Global Trust Asset Management LLC Acquires 1,923 Shares of Advanced Micro Devices, Inc. $AMD

Global Trust Asset Management LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 9,748 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,923 shares during the period. Global Trust Asset Management LLC’s holdings in Advanced Micro Devices were worth $1,983,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMD. Jefferies Financial Group Inc. lifted its holdings in shares of Advanced Micro Devices by 6,228.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock worth $65,966,000 after buying an additional 303,154 shares in the last quarter. Williamson Legacy Group LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $1,118,000. Thoroughbred Financial Services LLC increased its holdings in Advanced Micro Devices by 8.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 32,827 shares of the semiconductor manufacturer’s stock valued at $7,030,000 after acquiring an additional 2,654 shares during the last quarter. Valtinson Bruner Financial Planning LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at $1,523,000. Finally, Weaver Consulting Group purchased a new stake in Advanced Micro Devices in the 4th quarter worth $246,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 7.7%

NASDAQ AMD opened at $580.91 on Wednesday. The company has a fifty day moving average of $456.48 and a two-hundred day moving average of $301.41. The firm has a market capitalization of $947.23 billion, a price-to-earnings ratio of 190.46, a PEG ratio of 1.59 and a beta of 2.50. 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 $133.50 and a 52 week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion during 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%. The firm’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 company earned $0.96 EPS. On average, analysts predict that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Wells Fargo raised its AMD price target to $615 from $505, citing stronger server CPU demand and better long-term visibility. Article Title
• Positive Sentiment: More Wall Street firms are turning bullish on AMD as AI infrastructure spending broadens beyond Nvidia and into chip suppliers. Article Title
• Positive Sentiment: AMD’s strong AI and data center growth narrative continues to attract momentum buyers and options traders. Article Title
• Neutral Sentiment: AMD has seen unusually heavy insider selling over the past six months, which may temper some investor enthusiasm. Article Title

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the transaction, the executive vice president owned 105,222 shares in the company, valued at $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on 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 approximately $1,334,572,400.31. This represents a 4.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 378,032 shares of company stock valued at $161,876,596 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Truist Financial set a $478.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Roth Mkm reaffirmed a “buy” rating and issued a $500.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Wolfe Research set a $450.00 price target on Advanced Micro Devices and gave the company an “outperform” rating in a report on Monday, June 15th. Finally, Bank of America lifted their price objective on Advanced Micro Devices from $500.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $448.78.

About Advanced Micro Devices

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.