Keystone Financial Group Sells 5,843 Shares of Advanced Micro Devices, Inc. $AMD

Keystone Financial Group lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,849 shares of the semiconductor manufacturer’s stock after selling 5,843 shares during the period. Advanced Micro Devices makes up about 1.3% of Keystone Financial Group’s investment portfolio, making the stock its 17th biggest holding. Keystone Financial Group’s holdings in Advanced Micro Devices were worth $17,743,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AMD. Joseph Group Capital Management bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Koesten Hirschmann & Crabtree INC. increased its stake in Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Aviso Financial Inc. increased its stake in Advanced Micro Devices by 400.0% in the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Delos Wealth Advisors LLC increased its stake in Advanced Micro Devices by 100.0% in the third quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA raised its position in shares of Advanced Micro Devices by 74.1% during the third quarter. LFA Lugano Financial Advisors SA now owns 235 shares of the semiconductor manufacturer’s stock worth $38,000 after purchasing an additional 100 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AMD shares. Zacks Research raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Stifel Nicolaus raised their price target 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. Finally, Melius Research set a $540.00 price target on Advanced Micro Devices in a research report on Monday. Two investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $410.00.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD announced production ramp of its 6th Gen EPYC “Venice” chips on TSMC’s 2nm technology, a major manufacturing milestone that could strengthen its competitiveness in servers and AI infrastructure.
• Positive Sentiment: AMD said it will invest more than $10 billion in Taiwan’s AI ecosystem to expand advanced packaging and manufacturing partnerships, including work with ASE, SPIL and other suppliers, which should help scale future AI products. Article Title
• Positive Sentiment: Reuters reported Amkor is working with AMD on advanced packaging, reinforcing the idea that AMD is broadening its manufacturing ecosystem to support next-gen chip launches. Article Title
• Positive Sentiment: Analysts and market commentary remain constructive, with several notes highlighting AMD’s expanding AI CPU opportunity and the potential for continued upside as the AI trade broadens beyond Nvidia. Article Title
• Positive Sentiment: Bank of America and other firms have recently named AMD among their preferred AI chip stocks, which can help sentiment and support the stock’s valuation. Article Title
• Neutral Sentiment: Some articles frame the stock as expensive after a huge run, suggesting investors may be debating valuation even as the fundamental AI narrative improves.
• Negative Sentiment: AMD also got pulled lower in some broader chip-trade weakness after Nvidia’s earnings-related volatility, showing the stock can move with the semiconductor group rather than on AMD-specific news alone. Article Title

Advanced Micro Devices Trading Up 0.4%

AMD opened at $449.59 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $107.67 and a 12 month high of $469.21. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The firm’s fifty day simple moving average is $292.17 and its 200 day simple moving average is $245.31. The stock has a market capitalization of $733.10 billion, a P/E ratio of 147.41, a P/E/G ratio of 1.33 and a beta of 2.40.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. The business’s revenue was up 37.8% on a year-over-year basis. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total transaction 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. This represents a 3.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 31,320 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the transaction, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. This trade represents a 2.47% 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 sold a total of 309,598 shares of company stock valued at $105,644,316 in the last quarter. 0.50% of the stock is currently owned by insiders.

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.