Themes Management Co LLC Buys New Shares in Advanced Micro Devices, Inc. $AMD

Key Points

• Themes Management Co LLC opened a new position in AMD in the fourth quarter, buying 9,595 shares valued at about $2.1 million. AMD now makes up roughly 1.5% of the firm’s portfolio and is its 15th-largest holding.
• Institutional interest in AMD remains strong, with several funds significantly increasing their stakes and institutions/hedge funds owning 71.34% of the company. At the same time, insiders have sold shares recently, including EVPs Forrest Eugene Norrod and Paul Darren Grasby.
• AMD is drawing bullish attention from analysts and news flow, including a reported plan to invest more than $10 billion in Taiwan’s AI market. Goldman Sachs upgraded the stock to buy and lifted its target to $450, while AMD also reported better-than-expected quarterly earnings and revenue growth of 37.8% year over year.

Themes Management Co LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,595 shares of the semiconductor manufacturer's stock, valued at approximately $2,055,000. Advanced Micro Devices accounts for approximately 1.5% of Themes Management Co LLC's investment portfolio, making the stock its 15th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Impax Asset Management Group plc increased its stake in Advanced Micro Devices by 326.5% during the 3rd quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer's stock valued at $8,424,000 after purchasing an additional 39,861 shares in the last quarter. Jefferies Financial Group Inc. grew its holdings in shares of Advanced Micro Devices by 6,228.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock valued at $65,966,000 after buying an additional 303,154 shares during the last quarter. Zweig DiMenna Associates LLC grew its holdings in shares of Advanced Micro Devices by 127.6% during the third quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer's stock valued at $11,746,000 after buying 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 third quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer's stock worth $13,632,000 after acquiring an additional 6,095 shares in the last quarter. Finally, WealthPlan Investment Management LLC increased its position in shares of Advanced Micro Devices by 338.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 6,157 shares of the semiconductor manufacturer's stock worth $1,319,000 after acquiring an additional 4,753 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction on 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 directly owned 324,527 shares of the company's stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the business's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president owned 105,222 shares in the company, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 329,085 shares of company stock worth $114,051,007 in the last ninety days. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD reportedly plans to invest more than $10 billion in Taiwan’s AI market, a move aimed at expanding chip production capacity and deepening ties with packaging and testing partners. Advanced Micro Devices, Inc. (AMD) Plans to Invest more than $10B in Taiwan’s AI Market
• Positive Sentiment: Several analyst and market commentary pieces highlighted AMD as a key beneficiary of the AI chip boom, especially as demand shifts toward inference-focused workloads and investors look for “next Nvidia” opportunities. The 'Next Nvidia' Trade? Why Investors Are Suddenly Watching Advanced Micro Devices, Arm Holdings, and Marvell Technology
• Positive Sentiment: Recent bullish coverage says AMD’s AI roadmap, including ROCm adoption and rack-scale solutions, is strengthening its competitive position versus Nvidia and supporting the stock’s momentum. Advanced Micro Devices: 3 Things Favor This Nvidia Competitor, Reiterate Strong Buy
• Neutral Sentiment: AMD remained a heavily watched trading name, with articles noting it was among the most searched stocks and that investors are weighing its next moves after a strong run.
• Negative Sentiment: One report noted a stock sale by executive Forrest Eugene Norrod, which could slightly temper sentiment, though it appears smaller than the positive AI and expansion catalysts. Forrest Eugene Norrod Sells 19,487 Shares of Advanced Micro Devices NASDAQ: AMD Stock

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMD. The Goldman Sachs Group raised shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and raised their price target for the company from $240.00 to $450.00 in a research report on Wednesday, May 6th. Erste Group Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Thursday, April 2nd. Morgan Stanley increased their price objective on Advanced Micro Devices from $360.00 to $410.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. Roth Mkm restated a "buy" rating and issued a $500.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $270.00 to $385.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $410.00.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $467.51 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The firm has a market cap of $762.32 billion, a price-to-earnings ratio of 153.28, a price-to-earnings-growth ratio of 1.37 and a beta of 2.40. Advanced Micro Devices, Inc. has a 52 week low of $107.67 and a 52 week high of $481.41. The firm has a 50-day moving average price of $302.82 and a two-hundred day moving average price of $248.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. The firm 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 company's revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

Advanced Micro Devices 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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