Paragon Capital Management Inc. Boosts Stock Position in Advanced Micro Devices, Inc. $AMD

Paragon Capital Management Inc. increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 98.9% in the 1st quarter, HoldingsChannel reports. The fund owned 4,838 shares of the semiconductor manufacturer’s stock after buying an additional 2,406 shares during the quarter. Paragon Capital Management Inc.’s holdings in Advanced Micro Devices were worth $984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after purchasing an additional 2,525,109 shares in the last quarter. State Street Corp lifted its stake in shares of Advanced Micro Devices by 1.5% during the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock valued at $16,044,712,000 after buying an additional 1,094,835 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Advanced Micro Devices by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock worth $8,015,897,000 after buying an additional 287,525 shares during the period. Norges Bank bought a new position in Advanced Micro Devices in the 4th quarter worth $4,929,312,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Advanced Micro Devices by 0.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer’s stock worth $4,352,864,000 after buying an additional 55,969 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $551.63 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $899.49 billion, a P/E ratio of 180.86, a P/E/G ratio of 1.58 and a beta of 2.50. Advanced Micro Devices, Inc. has a 12 month low of $126.82 and a 12 month high of $562.99. The business’s 50-day moving average is $423.46 and its 200 day moving average is $288.05.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same quarter last year, the business posted $0.96 EPS. The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president owned 1,236,037 shares in the company, valued at approximately $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the transaction, the director owned 87,173 shares of the company’s stock, valued at $45,504,306. This trade represents a 9.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 378,032 shares of company stock worth $161,876,596. 0.50% of the stock is owned by corporate insiders.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD gained after expanding FSR GPU driver support to older graphics cards, a move that could improve customer satisfaction and extend the life of its GPU ecosystem. Article Title
• Positive Sentiment: AMD was also supported by broader strength in chip stocks, as investors rotated into semiconductors on improving risk sentiment and continued AI spending optimism. Article Title
• Positive Sentiment: Commentary highlighted AMD as a strong AI-chip contender that could benefit from further growth in data center and networking demand, reinforcing the bullish long-term narrative. Article Title
• Neutral Sentiment: Several articles framed AMD as having already doubled this year and trading well above technical support levels, which may prompt some investors to question how much upside is left near current highs. Article Title
• Negative Sentiment: Investor caution also came from reports that David Tepper’s Appaloosa trimmed its AMD stake by about 32%, which can be read as a modest confidence signal against the stock’s recent surge. Article Title
• Negative Sentiment: Another bearish headline noted heavy insider selling, with more than $60 million in AMD shares reportedly sold in early June, which may raise concerns about valuation and near-term upside. Article Title

Analysts Set New Price Targets

Several equities analysts have recently commented on AMD shares. Sanford C. Bernstein set a $600.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Seaport Research Partners raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 target price on the stock in a research note on Wednesday, May 6th. DA Davidson boosted their price target on Advanced Micro Devices from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Truist Financial set a $478.00 price target on Advanced Micro Devices in a research note on Wednesday, May 6th. Finally, Wedbush increased their price objective on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $430.68.

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.