Integrity Alliance LLC. Purchases 3,277 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Integrity Alliance LLC increased its stake in Advanced Micro Devices by 31.6% in the fourth quarter, buying 3,277 additional shares and lifting its total holding to 13,641 shares valued at about $2.92 million.
• AMD reported strong quarterly results, with earnings of $1.37 per share and revenue of $10.25 billion, both topping analyst estimates. Revenue was up 37.8% from a year earlier, helped by continued strength in data center demand.
• Analyst sentiment remains bullish despite some insider selling, with several firms raising price targets and MarketBeat showing a consensus rating of “Moderate Buy” and an average target price of $410.

Integrity Alliance LLC. grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 31.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,641 shares of the semiconductor manufacturer's stock after purchasing an additional 3,277 shares during the quarter. Integrity Alliance LLC.'s holdings in Advanced Micro Devices were worth $2,921,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMD. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Koesten Hirschmann & Crabtree INC. raised 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 period. Aviso Financial Inc. raised 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 period. Delos Wealth Advisors LLC raised 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 period. Finally, LFA Lugano Financial Advisors SA raised its position 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 valued at $38,000 after purchasing an additional 100 shares during the period. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the sale, the executive vice president owned 324,527 shares in the company, valued at $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction on Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the sale, the executive vice president owned 1,236,037 shares in the company, valued at $432,612,950. This represents a 2.47% decrease in their position. 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. Insiders have sold 329,085 shares of company stock worth $114,051,007 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Down 1.7%

Shares of AMD stock opened at $495.54 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $108.62 and a 1 year high of $510.21. The firm's fifty day simple moving average is $315.01 and its 200 day simple moving average is $251.86. The firm has a market capitalization 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. 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 announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same quarter in the previous 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. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Advanced Micro Devices News Roundup

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. BTIG Research raised shares of Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Rosenblatt Securities lifted their price target on shares of Advanced Micro Devices from $300.00 to $490.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Susquehanna lifted their price target on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the company a "positive" rating in a research report on Wednesday, May 6th. DA Davidson boosted their target price on shares of Advanced Micro Devices from $375.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Finally, Melius Research set a $540.00 target price on shares of Advanced Micro Devices in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $410.00.

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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