Noesis Capital Mangement Corp Has $19.68 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Noesis Capital Management Corp increased its AMD stake by 4.3% in the first quarter, holding 96,735 shares worth about $19.68 million and making AMD its 10th-largest position.
• Insiders have been selling shares: EVP Forrest Eugene Norrod and Director Nora Denzel both disclosed sizable sales, and company insiders sold 341,630 shares worth about $152.1 million over the last quarter.
• Analysts remain broadly bullish on AMD, with several firms raising price targets and the consensus rating staying at Moderate Buy; the company also beat earnings expectations last quarter with revenue up 37.8% year over year.

Noesis Capital Mangement Corp grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,735 shares of the semiconductor manufacturer's stock after purchasing an additional 4,003 shares during the quarter. Advanced Micro Devices comprises about 2.9% of Noesis Capital Mangement Corp's portfolio, making the stock its 10th biggest holding. Noesis Capital Mangement Corp's holdings in Advanced Micro Devices were worth $19,679,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Joseph Group Capital Management bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $25,000. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices in the 4th quarter valued at approximately $27,000. Cornerstone Financial Management LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth about $27,000. Basepoint Wealth LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $30,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $33,000. Institutional investors own 71.34% of the company's stock.

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 dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the sale, the director directly owned 87,173 shares of the company's stock, valued at $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 341,630 shares of company stock valued at $152,147,456. Company insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the subject of several research reports. 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. Mizuho raised their target price on Advanced Micro Devices from $515.00 to $615.00 and gave the company an "outperform" rating in a research report on Monday, June 1st. BTIG Research raised Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. KeyCorp raised their price target on Advanced Micro Devices from $530.00 to $725.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Loop Capital upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $468.65.

Key Advanced Micro Devices News

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

• Positive Sentiment: UBS raised its price target on AMD to $700 and other firms also lifted targets, reinforcing confidence in AMD’s AI accelerators and server CPU growth. “Three Major AI Customers”: 5-Star Analyst Raises AMD Stock Price Target to $700
• Positive Sentiment: Rosenblatt and other analysts turned increasingly bullish ahead of AMD’s upcoming earnings, with some calling it a top pick on expectations for a beat-and-raise quarter. Rosenblatt Raises AMD Stock Price Target Ahead of Q2 Earnings, Calls It a ‘Top Pick’
• Positive Sentiment: Bank of America said AMD could benefit from surging AI server demand and may be entering a stronger phase of its AI infrastructure story, including potential rack-level competition with Nvidia. AMD’s MI450 Could Finally Challenge Nvidia at the Rack Level
• Neutral Sentiment: Commentary pieces highlighted AMD as a strong AI contender and compared it with Nvidia and Broadcom, keeping investor attention focused on its growth potential rather than near-term fundamentals. Advanced Micro Devices: A Strong Contender in the Tech Arena
• Negative Sentiment: AMD is being dragged lower by a broader chip-sector pullback tied to Micron weakness and renewed talk that semiconductors are a crowded trade. Micron Drops 8% on China Competition Fears, Dragging Intel, AMD, and Marvell

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $529.14 on Thursday. The business has a fifty day moving average price of $501.23 and a 200-day moving average price of $326.46. The company has a market capitalization of $862.82 billion, a PE ratio of 173.49, a PEG ratio of 1.61 and a beta of 2.47. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted 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. 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 analysts' expectations of $9.90 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The business's revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 6.18 EPS for the current fiscal year.

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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