Staley Capital Advisers Inc. Purchases Shares of 1,241 Advanced Micro Devices, Inc. $AMD

Key Points

• Staley Capital Advisers bought a new stake in AMD during the fourth quarter, purchasing 1,241 shares valued at about $266,000.
• AMD’s latest quarter beat expectations, with earnings of $1.37 per share and revenue of $10.25 billion, helped by strong demand in data center chips and AI-related products.
• Analysts turned more bullish after the results, with several raising price targets and the stock now carrying a consensus rating of Moderate Buy.

Staley Capital Advisers Inc. purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,241 shares of the semiconductor manufacturer's stock, valued at approximately $266,000.

A number of other hedge funds also recently made changes to their positions in AMD. Brighton Jones LLC boosted its holdings in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after purchasing an additional 2,970 shares in the last quarter. United Bank lifted its stake in shares of Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer's stock valued at $1,881,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its stake in shares of Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer's stock valued at $1,310,000 after purchasing an additional 7,228 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Q1 earnings and revenue both topped expectations, with data center sales up sharply on strong demand for EPYC CPUs and Instinct GPUs.
• Positive Sentiment: Several analysts raised price targets after the earnings report, citing AMD’s accelerating AI and data center growth.
• Positive Sentiment: AMD expanded FSR 4.1 support to older GPUs and introduced new Ryzen PRO 9000 offerings, reinforcing product momentum in client and gaming.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $445.51, for a total value of $55,688,750.00. Following the transaction, the chief executive officer owned 3,021,899 shares in the company, valued at $1,346,286,223.49. The trade was a 3.97% decrease in their position. The sale was disclosed in a filing 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 Mark D. Papermaster sold 31,320 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president owned 1,236,037 shares in the company, valued at $432,612,950. This 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. Insiders have sold 309,598 shares of company stock worth $105,644,316 in the last quarter. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMD has been the topic of several research analyst reports. DA Davidson lifted their price objective on Advanced Micro Devices from $375.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. BTIG Research raised Advanced Micro Devices to a "buy" rating in a research note on Wednesday, May 6th. Cantor Fitzgerald lifted their price objective on Advanced Micro Devices to $500.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. KeyCorp lifted their target price on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the company an "overweight" rating in a report on Wednesday, May 6th. Finally, Benchmark lifted their target price on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $396.95.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $424.10 on Friday. The stock's 50 day moving average price is $273.49 and its 200 day moving average price is $240.52. The firm has a market capitalization of $691.54 billion, a PE ratio of 139.05, a price-to-earnings-growth ratio of 1.26 and a beta of 2.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. Advanced Micro Devices, Inc. has a one year low of $107.67 and a one year high of $469.21.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The firm's revenue was up 37.8% compared to the same quarter last year. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal 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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