Rossmore Private Capital Has $1.83 Million Stake in Advanced Micro Devices, Inc. $AMD

Rossmore Private Capital boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 62.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,521 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,262 shares during the period. Rossmore Private Capital’s holdings in Advanced Micro Devices were worth $1,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Roberts Glore & Co. Inc. IL acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $220,000. Abacus Wealth Partners LLC increased its holdings in Advanced Micro Devices by 146.7% in the fourth quarter. Abacus Wealth Partners LLC now owns 13,386 shares of the semiconductor manufacturer’s stock valued at $2,867,000 after purchasing an additional 7,961 shares during the period. Aspire Growth Partners LLC increased its holdings in Advanced Micro Devices by 5.9% in the fourth quarter. Aspire Growth Partners LLC now owns 2,783 shares of the semiconductor manufacturer’s stock valued at $596,000 after purchasing an additional 156 shares during the period. Staley Capital Advisers Inc. acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $266,000. Finally, iA Global Asset Management Inc. increased its holdings in Advanced Micro Devices by 7.7% in the fourth quarter. iA Global Asset Management Inc. now owns 202,412 shares of the semiconductor manufacturer’s stock valued at $43,349,000 after purchasing an additional 14,482 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 31,320 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the transaction, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. This represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 have sold 309,598 shares of company stock valued at $105,644,316 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on AMD shares. Benchmark increased their price objective on Advanced Micro Devices from $325.00 to $485.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Raymond James Financial initiated coverage on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. They set a “market perform” rating on the stock. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $360.00 to $410.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Roth Mkm reaffirmed a “buy” rating and set a $500.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $396.95.

Advanced Micro Devices Price Performance

AMD stock opened at $424.10 on Monday. The stock has a market capitalization of $691.54 billion, a PE ratio of 139.05, a price-to-earnings-growth ratio of 1.26 and a beta of 2.40. The company’s 50-day moving average is $273.49 and its 200-day moving average is $240.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a 1 year low of $107.67 and a 1 year high of $469.21.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business’s revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Q1 earnings and revenue both topped expectations, with data center sales up sharply on strong demand for EPYC CPUs and Instinct GPUs.
• Positive Sentiment: Several analysts raised price targets after the earnings report, citing AMD’s accelerating AI and data center growth.
• Positive Sentiment: AMD expanded FSR 4.1 support to older GPUs and introduced new Ryzen PRO 9000 offerings, reinforcing product momentum in client and gaming.

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.