Advanced Micro Devices, Inc. $AMD Holdings Cut by Journey Advisory Group LLC

Journey Advisory Group LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.9% in the first quarter, HoldingsChannel.com reports. The fund owned 3,349 shares of the semiconductor manufacturer’s stock after selling 1,050 shares during the quarter. Journey Advisory Group LLC’s holdings in Advanced Micro Devices were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its position in shares of Advanced Micro Devices by 0.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 14,358 shares of the semiconductor manufacturer’s stock worth $2,921,000 after purchasing an additional 98 shares during the period. Avanda Investment Management Pte. Ltd. increased its position in Advanced Micro Devices by 165.5% in the first quarter. Avanda Investment Management Pte. Ltd. now owns 7,700 shares of the semiconductor manufacturer’s stock worth $1,566,000 after buying an additional 4,800 shares during the period. Hudson Canyon Capital Management bought a new stake in Advanced Micro Devices in the first quarter valued at $1,943,000. NFSG Corp lifted its stake in Advanced Micro Devices by 78.0% in the first quarter. NFSG Corp now owns 26,487 shares of the semiconductor manufacturer’s stock valued at $5,388,000 after buying an additional 11,606 shares during the last quarter. Finally, Ethos Financial Group LLC boosted its holdings in shares of Advanced Micro Devices by 9.7% during the first quarter. Ethos Financial Group LLC now owns 7,019 shares of the semiconductor manufacturer’s stock valued at $1,428,000 after acquiring an additional 621 shares during the period. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Northland Securities reissued a “market perform” rating and set a $260.00 target price on shares of Advanced Micro Devices in a research note on Monday, April 27th. Citigroup cut shares of Advanced Micro Devices from a “buy” rating to a “market perform” rating in a research report on Friday, June 12th. Royal Bank Of Canada raised their price target on shares of Advanced Micro Devices from $325.00 to $400.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Finally, Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $468.65.

More Advanced Micro Devices News

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

• Positive Sentiment: Wall Street analysts continue raising AMD price targets, signaling confidence in the company’s long-term AI growth story and earnings potential. AMD Stock Price Outlook – Analysts Keep Raising Price Targets Despite the Pullback
• Positive Sentiment: AMD named Alan Smith as a new Corporate Fellow, reinforcing its technical depth in GPU and AI computing. AMD Appoints Alan Smith as Newest Corporate Fellow
• Neutral Sentiment: Recent commentary continues to frame AMD as a major beneficiary of the AI infrastructure buildout, but those long-term themes are being overshadowed by near-term volatility. Nvidia vs. AMD vs. Cerebras: Which Is the Best AI Inference Stock to Buy Today?
• Negative Sentiment: AMD is being hit by a broader semiconductor pullback as investors worry about a possible slowdown in AI spending and take profits after a strong rally. What’s driving Intel, AMD stocks down ‘again’ on Thursday?
• Negative Sentiment: Technical analysis articles suggest AMD may have broken support and could face a deeper pullback if key moving averages fail to hold. Advanced Micro (AMD) Price Forecast: Is a Larger Pullback About to Begin?

Advanced Micro Devices Stock Performance

AMD opened at $500.94 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $816.83 billion, a PE ratio of 164.24, a P/E/G ratio of 1.55 and a beta of 2.47. The business has a fifty day simple moving average of $503.08 and a 200-day simple moving average of $328.48. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 6.18 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the sale, the executive vice president owned 1,233,687 shares in the company, valued at $661,663,348.71. This represents a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 341,630 shares of company stock valued at $152,147,456. Corporate insiders own 0.50% of the company’s stock.

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.