RiverFront Investment Group LLC Increases Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• RiverFront Investment Group increased its AMD stake by 138.4% in the fourth quarter, buying 2,229 more shares and bringing its total to 3,839 shares valued at about $822,000.
• AMD reported better-than-expected quarterly results, with EPS of $1.37 versus $1.29 estimated and revenue of $10.25 billion versus $9.90 billion expected. Revenue also rose 37.8% year over year.
• Analysts remain bullish on AMD, with multiple firms raising price targets on stronger AI/server CPU demand; the stock currently carries a consensus “Moderate Buy” rating and an average target price of $404.03.

RiverFront Investment Group LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 138.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,839 shares of the semiconductor manufacturer's stock after purchasing an additional 2,229 shares during the period. RiverFront Investment Group LLC's holdings in Advanced Micro Devices were worth $822,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Joseph Group Capital Management purchased a new position in Advanced Micro Devices in the fourth quarter worth about $25,000. Koesten Hirschmann & Crabtree INC. boosted its position in Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Aviso Financial Inc. raised its stake in shares of Advanced Micro Devices by 400.0% in the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer's stock worth $32,000 after buying an additional 160 shares during the period. Delos Wealth Advisors LLC raised its stake in shares of Advanced Micro Devices by 100.0% in the third quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer's stock worth $32,000 after buying an additional 100 shares during the period. Finally, LFA Lugano Financial Advisors SA raised its stake in shares of Advanced Micro Devices by 74.1% in the third quarter. LFA Lugano Financial Advisors SA now owns 235 shares of the semiconductor manufacturer's stock worth $38,000 after buying an additional 100 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 0.7%

Shares of AMD opened at $420.99 on Tuesday. The business's 50 day moving average is $277.92 and its 200 day moving average is $241.53. The company has a market capitalization of $686.47 billion, a PE ratio of 138.03, a price-to-earnings-growth ratio of 1.26 and a beta of 2.40. Advanced Micro Devices, Inc. has a 12-month low of $107.67 and a 12-month high of $469.21. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued 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. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm's quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the company earned $0.96 EPS. Research analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the sale, the chief executive officer owned 3,021,899 shares of the company's stock, valued at approximately $1,346,286,223.49. This trade represents a 3.97% decrease in their position. The sale 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 Advanced Micro Devices stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at $432,612,950. This trade represents a 2.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 309,598 shares of company stock valued at $105,644,316. 0.50% of the stock is owned by company insiders.

More Advanced Micro Devices News

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

• Positive Sentiment: Citi raised its price target on AMD to $460 from $358, citing a much larger server CPU market outlook tied to agentic AI demand. Citi lifts price targets on Intel and AMD, sees CPU TAM of $132B by 2030
• Positive Sentiment: Evercore ISI reiterated an Outperform rating on AMD, pointing to improving server CPU market share trends and stronger demand from AI infrastructure. Evercore ISI Maintains Outperform Rating on Advanced Micro Devices (AMD)
• Positive Sentiment: Mizuho lifted its price target on AMD to $515 from $415, saying agentic AI is fueling server demand and improving the long-term growth outlook. Mizuho lifts PT on Advanced Micro Devices (AMD) Stock
• Positive Sentiment: AMD’s recent 13F disclosure showed a new investment in Marvell Technology, which may be read as a constructive sign on AI and networking-related chip demand. AMD Reveals A $6.5 Million Marvell Bet That's Already Soaring
• Neutral Sentiment: Several commentary pieces argue AMD still has substantial long-term upside from its AI/data center roadmap, but these are mostly opinion-driven and don’t add immediate new fundamentals. Prediction: AMD Stock Is Going to Triple in 5 Years, Thanks to This $120 Billion Opportunity
• Neutral Sentiment: AMD also benefited from broader coverage highlighting the company as a leading growth stock and from discussion of its expanding AI data center momentum. Advanced Micro Devices Stock (AMD) Surges 95% YTD — Let’s Look at Who Owns It
• Negative Sentiment: AMD traded lower alongside a broader chip selloff as investors took some profits after the sector’s strong rally. Nasdaq Finishes Lower. The Chip Stock Selloff Gathers Steam.
• Negative Sentiment: Monday’s weakness was also tied to headlines about CEO Lisa Su meeting with a Chinese official, which did not provide an immediate catalyst to offset the sector pullback. AMD Stock Slips Despite CEO Lisa Su’s Meeting with a Chinese Official

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial set a $478.00 price objective on Advanced Micro Devices in a research note on Wednesday, May 6th. KeyCorp raised their price objective on Advanced Micro Devices from $330.00 to $530.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Benchmark raised their price objective on Advanced Micro Devices from $325.00 to $485.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Northland Securities reaffirmed a "market perform" rating and issued a $260.00 price objective on shares of Advanced Micro Devices in a research note on Monday, April 27th. Finally, Evercore reaffirmed an "outperform" rating and issued a $358.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $404.03.

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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