SmartHarvest Portfolios LLC Lowers Stake in Advanced Micro Devices, Inc. $AMD

SmartHarvest Portfolios LLC lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.8% during the 1st quarter, HoldingsChannel reports. The fund owned 6,011 shares of the semiconductor manufacturer’s stock after selling 1,578 shares during the period. SmartHarvest Portfolios LLC’s holdings in Advanced Micro Devices were worth $1,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in Advanced Micro Devices during the 4th quarter valued at approximately $4,929,312,000. Jennison Associates LLC boosted its holdings in Advanced Micro Devices by 181.6% in the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after acquiring an additional 7,035,991 shares in the last quarter. Cardano Risk Management B.V. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth $1,000,783,000. Wellington Management Group LLP grew its stake in shares of Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock worth $784,330,000 after acquiring an additional 3,735,807 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Advanced Micro Devices by 340.1% during the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock valued at $1,016,796,000 after acquiring an additional 3,669,054 shares in the last quarter. Hedge funds and other institutional investors 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: UBS raised its AMD price target to $670, reinforcing the bullish case around data center growth and long-term revenue expansion. 5-star analyst sets jaw-dropping AMD stock price target
• Positive Sentiment: Analysts and research firms continue to highlight AMD’s AI server CPU momentum and rising data center revenues, which could support further upside if execution stays strong. AMD’s Supercomputing Gains Fuel AI Data Center Growth: What’s Ahead?
• Positive Sentiment: Gartner called AMD “the company to beat” for enterprise AI server CPUs, adding credibility to the company’s competitive position in a key growth market. Gartner Says AMD Is the ‘Company to Beat for Enterprise AI Server CPUs’
• Positive Sentiment: Micron’s blowout earnings lifted optimism across AI infrastructure spending, which can spill over to AMD as investors reassess demand for semis tied to the AI buildout. Why Is AMD Stock Gaining Thursday?
• Neutral Sentiment: Multiple articles compared AMD with Nvidia and other AI chip peers, but most emphasized that Nvidia still leads on growth and margins, keeping AMD’s valuation debate alive rather than clearly changing the fundamentals. Battle of the Artificial Intelligence (AI) Computing Companies: Is AMD, Broadcom, Nvidia, or Marvell the Best Stock to Buy Now?
• Neutral Sentiment: Broad AI-chip enthusiasm remains intact, but a separate note said the broader semiconductor complex did not fully participate in Micron’s rally, so sector momentum is helping AMD only indirectly. Why Micron earnings aren’t driving Intel, AMD shares higher?

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Oppenheimer downgraded shares of Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a research report on Wednesday, May 6th. Seaport Research Partners upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price objective for the company in a research note on Wednesday, May 6th. Wedbush lifted their target price on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada upped their target price on shares of Advanced Micro Devices from $325.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $440.41.

Insiders Place Their Bets

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the transaction, the director directly owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. This represents a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders 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 Price Performance

NASDAQ AMD opened at $532.57 on Friday. The stock has a market capitalization of $868.41 billion, a price-to-earnings ratio of 174.61, a PEG ratio of 1.53 and a beta of 2.50. Advanced Micro Devices, Inc. has a 1-year low of $133.50 and a 1-year high of $562.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The business’s fifty day moving average price is $439.94 and its 200-day moving average price is $294.52.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 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%.Advanced Micro Devices’s revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current year.

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.