MSH Capital Advisors LLC Purchases Shares of 1,563 Advanced Micro Devices, Inc. $AMD

MSH Capital Advisors LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,563 shares of the semiconductor manufacturer’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Koesten Hirschmann & Crabtree INC. increased its position in Advanced Micro Devices by 61.0% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 61 shares during the period. Key Capital Management INC acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $38,000. PFS Partners LLC increased its position in Advanced Micro Devices by 269.2% in the 4th quarter. PFS Partners LLC now owns 192 shares of the semiconductor manufacturer’s stock valued at $41,000 after acquiring an additional 140 shares during the period. Finally, Aviso Financial Inc. increased its position in Advanced Micro Devices by 400.0% in the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after acquiring an additional 160 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD is being viewed as a major AI beneficiary, with articles highlighting rising demand for its Instinct GPUs, EPYC CPUs, and rack-scale AI infrastructure products. OneQode to Deploy AMD Instinct GPUs and Plans for AMD Helios Rack-Scale Solution for Global AI Infrastructure
• Positive Sentiment: Wall Street appears to be raising its long-term expectations for AMD, with fresh commentary about a possible path to a $1 trillion market cap and higher price targets from analysts. What Will It Take for AMD’s Market Cap to Hit $1 Trillion?
• Positive Sentiment: Sector-wide strength is also helping AMD, as investors rotate into AI chip stocks beyond Nvidia and bid up semiconductor names broadly. Why Qualcomm, AMD, Intel, other AI stocks are surging sharply on Tuesday
• Neutral Sentiment: Some commentary is more cautionary, noting that momentum in AMD and other chip stocks could eventually face valuation pressure after a strong run. Intel, AMD, and Other Momentum Stocks Look Unstoppable. Look Again.
• Negative Sentiment: There is also competitive concern in the background, with one article arguing Nvidia could pressure AMD in CPUs and related AI markets, which could temper upside if competition intensifies. Nvidia Vs. AMD: Nvidia Will Eat AMD’s CPU Lunch

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMD shares. Raymond James Financial started coverage on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. They issued a “market perform” rating for the company. Wells Fargo & Company upped their price target on shares of Advanced Micro Devices from $345.00 to $505.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Northland Securities reiterated a “market perform” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a research report on Monday, April 27th. Finally, Wedbush increased their price objective on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $410.00.

Advanced Micro Devices Stock Up 7.8%

Advanced Micro Devices stock opened at $503.89 on Wednesday. Advanced Micro Devices, Inc. has a 1-year low of $108.62 and a 1-year high of $506.96. The firm has a market capitalization of $821.64 billion, a price-to-earnings ratio of 165.21, a price-to-earnings-growth ratio of 1.37 and a beta of 2.40. The firm’s fifty day moving average price is $309.03 and its two-hundred day moving average price is $250.05. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating 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 period last year, the firm earned $0.96 earnings per share. The business’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Buying and Selling 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 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 directly owned 3,021,899 shares of the company’s stock, valued at approximately $1,346,286,223.49. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the transaction, the executive vice president directly owned 105,222 shares in the company, valued at $46,759,604.58. This trade represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 329,085 shares of company stock valued at $114,051,007 over the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

About Advanced Micro Devices

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.