Piar LLC Trims Stake in Advanced Micro Devices, Inc. $AMD

Piar LLC reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.1% in the 1st quarter, Holdings Channel reports. The firm owned 4,372 shares of the semiconductor manufacturer’s stock after selling 3,053 shares during the period. Piar LLC’s holdings in Advanced Micro Devices were worth $889,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after purchasing an additional 234 shares during the period. Sivia Capital Partners LLC increased its stake in Advanced Micro Devices by 125.1% in the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after purchasing an additional 2,970 shares during the period. United Bank raised its holdings in shares of Advanced Micro Devices by 22.0% in the second quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock valued at $1,881,000 after buying an additional 2,392 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake in shares of Advanced Micro Devices by 361.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock worth $1,310,000 after buying an additional 7,228 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

More Advanced Micro Devices News

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

• Positive Sentiment: Microsoft expanded its strategic partnership with AMD and will deploy AMD Helios rack-scale AI systems at scale on Azure, giving AMD a major new customer and validating its push into full-stack AI infrastructure. AMD launches Helios, its first rack AI system to rival Nvidia, adding Microsoft as newest buyer
• Positive Sentiment: Several analysts raised price targets or turned more bullish ahead of AMD’s AI event, suggesting Wall Street expects stronger product momentum and potential upside from new announcements. AMD’s Big AI Moment Is Here: 6 Wall Street Analysts Just Placed Their Bets
• Positive Sentiment: AMD continues to benefit from broad chip-sector strength and a rebound in AI names, with traders rotating back into semiconductors after a recent selloff. Stock Market Today: Nasdaq Clings To A Gain After Trump Comments; AMD Rises (Live Coverage)
• Positive Sentiment: Coverage around AMD’s hyperscaler deals and strong data-center growth highlights a longer-term revenue story, especially if the Microsoft win leads to more deployments. AMD: Hyperscaler Deals Drive Growth

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMD shares. Roth Capital reissued a “buy” rating and set a $500.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Wall Street Zen raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday. Weiss Ratings upgraded Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Stifel Nicolaus increased their price target on Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, HSBC lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lifted their price objective for the company from $335.00 to $340.00 in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $468.65.

Insiders Place Their Bets

In related news, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 31,320 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was 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 in the company, valued at $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 341,630 shares of company stock worth $152,147,456. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $503.57 on Tuesday. The company has a market cap of $821.12 billion, a price-to-earnings ratio of 165.11, a price-to-earnings-growth ratio of 1.43 and a beta of 2.47. The stock has a 50 day simple moving average of $504.79 and a 200-day simple moving average of $332.48. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.26 EPS for the current year.

Advanced Micro Devices 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.