Plato Investment Management Ltd Acquires 3,278 Shares of Advanced Micro Devices, Inc. $AMD

Plato Investment Management Ltd boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,972 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,278 shares during the period. Plato Investment Management Ltd’s holdings in Advanced Micro Devices were worth $8,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EWA LLC boosted its stake in Advanced Micro Devices by 4.3% during the fourth quarter. EWA LLC now owns 2,917 shares of the semiconductor manufacturer’s stock valued at $625,000 after buying an additional 121 shares during the last quarter. NewEdge Wealth LLC boosted its stake in Advanced Micro Devices by 131.6% during the fourth quarter. NewEdge Wealth LLC now owns 21,548 shares of the semiconductor manufacturer’s stock valued at $4,615,000 after buying an additional 12,245 shares during the last quarter. Vectors Research Management LLC boosted its stake in Advanced Micro Devices by 7.5% during the fourth quarter. Vectors Research Management LLC now owns 11,946 shares of the semiconductor manufacturer’s stock valued at $2,558,000 after buying an additional 838 shares during the last quarter. Drucker Wealth 3.0 LLC boosted its stake in Advanced Micro Devices by 11.0% during the fourth quarter. Drucker Wealth 3.0 LLC now owns 2,900 shares of the semiconductor manufacturer’s stock valued at $621,000 after buying an additional 287 shares during the last quarter. Finally, F m Investments LLC boosted its stake in Advanced Micro Devices by 96.2% during the fourth quarter. F m Investments LLC now owns 35,504 shares of the semiconductor manufacturer’s stock valued at $7,604,000 after buying an additional 17,410 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD’s latest earnings and guidance continue to fuel the rally, with the company beating expectations and highlighting strong data-center/AI demand. AMD, Micron shares surge on a big day for chip-sector outperformance
• Positive Sentiment: Analysts are getting more bullish after earnings, including new or raised price targets and higher EPS estimates that suggest further upside if AI server CPU demand stays strong. As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price Target
• Positive Sentiment: Wall Street commentary suggests the AI opportunity is broadening from GPUs to CPUs, which helps position AMD as a key beneficiary of the next phase of AI infrastructure spending. Wall Street sees ‘changing of the guard in AI’ as Intel, AMD shares soar while Nvidia lags
• Neutral Sentiment: Coverage also notes that AMD shares are drawing attention from traders and momentum investors after the stock’s sharp run, which could keep volatility elevated. What Is AMD Stock’s Minimum & Maximum Potential After Earnings?
• Negative Sentiment: Some investors are locking in gains after the huge rally, including Cathie Wood/ARK trimming AMD holdings, which may cap near-term upside. Cathie Wood Dumps More AMD Shares Despite Its Massive 108% Rally. Here’s Why.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Morgan Stanley increased their price target on Advanced Micro Devices from $360.00 to $410.00 and gave the company an “equal weight” rating in a research note on Wednesday. Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. China Renaissance initiated coverage on Advanced Micro Devices in a research note on Tuesday, January 13th. They set a “buy” rating and a $291.00 price target for the company. Finally, Susquehanna increased their price target on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $388.84.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the sale, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. This trade represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 85,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the sale, the chief executive officer directly owned 3,146,006 shares of the company’s stock, valued at $625,331,612.62. This represents a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 304,672 shares of company stock valued at $70,135,070 over the last quarter. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $455.19 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $101.60 and a 52-week high of $456.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.72. The firm has a market capitalization of $742.23 billion, a P/E ratio of 149.24, a P/E/G ratio of 1.41 and a beta of 2.40. The stock has a 50 day moving average price of $243.98 and a 200 day moving average price of $231.76.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly 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 firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same period last year, the company earned $0.96 EPS. Advanced Micro Devices’s quarterly revenue was up 37.8% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 5.99 earnings per share 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.