Truist Financial Corp Buys 29,457 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Truist Financial Corp raised its stake in Advanced Micro Devices by 9.3% in Q4, buying 29,457 shares to own 345,048 shares worth roughly $73.9 million.
• Company insiders have been net sellers, disposing of a total of 304,672 shares valued at about $70.1 million in the last 90 days, including sales by EVPs Paul Grasby and Forrest Norrod.
• AMD posted a recent beat—$1.53 EPS vs. $1.32 expected and revenue of $10.27 billion, up 34.1% year-over-year—but the stock faces elevated post-earnings volatility and valuation concerns amid analyst downgrades.

Truist Financial Corp increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,048 shares of the semiconductor manufacturer's stock after buying an additional 29,457 shares during the period. Truist Financial Corp's holdings in Advanced Micro Devices were worth $73,895,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Joseph Group Capital Management bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC increased its stake in shares of Advanced Micro Devices by 39.7% in the 3rd quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 46 shares in the last quarter. Koesten Hirschmann & Crabtree INC. increased its stake in shares of Advanced Micro Devices by 61.0% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Aviso Financial Inc. increased its stake in shares of Advanced Micro Devices by 400.0% in the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer's stock worth $32,000 after acquiring an additional 160 shares in the last quarter. Finally, Delos Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices by 100.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 7,500 shares of Advanced Micro Devices stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the completion of the sale, the executive vice president owned 129,598 shares of the company's stock, valued at approximately $26,550,742.26. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total value of $4,216,954.50. Following the completion of the sale, the executive vice president directly owned 289,098 shares of the company's stock, valued at approximately $62,679,337.38. The trade was a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 304,672 shares of company stock worth $70,135,070 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Down 5.3%

Shares of NASDAQ AMD opened at $341.54 on Tuesday. The firm's 50 day moving average price is $232.51 and its 200-day moving average price is $228.39. The company has a market cap of $556.83 billion, a PE ratio of 128.88, a P/E/G ratio of 1.30 and a beta of 2.40. Advanced Micro Devices, Inc. has a 52-week low of $96.88 and a 52-week high of $362.79. 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 (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.21. The business had revenue of $10.27 billion during the quarter, compared to analyst estimates of $9.65 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The company's quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 5.82 EPS for the current fiscal year.

More Advanced Micro Devices News

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

• Positive Sentiment: Major customer and partner traction in AI/data center deployments supports revenue growth prospects — Zyphra announced Zyphra Cloud powered by AMD Instinct MI355X GPUs, which validates demand for AMD accelerators. Zyphra and AMD Partner to Power Zyphra Cloud on AMD Instinct™ MI355X GPUs
• Positive Sentiment: Expanded commercial footprint with data-center customers — reports show AMD doubled a data-center deal in the Denver area, signaling more capacity commitments that could lift Data Center revenue if supply keeps pace. AMD doubles data center footprint in deal with Denver-area company
• Positive Sentiment: Analysts and previews expect strong Data Center results driven by EPYC/Instinct demand — previews highlight the potential for Q1 upside from AI-driven server and GPU sales. Can Strong Data Center Revenues Boost AMD's Topline in Q1 Earnings?
• Neutral Sentiment: Big earnings event and macro calendar — AMD reports Q1 after the close tomorrow; broad market and Fed speakers mean higher event-driven volatility and options-implied moves are pricing that in. AMD and Pfizer earnings, job openings, Fedspeak: What to Watch
• Neutral Sentiment: Options/volatility and investor positioning are elevated — traders are pricing a large post-earnings move, making short-term swings likely regardless of results. AMD Stock Options Traders Are Pricing In a Whopping $55B Price Swing after Earnings
• Negative Sentiment: Analyst downgrade and valuation concerns pressured the stock — HSBC cut AMD to Hold citing limited upside after a big rally, prompting selling into the earnings run-up. AMD stock slips as HSBC downgrade flags valuation concerns ahead of earnings
• Negative Sentiment: Supply-chain and production limits are a near-term cap on upside — in-depth coverage warns CoWoS packaging bottlenecks and high multiples increase downside risk if AMD can’t quickly scale shipments. The Great Chip Divide: AI Chip War Pivots from Hype to Execution (MarketBeat overview)
• Negative Sentiment: Notable insider/investor selling adds selling pressure — high-profile trims (including institutional moves and reported sales by some investors) feed concerns about near-term profit-taking. Cathie Wood Sheds Over $70M in AMD Stock, While Wall Street Remains Divided Ahead of Q1 Results

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMD. Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Monday, January 26th. Wells Fargo & Company reissued an "overweight" rating and issued a $345.00 price target on shares of Advanced Micro Devices in a research report on Friday, January 30th. Roth Mkm reissued a "buy" rating on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. Stifel Nicolaus boosted their price target on Advanced Micro Devices from $280.00 to $320.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. Finally, KeyCorp restated an "overweight" rating and set a $330.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $303.84.

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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