Armistice Capital LLC Takes $10 Million Position in Advanced Micro Devices, Inc. $AMD

Armistice Capital LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,703 shares of the semiconductor manufacturer’s stock, valued at approximately $10,002,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. James J. Burns & Company LLC raised its stake in shares of Advanced Micro Devices by 2.3% during the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock valued at $389,000 after purchasing an additional 40 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its stake in Advanced Micro Devices by 0.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer’s stock valued at $1,052,000 after acquiring an additional 43 shares in the last quarter. Willis Johnson & Associates Inc. grew its stake in shares of Advanced Micro Devices by 1.9% in the 4th quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock valued at $493,000 after buying an additional 44 shares in the last quarter. Smith Moore & CO. grew its stake in shares of Advanced Micro Devices by 1.1% in the 3rd quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer’s stock valued at $641,000 after buying an additional 45 shares in the last quarter. Finally, Spirepoint Private Client LLC grew its stake in shares of Advanced Micro Devices by 3.2% in the 4th quarter. Spirepoint Private Client LLC now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $307,000 after buying an additional 45 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares of the company’s stock, valued at $45,504,306. This trade represents a 9.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the 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 completion of the sale, the chief executive officer directly owned 2,896,899 shares of the company’s stock, valued at approximately $1,334,572,400.31. The trade was 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 a total of 378,032 shares of company stock worth $161,876,596 over the last three months. Company insiders own 0.50% 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 signed a definitive agreement with Rackspace to deploy an initial 30 MW of AMD-based AI compute across Rackspace’s global data centers, strengthening AMD’s enterprise AI growth story. Article Title
• Positive Sentiment: Citi raised AMD to Buy and lifted its target to $575, citing major GPU sales potential at Meta and a booming agentic AI server CPU market. Article Title
• Positive Sentiment: Bernstein’s “CPU renaissance” note and related price-target hikes reinforced expectations for stronger data-center CPU demand, with AMD seen as a key beneficiary. Article Title
• Positive Sentiment: AMD’s move to address AI memory bottlenecks with its MEXT acquisition and other ecosystem efforts supports the company’s long-term AI platform strategy. Article Title
• Neutral Sentiment: EVP Mark D. Papermaster sold 6,000 shares under a pre-arranged 10b5-1 plan; this is notable but less likely to change the business outlook. Article Title

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $512.48 on Thursday. The firm has a market capitalization of $835.65 billion, a P/E ratio of 168.03, a PEG ratio of 1.48 and a beta of 2.50. Advanced Micro Devices, Inc. has a 1 year low of $125.77 and a 1 year high of $558.37. The business has a 50-day moving average of $404.65 and a 200-day moving average of $281.16. 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 earnings results 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 company 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 company’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, equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMD. Raymond James Financial began coverage on Advanced Micro Devices in a research report on Wednesday, May 6th. They set a “market perform” rating for the company. Roth Mkm reissued a “buy” rating and issued a $500.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company upped their target price on Advanced Micro Devices from $345.00 to $505.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, TD Cowen increased their price objective on Advanced Micro Devices from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $430.68.

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.