Watchman Group Inc. Purchases New Stake in Advanced Micro Devices, Inc. $AMD

Watchman Group Inc. purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 14,270 shares of the semiconductor manufacturer’s stock, valued at approximately $3,056,000.

Other institutional investors also recently bought and sold shares of the company. Joseph Group Capital Management purchased a new stake in Advanced Micro Devices during the fourth quarter worth $25,000. Koesten Hirschmann & Crabtree INC. boosted its position in Advanced Micro Devices by 61.0% during the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Key Capital Management INC purchased a new stake in Advanced Micro Devices during the fourth quarter worth $38,000. PFS Partners LLC boosted its position in Advanced Micro Devices by 269.2% during the fourth quarter. PFS Partners LLC now owns 192 shares of the semiconductor manufacturer’s stock worth $41,000 after purchasing an additional 140 shares in the last quarter. Finally, Aviso Financial Inc. boosted its position in Advanced Micro Devices by 400.0% during the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 160 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Stifel Nicolaus boosted their target price on Advanced Micro Devices from $320.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Bank of America boosted their target price on Advanced Micro Devices from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Jefferies Financial Group downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company upped their price objective on Advanced Micro Devices from $345.00 to $505.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $404.03.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Several analysts turned more constructive on AMD after its strong Q1 results and rising server-CPU demand. Citi lifted its price target to $460, Mizuho raised its target to $515, and Evercore reiterated an Outperform rating, citing a larger AI-driven server CPU market. Citi lifts price targets on Intel and AMD, sees CPU TAM of $132B by 2030
• Positive Sentiment: Investor optimism remains supported by AMD’s Q1 earnings beat, with revenue up sharply year over year and data-center revenue hitting a record level. That reinforces the view that AMD’s AI data center business is still gaining traction. Advanced Micro Devices (AMD): The Fastest Growing S&P 500 Stock to Buy Now
• Positive Sentiment: AMD also disclosed a stake in Marvell Technology, which drew attention as a potentially smart capital-allocation move and may signal confidence in the semiconductor cycle. AMD Reveals A $6.5 Million Marvell Bet That’s Already Soaring
• Neutral Sentiment: Commentary around AMD’s AI roadmap continues to be favorable, with several pieces arguing the stock could have more upside over the next few years if server CPU and accelerator growth keeps accelerating. Prediction: AMD Stock Is Going to Triple in 5 Years, Thanks to This $120 Billion Opportunity
• Negative Sentiment: Broader semiconductor weakness is weighing on sentiment, with the Nasdaq lower and chip stocks selling off as investors take profits after the AI rally. That can pressure AMD even when company-specific news is positive. Nasdaq Finishes Lower. The Chip Stock Selloff Gathers Steam.
• Negative Sentiment: Geopolitical risk is also a concern: reports highlighted that a potential Chinese blockade of Taiwan could disrupt TSMC production and shipments for AMD and other major chip customers, exposing the sector to supply-chain shocks. Chinese Blockade Risks Put TSMC’s Central Chip Role Under Scrutiny

Insider Activity at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 24,376 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the transaction, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $445.51, for a total value of $55,688,750.00. Following the completion of the transaction, the chief executive officer owned 3,021,899 shares of the company’s stock, valued at $1,346,286,223.49. The trade was a 3.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 309,598 shares of company stock worth $105,644,316. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Down 0.7%

Shares of NASDAQ:AMD opened at $420.99 on Tuesday. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52-week low of $107.67 and a 52-week high of $469.21. The stock’s fifty day simple moving average is $277.92 and its 200-day simple moving average is $241.53. The company has a market capitalization of $686.47 billion, a P/E ratio of 138.03, a P/E/G ratio of 1.26 and a beta of 2.40.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08. The business 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 business’s revenue was up 37.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share 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.