IPG Investment Advisors LLC Reduces Holdings in Advanced Micro Devices, Inc. $AMD

IPG Investment Advisors LLC trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 68.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,117 shares of the semiconductor manufacturer’s stock after selling 17,286 shares during the period. IPG Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $1,738,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. James J. Burns & Company LLC grew its position in shares of Advanced Micro Devices by 2.3% in the 4th quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock valued at $389,000 after buying an additional 40 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its position in shares of Advanced Micro Devices by 0.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer’s stock valued at $1,052,000 after buying an additional 43 shares during the last quarter. Willis Johnson & Associates Inc. grew its position in shares of Advanced Micro Devices by 1.9% in the 4th quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock valued at $493,000 after buying an additional 44 shares during the last quarter. Addison Advisors LLC grew its position in shares of Advanced Micro Devices by 12.7% in the 3rd quarter. Addison Advisors LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $65,000 after buying an additional 45 shares during the last quarter. Finally, Smith Moore & CO. grew its position in shares of Advanced Micro Devices by 1.1% in the 3rd quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer’s stock valued at $641,000 after buying an additional 45 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the sale, the executive vice president owned 1,236,037 shares in the company, valued at approximately $432,612,950. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a legal 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 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 transaction of $8,406,691.80. Following the completion of the sale, the executive vice president owned 324,527 shares of the company’s stock, valued at $140,000,947.80. This trade represents a 5.66% 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. Insiders have sold a total of 329,085 shares of company stock worth $114,051,007 over the last quarter. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMD. Citigroup increased their target price on shares of Advanced Micro Devices from $358.00 to $460.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Sanford C. Bernstein raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and increased their target price for the company from $265.00 to $525.00 in a research report on Wednesday, May 6th. Wolfe Research assumed coverage on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. They issued a “peer perform” rating on the stock. Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $345.00 to $505.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Barclays raised their price objective on shares of Advanced Micro Devices from $300.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $410.00.

Advanced Micro Devices Trading Down 1.7%

Shares of Advanced Micro Devices stock opened at $495.54 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $108.62 and a 1 year high of $510.21. 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 company has a market capitalization of $808.03 billion, a P/E ratio of 162.47, a PEG ratio of 1.48 and a beta of 2.40. The company’s fifty day moving average is $315.01 and its two-hundred day moving average is $251.86.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same period last year, the firm posted $0.96 EPS. Advanced Micro Devices’s revenue for the quarter was up 37.8% on a year-over-year basis. Analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD’s data center business remains a major growth engine, with one recent write-up highlighting 57% year-over-year data center revenue growth to $5.78 billion, driven by EPYC CPU demand and ramping Instinct AI products. Article title
• Positive Sentiment: AMD got a lift from a new OneQode collaboration to deploy AMD Instinct MI355X GPUs and plan for AMD’s Helios rack-scale solution, reinforcing demand for its AI infrastructure products. Article title
• Positive Sentiment: Analyst commentary remains constructive, with multiple recent notes describing AMD as a beneficiary of the AI spending cycle and highlighting upside tied to continued data center and CPU gains. Article title
• Neutral Sentiment: Some articles focused on AMD’s rapid valuation expansion and the question of whether the stock can become a trillion-dollar company, which keeps expectations high but does not change the near-term growth story. Article title
• Negative Sentiment: Sentiment was pressured by reports that Cathie Wood continued trimming AMD exposure, and by concerns that Nvidia could move into the standalone server CPU market, increasing competitive pressure on AMD’s growth areas. Article title Article title

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.