Next Century Growth Investors LLC Takes $2.80 Million Position in Advanced Micro Devices, Inc. $AMD

Next Century Growth Investors LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,086 shares of the semiconductor manufacturer’s stock, valued at approximately $2,802,000.

A number of other hedge funds have also recently bought and sold shares of AMD. Norges Bank acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $4,929,312,000. Jennison Associates LLC grew its stake in Advanced Micro Devices by 181.6% during the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after purchasing an additional 7,035,991 shares in the last quarter. Cardano Risk Management B.V. acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $1,000,783,000. Wellington Management Group LLP grew its stake in Advanced Micro Devices by 335.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after purchasing an additional 3,735,807 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Advanced Micro Devices by 340.1% during the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock valued at $1,016,796,000 after purchasing an additional 3,669,054 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices 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 sale, the executive vice president owned 324,527 shares of the company’s stock, valued at $140,000,947.80. The trade was a 5.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Advanced Micro Devices stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the sale, the executive vice president directly owned 105,222 shares in the company, valued at $46,759,604.58. The trade was a 18.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 372,032 shares of company stock worth $158,658,616 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Zacks Research lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada raised their price objective on 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. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Finally, Susquehanna raised their price objective on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $424.59.

Advanced Micro Devices News Roundup

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 Price Performance

Shares of AMD opened at $511.57 on Monday. The firm has a market cap of $834.17 billion, a price-to-earnings ratio of 167.73, a PEG ratio of 1.50 and a beta of 2.50. The stock has a 50 day moving average of $386.41 and a 200-day moving average of $274.60. 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, Inc. has a 52 week low of $115.06 and a 52 week high of $546.44.

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

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.