Palouse Capital Management Inc. Sells 4,893 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Palouse Capital Management Inc. trimmed its stake in Advanced Micro Devices by 44.4%, selling 4,893 shares and retaining 6,118 shares worth about $1.31 million at quarter‑end.
• AMD materially beat quarterly expectations with $1.53 EPS vs $1.32 est and $10.27B revenue (up 34.1% YoY); the stock has a $399.5B market cap, a high P/E (92.47), and a consensus rating of Moderate Buy with a $290.19 target.
• Large institutions have been increasing positions (e.g., William Blair, Impax, Zweig DiMenna) so institutional ownership sits at 71.34%, even as insiders sold 242,685 shares (~$50.8M) in the last quarter.

Palouse Capital Management Inc. trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,118 shares of the semiconductor manufacturer's stock after selling 4,893 shares during the quarter. Palouse Capital Management Inc.'s holdings in Advanced Micro Devices were worth $1,310,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Impax Asset Management Group plc lifted its stake in Advanced Micro Devices by 326.5% during the third quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer's stock worth $8,424,000 after purchasing an additional 39,861 shares during the last quarter. Zweig DiMenna Associates LLC increased its position in shares of Advanced Micro Devices by 127.6% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer's stock valued at $11,746,000 after purchasing an additional 40,708 shares during the last quarter. Wedbush Securities Inc. increased its position in shares of Advanced Micro Devices by 7.8% during the 3rd quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer's stock valued at $13,632,000 after purchasing an additional 6,095 shares during the last quarter. Highline Wealth Partners LLC raised its holdings in shares of Advanced Micro Devices by 4,891.6% during the 4th quarter. Highline Wealth Partners LLC now owns 8,286 shares of the semiconductor manufacturer's stock valued at $1,775,000 after buying an additional 8,120 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in Advanced Micro Devices by 72.5% in the 3rd quarter. William Blair Investment Management LLC now owns 1,047,200 shares of the semiconductor manufacturer's stock worth $169,426,000 after buying an additional 440,296 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Up 3.5%

Shares of Advanced Micro Devices stock opened at $245.04 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. Advanced Micro Devices, Inc. has a 52-week low of $83.75 and a 52-week high of $267.08. The company's 50 day moving average price is $208.07 and its 200-day moving average price is $217.38. The stock has a market capitalization of $399.50 billion, a price-to-earnings ratio of 92.47, a P/E/G ratio of 0.91 and a beta of 1.96.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.21. The company had revenue of $10.27 billion during the quarter, compared to analyst estimates of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm's revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMD shares. Roth Mkm reiterated a "buy" rating on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. Sanford C. Bernstein set a $235.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Wedbush reaffirmed an "outperform" rating and issued a $290.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. The Goldman Sachs Group increased their target price on shares of Advanced Micro Devices from $210.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, February 25th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $345.00 target price on shares of Advanced Micro Devices in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $290.19.

More Advanced Micro Devices News

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 Activity

In related news, EVP Paul Darren Grasby sold 7,500 shares of the business's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the transaction, the executive vice president owned 129,598 shares in the company, valued at $26,550,742.26. The trade was a 5.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ava Hahn sold 2,442 shares of the company's stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $234.42, for a total value of $572,453.64. Following the transaction, the senior vice president directly owned 16,359 shares of the company's stock, valued at $3,834,876.78. The trade was a 12.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 242,685 shares of company stock valued at $50,757,308. 0.50% of the stock is owned by corporate insiders.

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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