Perseverance Asset Management International Invests $6.10 Million in Advanced Micro Devices, Inc. $AMD

Perseverance Asset Management International acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,000 shares of the semiconductor manufacturer’s stock, valued at approximately $6,103,000. Advanced Micro Devices comprises 0.7% of Perseverance Asset Management International’s holdings, making the stock its 17th largest position.

Several other hedge funds have also made changes to their positions in AMD. Joseph Group Capital Management acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $27,000. Cornerstone Financial Management LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at $33,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD’s multibillion-dollar Anthropic agreement could secure a large, multi-year pipeline of AI chip sales and deepen its position in the data center market. Article Title
• Positive Sentiment: AMD unveiled its new Helios AI rack-scale system and a broader full-stack AI roadmap, signaling a more direct challenge to Nvidia in high-growth AI infrastructure. Article Title
• Positive Sentiment: Benchmark reportedly raised its price target on AMD to $685, adding to bullish analyst sentiment around the stock. Article Title
• Positive Sentiment: AMD also announced an AI inference partnership with Cerebras, which could improve latency and efficiency for next-generation AI workloads. Article Title
• Neutral Sentiment: Broad strength in semiconductor names after strong Intel results is helping sentiment across the chip sector, including AMD. Article Title
• Negative Sentiment: Late-day weakness in the technology sector is creating some pressure on AMD and other AI stocks, partly due to capex and macro concerns. Article Title

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at $1,334,572,400.31. The trade was a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 310,310 shares of company stock worth $141,185,456 in the last quarter. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMD. Weiss Ratings raised Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Citigroup raised shares of Advanced Micro Devices from a “market perform” rating to a “buy” rating in a report on Wednesday. Raymond James Financial began coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a “market perform” rating for the company. TD Cowen raised their price objective on shares of Advanced Micro Devices from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $505.00 to $615.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $480.14.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $539.69 on Friday. The business’s fifty day moving average price is $510.65 and its two-hundred day moving average price is $339.41. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The stock has a market capitalization of $880.02 billion, a price-to-earnings ratio of 176.95, a price-to-earnings-growth ratio of 1.60 and a beta of 2.47. 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 released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during 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 business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 earnings per share. As a group, analysts predict that Advanced Micro Devices, Inc. will post 6.25 EPS for the current fiscal year.

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.