Castleark Management LLC Invests $22.43 Million in Advanced Micro Devices, Inc. $AMD

Castleark Management LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, Holdings Channel reports. The firm bought 104,746 shares of the semiconductor manufacturer’s stock, valued at approximately $22,432,000.

A number of other hedge funds have also recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its stake in shares of Advanced Micro Devices by 19.4% in the fourth quarter. Advisors Asset Management Inc. now owns 35,557 shares of the semiconductor manufacturer’s stock worth $7,615,000 after buying an additional 5,788 shares during the last quarter. Empire Financial Management Company LLC boosted its stake in shares of Advanced Micro Devices by 13.8% in the fourth quarter. Empire Financial Management Company LLC now owns 18,880 shares of the semiconductor manufacturer’s stock worth $4,043,000 after buying an additional 2,286 shares during the last quarter. Douglass Winthrop Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $241,000. Laurel Oak Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $977,000. Finally, Fiduciary Group LLC boosted its stake in shares of Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,665 shares of the semiconductor manufacturer’s stock worth $571,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMD. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley upped their price target on Advanced Micro Devices from $360.00 to $410.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Citigroup cut Advanced Micro Devices from a “buy” rating to a “market perform” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Mizuho upped their price target on Advanced Micro Devices from $515.00 to $615.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $424.59.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $511.57 on Friday. Advanced Micro Devices, Inc. has a one year low of $115.06 and a one year high of $546.44. 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 stock has a market cap of $834.17 billion, a PE ratio of 167.73, a P/E/G ratio of 1.44 and a beta of 2.50. The stock has a 50 day moving average price of $386.41 and a 200 day moving average price of $274.18.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 37.8% on a year-over-year basis. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 372,032 shares of company stock valued at $158,658,616. 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: Citi upgraded AMD and argued that the market is underpricing its AI GPU upside, boosting confidence in the stock’s AI-driven growth path.
• Positive Sentiment: Bank of America also raised its outlook on AMD, calling it a top CPU pick and pointing to a large agentic AI opportunity across servers and accelerators.
• Positive Sentiment: Multiple reports highlighted rising GPU market-share data and stronger investor focus on AMD’s expanding role in AI hardware, helping semiconductor stocks rally broadly.

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.