PSI Advisors LLC Has $911,000 Position in Advanced Micro Devices, Inc. $AMD

Key Points

• PSI Advisors LLC cut its AMD stake by 42.1% in the fourth quarter, selling 3,092 shares and leaving it with 4,254 shares valued at about $911,000.
• AMD reported better-than-expected quarterly results, posting EPS of $1.37 versus estimates of $1.29 and revenue of $10.25 billion versus $9.90 billion expected. Revenue rose 37.8% year over year, with data center growth and AI products cited as key drivers.
• Despite the strong fundamentals, the stock was recently down 1.7% and insider selling has been notable, including CEO Lisa Su’s sale of 125,000 shares. Analysts remain mostly constructive, with a consensus rating of Moderate Buy and an average price target of $410.

PSI Advisors LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 42.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,254 shares of the semiconductor manufacturer's stock after selling 3,092 shares during the period. PSI Advisors LLC's holdings in Advanced Micro Devices were worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Texas Capital Bank Wealth Management Services Inc boosted its stake in shares of Advanced Micro Devices by 1,052.1% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 24,401 shares of the semiconductor manufacturer's stock valued at $5,226,000 after purchasing an additional 22,283 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock valued at $8,015,897,000 after purchasing an additional 287,525 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of Advanced Micro Devices by 1.2% in the 4th quarter. Fidelis Capital Partners LLC now owns 19,483 shares of the semiconductor manufacturer's stock valued at $4,172,000 after purchasing an additional 224 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Advanced Micro Devices by 19.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 13,663 shares of the semiconductor manufacturer's stock valued at $2,926,000 after purchasing an additional 2,208 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in shares of Advanced Micro Devices by 21.7% in the 4th quarter. King Luther Capital Management Corp now owns 72,159 shares of the semiconductor manufacturer's stock valued at $15,454,000 after purchasing an additional 12,843 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 1.7%

Shares of NASDAQ AMD opened at $495.54 on Thursday. The company has a 50 day simple moving average of $315.01 and a 200 day simple moving average of $251.86. The firm has a market cap of $808.03 billion, a PE ratio of 162.47, a price-to-earnings-growth ratio of 1.48 and a beta of 2.40. Advanced Micro Devices, Inc. has a 1 year low of $108.62 and a 1 year high of $510.21. 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 issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion during 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 quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the completion of the transaction, the chief executive officer owned 3,021,899 shares in the company, valued at approximately $1,346,286,223.49. This trade represents a 3.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $432,612,950. The trade was a 2.47% decrease in their position. 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 a total of 329,085 shares of company stock worth $114,051,007 in the last 90 days. 0.50% of the stock is owned by company insiders.

Key Headlines Impacting 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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wedbush raised their price target on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the company an "outperform" rating in a research note on Monday, May 4th. Raymond James Financial assumed coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Truist Financial set a $478.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Finally, Barclays raised their price objective on shares of Advanced Micro Devices from $300.00 to $500.00 and gave the company an "overweight" rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $410.00.

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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