Jag Capital Management LLC Decreases Stock Holdings in Advanced Micro Devices, Inc. $AMD

Jag Capital Management LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 85,279 shares of the semiconductor manufacturer’s stock after selling 33,324 shares during the quarter. Advanced Micro Devices accounts for approximately 2.0% of Jag Capital Management LLC’s investment portfolio, making the stock its 17th largest position. Jag Capital Management LLC’s holdings in Advanced Micro Devices were worth $18,263,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMD. Joseph Group Capital Management purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Koesten Hirschmann & Crabtree INC. lifted its position in shares of Advanced Micro Devices by 61.0% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 61 shares during the period. Aviso Financial Inc. lifted its position in shares of Advanced Micro Devices by 400.0% in the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 160 shares during the period. Delos Wealth Advisors LLC increased its position 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 valued at $32,000 after buying an additional 100 shares during the period. Finally, LFA Lugano Financial Advisors SA raised its stake in Advanced Micro Devices by 74.1% in the third quarter. LFA Lugano Financial Advisors SA now owns 235 shares of the semiconductor manufacturer’s stock worth $38,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research reports. Wall Street Zen raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. Benchmark increased their price target on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. BTIG Research raised shares of Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $345.00 to $505.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $410.00.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Citi raised its AMD price target to $460, citing a much larger server CPU market opportunity tied to AI-driven demand, even though the firm kept a Neutral rating. AMD Price Target Vaults to $460 at Citi on $132 Billion CPU Forecast. So Why Neutral?
• Positive Sentiment: Several recent articles and analyst notes argue AMD is benefiting from strong AI infrastructure spending, rising enterprise CPU demand, and continued momentum in data-center chips. The $132 Billion Infrastructure Pivot You Might Have Missed
• Positive Sentiment: Wall Street commentary continues to favor AMD after its strong rally this year, with some pieces suggesting the stock could still have room to run toward $500 if AI chip demand and server CPU share gains persist. Should Investors Buy AMD Stock Instead of Nvidia?
• Neutral Sentiment: AMD is still being compared favorably with Nvidia, but some analysts say the valuation already reflects a lot of optimism, which may limit near-term upside. AMD: Priced Like A Leader, Operating In Nvidia’s Shadow
• Negative Sentiment: Some traders are warning that semiconductors have become a crowded trade, raising the risk of pullbacks if AI enthusiasm cools or money rotates out of chip stocks. Nvidia, AMD Bulls Beware — Wall Street’s Most Crowded Trade Just Flashed A Sell Warning
• Negative Sentiment: AMD also faced some short-term pressure from broader chip-sector weakness and investor caution after a strong multiweek run, which may be contributing to today’s softer trading. Nasdaq Finishes Lower. The Chip Stock Selloff Gathers Steam.

Insider Activity

In other news, EVP Mark D. Papermaster sold 31,320 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 1,236,037 shares in the company, valued at $432,612,950. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the sale, the chief executive officer owned 3,021,899 shares in the company, valued at approximately $1,346,286,223.49. The trade was a 3.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 309,598 shares of company stock worth $105,644,316 over the last 90 days. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 1.6%

NASDAQ:AMD opened at $414.05 on Wednesday. The company’s 50 day moving average price is $282.35 and its 200-day moving average price is $242.59. Advanced Micro Devices, Inc. has a 52 week low of $107.67 and a 52 week high of $469.21. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The stock has a market cap of $675.15 billion, a price-to-earnings ratio of 135.75, a PEG ratio of 1.25 and a beta of 2.40.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 37.8% on a year-over-year basis. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal 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.