Legacy Bridge LLC Purchases 5,800 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Legacy Bridge LLC increased its stake in Advanced Micro Devices by 443.4% in Q4, buying an additional 5,800 shares to hold 7,108 shares valued at about $1.522 million.
• Several large institutions (e.g., Jennison, Wellington, Assenagon, Nordea, Rafferty) have materially boosted AMD positions—AMD is 71.34% institutionally owned—and analysts are broadly bullish amid an AI-driven demand narrative with an average price target near $290.
• Insiders have sold 242,685 shares worth roughly $50.76 million in the past three months (insiders now own ~0.50%), including executive sales executed under Rule 10b5‑1 plans.

Legacy Bridge LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 443.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,108 shares of the semiconductor manufacturer's stock after buying an additional 5,800 shares during the period. Legacy Bridge LLC's holdings in Advanced Micro Devices were worth $1,522,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AMD. Jennison Associates LLC bought a new position in Advanced Micro Devices in the 3rd quarter valued at $626,826,000. Wellington Management Group LLP boosted its position in Advanced Micro Devices by 335.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after buying an additional 3,735,807 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Advanced Micro Devices by 104.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,991,297 shares of the semiconductor manufacturer's stock valued at $1,283,096,000 after buying an additional 3,059,935 shares during the last quarter. Nordea Investment Management AB boosted its position in Advanced Micro Devices by 203.7% in the 3rd quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer's stock valued at $631,892,000 after buying an additional 2,619,294 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its position in Advanced Micro Devices by 56.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer's stock valued at $961,078,000 after buying an additional 2,430,533 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: TSMC’s strong Q1 revenue and reported surge in chip orders is being read as a leading indicator for AI silicon demand — a direct tailwind for AMD’s EPYC/GPU server exposure. Read More.
• Positive Sentiment: Sector AI rally: coverage shows investors rotating into multiple AI‑compute suppliers (including AMD) as the AI infrastructure narrative broadens beyond a single winner, supporting near‑term momentum. Read More.
• Positive Sentiment: Analyst and bank support: Bank of America and other shops are highlighting AMD as a top AI‑compute buy, and select boutiques have raised targets — this endorsement helps fuel demand from institutional and retail buyers. Read More.
• Positive Sentiment: Institutional positioning: filings show large holders adding or maintaining big stakes (Vanguard, State Street, etc.), which supports price stability and upside momentum. Read More.
• Neutral Sentiment: Upcoming earnings (May 5) — a concrete catalyst that could reinforce the rally if data‑center revenue surprises, or trigger volatility if guidance disappoints. Read More.
• Neutral Sentiment: Valuation debate: some outlets flag a rich forward P/E, prompting discussion about how much growth is already priced in — this creates mixed investor opinions on further near‑term upside. Read More.
• Negative Sentiment: Insider and high‑profile selling: executive sales (e.g., Mark Papermaster via a 10b5‑1 plan) and reports of large manager sell‑downs can create headline pressure despite being routine or planned. Read More. Read More.
• Negative Sentiment: Structural competition risk: analysis noting hyperscalers’ shift toward Arm/custom silicon remains a longer‑term headwind for x86‑dependent suppliers if cloud providers accelerate proprietary designs. Read More.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 3,293 shares of Advanced Micro Devices stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $225.00, for a total value of $740,925.00. Following the sale, the executive vice president owned 1,294,466 shares of the company's stock, valued at $291,254,850. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 Advanced Micro Devices stock in a transaction dated 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 $26,550,742.26. This represents a 5.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 242,685 shares of company stock worth $50,757,308. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMD. Jefferies Financial Group reiterated a "buy" rating on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. Wedbush reissued an "outperform" rating and issued a $290.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. KeyCorp reissued an "overweight" rating and issued a $330.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Rosenblatt Securities reissued a "buy" rating and issued a $300.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Advanced Micro Devices in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $290.19.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $245.04 on Monday. The company has a market capitalization of $399.50 billion, a PE ratio of 92.47, a PEG ratio of 0.91 and a beta of 1.96. Advanced Micro Devices, Inc. has a 12 month low of $83.75 and a 12 month high of $267.08. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The stock's fifty day simple moving average is $208.07 and its 200 day simple moving average is $217.78.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, topping the consensus estimate of $1.32 by $0.21. The business had revenue of $10.27 billion for the quarter, compared to the consensus estimate of $9.65 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The firm's revenue was up 34.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 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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