufacturer's stock after buying an additional 29,459 shares during the quarter. Intech Investment Management LLC's holdings in Advanced Micro Devices were worth $20,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Joseph Group Capital Management purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $25,000. Koesten Hirschmann & Crabtree INC. raised its stake in shares of Advanced Micro Devices by 61.0% during the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 61 shares during the last quarter. Aviso Financial Inc. lifted its holdings in shares of 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 buying an additional 160 shares during the period. Delos Wealth Advisors LLC boosted its stake 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 worth $32,000 after buying an additional 100 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA boosted its stake in shares of Advanced Micro Devices by 74.1% in the third quarter. LFA Lugano Financial Advisors SA now owns 235 shares of the semiconductor manufacturer's stock worth $38,000 after buying an additional 100 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

More Advanced Micro Devices News

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

• Positive Sentiment: Rocket One was accepted into the AMD AI Developer Program, giving the company access to AMD cloud tools, credits, and technical resources that could help expand demand for AMD’s AI ecosystem. Rocket One Accepted into AMD AI Developer Program to Advance Simulation of Next-Generation Nanomagnetic AI Accelerator Architecture for AI, Defense and Space Applications
• Positive Sentiment: Several articles argue AMD still has room to run after its post-earnings surge, citing strong data center growth, rising EPYC and Instinct adoption, and the company’s expanding AI opportunity. AMD's Data Center Growth Rides on EPYC Demand: More Upside Ahead?
• Positive Sentiment: Analyst sentiment remains constructive, with recent upgrades and higher price targets suggesting Wall Street sees a much larger market opportunity for AMD’s CPU and AI businesses. Why Wall Street Sees A Much Bigger Market Opportunity For AMD
• Positive Sentiment: AMD’s AI narrative is also being reinforced by bullish opinion pieces saying the stock’s rally may still be unfinished, keeping momentum traders engaged. AMD Stock Is On A Once-In-50-Year Run — And It Looks Like Unfinished Business
• Neutral Sentiment: Cathie Wood and ARK Invest sold more than $16 million of AMD shares, which may create some near-term headline pressure but does not change the company’s operating outlook. Cathie Wood Just Sold $16 Million of AMD Stock. Why Did ARK Invest Sell the Chip Giant?
• Neutral Sentiment: Coverage noting Nvidia’s relative underperformance versus the broader chip sector is helping frame AMD as a beneficiary of shifting AI hardware demand, though the impact is indirect. Nvidia Stock Is Now a Chip Laggard

Wall Street Analyst Weigh In

AMD has been the subject of several recent research reports. KeyCorp lifted their price target on Advanced Micro Devices from $330.00 to $530.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. UBS Group set a $310.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 4th. The Goldman Sachs Group raised shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and lifted their target price for the company from $240.00 to $450.00 in a report on Wednesday, May 6th. Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Finally, Bank of America increased their price target on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $410.00.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $518.09 on Friday. 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 fifty day moving average of $321.45 and a 200 day moving average of $253.87. The firm has a market cap of $844.80 billion, a PE ratio of 169.87, a PEG ratio of 1.46 and a beta of 2.40. Advanced Micro Devices, Inc. has a one year low of $108.62 and a one year high of $527.20.

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 (EPS) 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 analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company's revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president owned 324,527 shares in the company, valued at $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. 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, CEO Lisa T. Su sold 125,000 shares of the business's stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total value of $55,688,750.00. Following the sale, the chief executive officer owned 3,021,899 shares of the company's stock, valued at $1,346,286,223.49. The trade was a 3.97% 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. In the last quarter, insiders have sold 329,085 shares of company stock valued at $114,051,007. 0.50% of the stock is currently owned by corporate 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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