Knights of Columbus Asset Advisors LLC Has $2.93 Million Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Knights of Columbus Asset Advisors increased its Advanced Micro Devices stake by 19.3% in the fourth quarter, ending with 13,663 shares valued at about $2.93 million.
• Other institutional investors also expanded AMD holdings, and institutions now own 71.34% of the company, signaling broad professional interest in the stock.
• Wall Street remains constructive on AMD, with several analysts raising price targets; the stock currently carries a Moderate Buy consensus and an average target price of $410.

Knights of Columbus Asset Advisors LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,663 shares of the semiconductor manufacturer's stock after buying an additional 2,208 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Advanced Micro Devices were worth $2,926,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Impax Asset Management Group plc boosted its holdings in shares of Advanced Micro Devices by 326.5% in the third quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer's stock valued at $8,424,000 after buying an additional 39,861 shares during the period. Jefferies Financial Group Inc. boosted its holdings in shares of Advanced Micro Devices by 6,228.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock valued at $65,966,000 after buying an additional 303,154 shares during the period. Williamson Legacy Group LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $1,118,000. Zweig DiMenna Associates LLC boosted its holdings in shares of Advanced Micro Devices by 127.6% in the third quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer's stock valued at $11,746,000 after buying an additional 40,708 shares during the period. Finally, Valtinson Bruner Financial Planning LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $1,523,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMD shares. Evercore reiterated an "outperform" rating and issued a $579.00 price target on shares of Advanced Micro Devices in a report on Tuesday, May 19th. Susquehanna upped their price target on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the company a "positive" rating in a report on Wednesday, May 6th. Stifel Nicolaus boosted their price objective on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Mizuho boosted their price objective on shares of Advanced Micro Devices from $415.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Advanced Micro Devices from $345.00 to $505.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 6th. Two investment 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $410.00.

Trending Headlines about Advanced Micro Devices

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

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $445.51, for a total value of $55,688,750.00. Following the completion of the sale, the chief executive officer owned 3,021,899 shares in the company, valued at $1,346,286,223.49. This trade represents a 3.97% decrease in their ownership of the stock. The sale 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, EVP Mark D. Papermaster sold 31,320 shares of the business's stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 329,085 shares of company stock worth $114,051,007. 0.50% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $495.54 on Thursday. The company's fifty day simple moving average is $315.01 and its 200-day simple moving average is $251.86. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $808.03 billion, a PE ratio of 162.47, a P/E/G ratio of 1.48 and a beta of 2.40. Advanced Micro Devices, Inc. has a 12 month low of $108.62 and a 12 month high of $510.21.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal 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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