Intrua Financial LLC Reduces Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Intrua Financial LLC cut its AMD stake by 43.6% in the fourth quarter, selling 1,755 shares and ending with 2,272 shares worth about $487,000.
• Other institutional investors remained active in AMD, and hedge funds and other institutions still own 71.34% of the company’s stock.
• AMD reported a strong quarter, with EPS of $1.37 beating estimates and revenue of $10.25 billion rising 37.8% year over year, while analysts currently maintain a consensus rating of Moderate Buy with a $410 price target.

Intrua Financial LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 43.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,272 shares of the semiconductor manufacturer's stock after selling 1,755 shares during the quarter. Intrua Financial LLC's holdings in Advanced Micro Devices were worth $487,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. James J. Burns & Company LLC grew its stake in shares of Advanced Micro Devices by 2.3% in the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer's stock worth $389,000 after acquiring an additional 40 shares during the period. Cassaday & Co Wealth Management LLC lifted its position in Advanced Micro Devices by 0.9% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer's stock valued at $1,052,000 after purchasing an additional 43 shares during the period. OneAscent Family Office LLC boosted its holdings in Advanced Micro Devices by 2.6% in the third quarter. OneAscent Family Office LLC now owns 1,755 shares of the semiconductor manufacturer's stock worth $284,000 after purchasing an additional 44 shares during the last quarter. Willis Johnson & Associates Inc. boosted its holdings in Advanced Micro Devices by 1.9% in the fourth quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer's stock worth $493,000 after purchasing an additional 44 shares during the last quarter. Finally, Addison Advisors LLC grew its position in Advanced Micro Devices by 12.7% in the 3rd quarter. Addison Advisors LLC now owns 400 shares of the semiconductor manufacturer's stock worth $65,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Oppenheimer cut Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a report on Wednesday, May 6th. Roth Mkm reaffirmed a "buy" rating and issued a $500.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Zacks Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 5th. Wolfe Research started coverage on Advanced Micro Devices in a report on Wednesday, May 6th. They issued a "peer perform" rating on the stock. Finally, Phillip Securities raised Advanced Micro Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Sunday, February 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $410.00.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 24,376 shares of Advanced Micro Devices stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the transaction, the executive vice president directly owned 105,222 shares of the company's stock, valued at $46,759,604.58. The trade was a 18.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 31,320 shares of the business's stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the transaction, 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 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. Insiders have sold 309,598 shares of company stock valued at $105,644,316 over the last quarter. 0.50% of the stock is currently owned by company insiders.

More Advanced Micro Devices News

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

• Positive Sentiment: Citi raised its AMD price target to $460, citing a much larger server CPU market opportunity tied to AI-driven demand, even though the firm kept a Neutral rating. AMD Price Target Vaults to $460 at Citi on $132 Billion CPU Forecast. So Why Neutral?
• Positive Sentiment: Several recent articles and analyst notes argue AMD is benefiting from strong AI infrastructure spending, rising enterprise CPU demand, and continued momentum in data-center chips. The $132 Billion Infrastructure Pivot You Might Have Missed
• Positive Sentiment: Wall Street commentary continues to favor AMD after its strong rally this year, with some pieces suggesting the stock could still have room to run toward $500 if AI chip demand and server CPU share gains persist. Should Investors Buy AMD Stock Instead of Nvidia?
• Neutral Sentiment: AMD is still being compared favorably with Nvidia, but some analysts say the valuation already reflects a lot of optimism, which may limit near-term upside. AMD: Priced Like A Leader, Operating In Nvidia's Shadow
• Negative Sentiment: Some traders are warning that semiconductors have become a crowded trade, raising the risk of pullbacks if AI enthusiasm cools or money rotates out of chip stocks. Nvidia, AMD Bulls Beware — Wall Street's Most Crowded Trade Just Flashed A Sell Warning
• Negative Sentiment: AMD also faced some short-term pressure from broader chip-sector weakness and investor caution after a strong multiweek run, which may be contributing to today’s softer trading. Nasdaq Finishes Lower. The Chip Stock Selloff Gathers Steam.

Advanced Micro Devices Trading Down 1.6%

NASDAQ:AMD opened at $414.05 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The firm has a market capitalization of $675.15 billion, a price-to-earnings ratio of 135.75, a price-to-earnings-growth ratio of 1.25 and a beta of 2.40. Advanced Micro Devices, Inc. has a one year low of $107.67 and a one year high of $469.21. The business has a fifty day moving average price of $282.35 and a 200-day moving average price of $242.59.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the previous year, the business earned $0.96 earnings per share. Advanced Micro Devices's quarterly revenue was up 37.8% compared to the same quarter last year. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

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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