13,340 Shares in Advanced Micro Devices, Inc. $AMD Purchased by Altrafin AG

Altrafin AG purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 13,340 shares of the semiconductor manufacturer’s stock, valued at approximately $2,857,000. Advanced Micro Devices makes up about 0.9% of Altrafin AG’s portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMD. Joseph Group Capital Management purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth about $25,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth about $27,000. Basepoint Wealth LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Aviso Financial Inc. grew its holdings in shares of Advanced Micro Devices by 400.0% during the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 160 shares during the last quarter. Finally, Delos Wealth Advisors LLC grew its holdings in shares of Advanced Micro Devices by 100.0% during the third quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised Advanced Micro Devices from a “buy” rating to a “buy” rating in a report on Friday. Bank of America lifted their price objective on Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a report on Thursday. Northland Securities reaffirmed a “market perform” rating and issued a $260.00 price objective on shares of Advanced Micro Devices in a report on Monday, April 27th. Morgan Stanley lifted their price objective on Advanced Micro Devices from $360.00 to $410.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $424.59.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $511.57 on Friday. The business’s 50 day simple moving average is $386.41 and its 200-day simple moving average is $274.18. The firm has a market capitalization of $834.17 billion, a price-to-earnings ratio of 167.73, a price-to-earnings-growth ratio of 1.50 and a beta of 2.50. 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 12 month low of $115.06 and a 12 month high of $546.44.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly 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 business had revenue of $10.25 billion for 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 company’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS. As a group, equities analysts forecast 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 news, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction that occurred 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 through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This trade represents a 9.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 372,032 shares of company stock worth $158,658,616. Corporate insiders own 0.50% of the company’s stock.

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.