Burney Co. Sells 1,410 Shares of Advanced Micro Devices, Inc. $AMD

Burney Co. trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 15,170 shares of the semiconductor manufacturer’s stock after selling 1,410 shares during the period. Burney Co.’s holdings in Advanced Micro Devices were worth $3,086,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Jefferies Financial Group Inc. boosted its position in Advanced Micro Devices by 6,228.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock valued at $65,966,000 after purchasing an additional 303,154 shares in the last quarter. Boomfish Wealth Group LLC bought a new position in Advanced Micro Devices in the first quarter worth about $1,193,000. Williamson Legacy Group LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $1,118,000. Thoroughbred Financial Services LLC lifted its position in shares of Advanced Micro Devices by 8.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 32,827 shares of the semiconductor manufacturer’s stock valued at $7,030,000 after buying an additional 2,654 shares during the last quarter. Finally, Valtinson Bruner Financial Planning LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $1,523,000. 71.34% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the business’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 owned 87,173 shares in the company, valued at approximately $45,504,306. The trade was a 9.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 374,739 shares of company stock worth $161,135,671 in the last quarter. 0.50% of the stock is owned by insiders.

Advanced Micro Devices Trading Down 6.5%

Shares of Advanced Micro Devices stock opened at $516.11 on Wednesday. The firm’s 50 day simple moving average is $479.06 and its two-hundred day simple moving average is $312.66. The firm has a market capitalization of $841.57 billion, a price-to-earnings ratio of 169.22, a PEG ratio of 1.63 and a beta of 2.47. Advanced Micro Devices, Inc. has a 12-month low of $135.91 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 data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business’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 firm posted $0.96 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMD. Cantor Fitzgerald lifted their price objective on shares of Advanced Micro Devices from $500.00 to $700.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Bank of America raised their target price on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Wells Fargo & Company lifted their price target on shares of Advanced Micro Devices from $505.00 to $615.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Raymond James Financial initiated coverage on Advanced Micro Devices in a research report on Wednesday, May 6th. They set a “market perform” rating on the stock. Finally, Sanford C. Bernstein set a $600.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $453.92.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Goldman Sachs and Wells Fargo both raised their AMD price targets, citing stronger-than-expected server CPU demand and continued upside from AMD’s EPYC/data center business. Goldman Sachs resets AMD stock price target for the rest of 2026
• Positive Sentiment: AMD announced a new autonomous-driving customer, Turing, and said the startup is using AMD GPUs for part of its AI training, adding another real-world use case for its AI accelerators. AMD Just Scored a New Autonomous Driving Customer. It’s Aiming at Nvidia in Another Arena.
• Positive Sentiment: Recent coverage highlighted AMD’s expanding AI footprint, including Ryzen AI momentum and the stock’s growing appeal as investors look for more upside in data center and AI-related chips. AMD Ryzen Strengthens Agentic AI Footprint: More Upside Ahead?
• Neutral Sentiment: AMD’s recent gains and valuation remain a focal point, with commentary noting the stock has run far enough that investors are debating whether much of the AI upside is already reflected in the share price. Will AMD Be a $1 Trillion Company Before 2026 Is Over?
• Negative Sentiment: The main pressure on AMD came from a broad chip-sector pullback, with tech and AI stocks selling off on profit-taking and worries about stretched valuations. Here’s Why Advanced Micro Devices (AMD) Fell More Than Broader Market
• Negative Sentiment: Michael Burry’s reported short bets against Nvidia, Micron, and AMD added to cautious sentiment around the AI infrastructure trade. Michael Burry Just Revealed His Next Big Short, and It’s a Bet Against Nvidia, Micron, and AMD

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.