Pacer Advisors Inc. Purchases 84,077 Shares of Advanced Micro Devices, Inc. $AMD

Pacer Advisors Inc. grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 393,942 shares of the semiconductor manufacturer’s stock after buying an additional 84,077 shares during the period. Pacer Advisors Inc.’s holdings in Advanced Micro Devices were worth $84,367,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMD. Nolet Wealth Management LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $269,000. Stone Wealth Partners acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $475,000. Floyd Financial Group LLC increased its position in Advanced Micro Devices by 3.5% in the fourth quarter. Floyd Financial Group LLC now owns 7,250 shares of the semiconductor manufacturer’s stock worth $1,451,000 after purchasing an additional 242 shares during the period. MV Capital Management Inc. bought a new stake in Advanced Micro Devices during the 4th quarter worth about $378,000. Finally, SB Capital Management Inc bought a new stake in Advanced Micro Devices during the 4th quarter worth about $255,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Bernstein raised its price target on AMD to $600, citing strong AI infrastructure demand and improving server CPU trends. Why Is AMD Stock Gaining Thursday?
• Positive Sentiment: Citi upgraded AMD to Buy and lifted its target to $575, pointing to potential GPU sales to Meta and broader upside in the AI server CPU market. Citi Upgrades AMD Stock to ‘Buy’ on Massive Meta GPU Sales Potential
• Positive Sentiment: AMD announced it is acquiring MEXT, a memory optimization company, which could strengthen AMD’s AI data center offerings by helping address workload bottlenecks. AMD (AMD) Buys MEXT To Tackle AI Data Center Memory Bottlenecks
• Positive Sentiment: AMD signed a definitive agreement with Rackspace to deploy 30 MW of AMD-based AI compute across Rackspace’s global data centers, expanding its enterprise AI footprint. AMD and Rackspace Team Up on a 30 MW AI Compute Agreement
• Neutral Sentiment: Some commentary warned AMD may have run too far, too fast, and another article flagged margin pressure as the company shifts deeper into AI growth bets. One Warning Signal AMD Investors Can’t Miss
• Neutral Sentiment: There was also an insider sale by EVP Mark Papermaster, but it was made under a pre-arranged trading plan, limiting the negative signal for investors. Mark Papermaster Sells 6,000 Shares of Advanced Micro Devices (NASDAQ:AMD) Stock

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $539.33 on Friday. The firm has a market capitalization of $879.43 billion, a P/E ratio of 176.83, a PEG ratio of 1.50 and a beta of 2.50. Advanced Micro Devices, Inc. has a 1 year low of $126.82 and a 1 year high of $558.37. The business has a 50-day moving average of $411.01 and a 200-day moving average of $283.43. 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 announced its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.Advanced Micro Devices’s revenue was up 37.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AMD shares. Citigroup lowered shares of Advanced Micro Devices from a “buy” rating to a “market perform” rating in a research note on Friday, June 12th. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Weiss Ratings upgraded shares of Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Oppenheimer cut shares of Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a research note on Wednesday, May 6th. Finally, Zacks Research lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $430.68.

Insider Activity

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 24,376 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 31,320 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the sale, the executive vice president owned 1,236,037 shares in the company, valued at approximately $432,612,950. This trade represents a 2.47% 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. In the last 90 days, insiders have sold 378,032 shares of company stock valued at $161,876,596. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices 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.