4,002 Shares in Advanced Micro Devices, Inc. $AMD Purchased by Sather Financial Group Inc

Sather Financial Group Inc acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,002 shares of the semiconductor manufacturer’s stock, valued at approximately $814,000.

Several other large investors also recently bought and sold shares of AMD. Columbia Bank lifted its stake in Advanced Micro Devices by 0.7% in the 1st quarter. Columbia Bank now owns 5,188 shares of the semiconductor manufacturer’s stock worth $1,055,000 after purchasing an additional 34 shares in the last quarter. Evolution Wealth Management Inc. grew its position in shares of Advanced Micro Devices by 11.0% in the first quarter. Evolution Wealth Management Inc. now owns 352 shares of the semiconductor manufacturer’s stock valued at $72,000 after purchasing an additional 35 shares in the last quarter. Focused Wealth Management Inc grew its position in shares of Advanced Micro Devices by 2.7% in the first quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer’s stock valued at $291,000 after purchasing an additional 37 shares in the last quarter. James J. Burns & Company LLC increased its holdings in shares of Advanced Micro Devices by 2.3% in the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock valued at $389,000 after purchasing an additional 40 shares during the last quarter. Finally, Private Wealth Management Group LLC increased its holdings in shares of Advanced Micro Devices by 24.8% in the first quarter. Private Wealth Management Group LLC now owns 201 shares of the semiconductor manufacturer’s stock valued at $41,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 7.4%

Shares of NASDAQ:AMD traded down $40.93 during midday trading on Tuesday, reaching $511.12. 12,422,560 shares of the company’s stock were exchanged, compared to its average volume of 37,302,523. The stock has a market cap of $833.44 billion, a price-to-earnings ratio of 167.47, a P/E/G ratio of 1.53 and a beta of 2.47. Advanced Micro Devices, Inc. has a fifty-two week low of $135.91 and a fifty-two week high of $584.73. The firm’s 50 day simple moving average is $470.75 and its two-hundred day simple moving average is $308.01. 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 (NASDAQ:AMD) last posted its 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. 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%. Advanced Micro Devices’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wedbush boosted their price objective on Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. UBS Group raised their target price on Advanced Micro Devices from $455.00 to $670.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Bank of America boosted their price target on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. upped their price objective on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Susquehanna raised their price objective on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the stock a “positive” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $453.92.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 6,000 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the sale, the executive vice president owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the sale, the director directly owned 87,173 shares in the company, valued at approximately $45,504,306. The trade was a 9.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 374,739 shares of company stock worth $161,135,671. Insiders own 0.50% of the company’s stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: Wall Street analysts remain constructive on AMD, with Goldman Sachs and Wells Fargo recently raising price targets on expectations for strong server CPU demand, pricing power, and continued AI-related growth. AMD, Nvidia, Micron, Oracle, Dell, Intel, and More Stocks That Explain Today’s Market
• Positive Sentiment: AMD also gained a new AI-use-case catalyst after Turing said it is adopting AMD GPUs for part of its self-driving AI training, which expands AMD beyond data centers and gaming into autonomous vehicles. AMD Gains AI Customer as $600 Million Self-Driving Startup Adopts Its GPUs
• Neutral Sentiment: Recent articles also highlighted AMD’s rapid share-price gains and its approach toward a possible $1 trillion valuation, but these pieces were mostly commentary on momentum rather than new fundamental news. AMD Is 11% Away From Joining the $1 Trillion Club. Could It Get There This Year?
• Negative Sentiment: The main drag today is a broader chip-stock selloff, with AMD falling alongside peers like Nvidia and Intel as investors worry the AI rally is stalling and trading sentiment in semiconductors turns risk-off. Intel and Applied Materials Dive 10%, AMD Craters 8% as Samsung Earnings Trigger Chip Selloff
• Negative Sentiment: Cathie Wood’s ARK Invest sold about $8 million of AMD shares, adding to some near-term caution even as analyst sentiment remains upbeat. AMD Stock: Cathie Wood Sells $8M in AMD Despite Growing Analyst Optimism

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.