Orange Investment Advisors Inc. Cuts Stock Holdings in Advanced Micro Devices, Inc. $AMD

Orange Investment Advisors Inc. lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,493 shares of the semiconductor manufacturer’s stock after selling 1,476 shares during the quarter. Orange Investment Advisors Inc.’s holdings in Advanced Micro Devices were worth $3,355,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Patton Fund Management Inc. boosted its stake in shares of Advanced Micro Devices by 13.2% during the first quarter. Patton Fund Management Inc. now owns 1,133 shares of the semiconductor manufacturer’s stock valued at $230,000 after purchasing an additional 132 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Advanced Micro Devices by 107.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 35,172 shares of the semiconductor manufacturer’s stock worth $7,155,000 after buying an additional 18,222 shares in the last quarter. Gunderson Capital Management LLC raised its stake in Advanced Micro Devices by 6.0% in the first quarter. Gunderson Capital Management LLC now owns 43,941 shares of the semiconductor manufacturer’s stock worth $8,939,000 after buying an additional 2,497 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Advanced Micro Devices by 5.2% during the first quarter. Janney Montgomery Scott LLC now owns 201,145 shares of the semiconductor manufacturer’s stock worth $40,919,000 after buying an additional 9,976 shares during the period. Finally, Boomfish Wealth Group LLC purchased a new stake in Advanced Micro Devices during the first quarter worth $1,193,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Seaport Research Partners upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price target on the stock in a report on Wednesday, May 6th. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $345.00 to $505.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Melius Research set a $540.00 price objective on Advanced Micro Devices in a research report on Monday, May 18th. Bank of America lifted their target price on Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Zacks Research downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $440.41.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the transaction, the chief executive officer owned 2,896,899 shares in the company, valued at $1,334,572,400.31. This represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction dated 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 transaction, the director owned 87,173 shares in the company, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 378,032 shares of company stock valued at $161,876,596 in the last 90 days. 0.50% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $521.58 on Monday. Advanced Micro Devices, Inc. has a 12 month low of $133.50 and a 12 month high of $562.99. The stock has a fifty day moving average price of $445.21 and a 200-day moving average price of $296.64. 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 has a market cap of $850.49 billion, a PE ratio of 171.01, a P/E/G ratio of 1.54 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data 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 analysts’ expectations of $9.90 billion. During the same quarter last year, the firm earned $0.96 EPS. The business’s quarterly revenue was up 37.8% on a year-over-year basis. Equities research analysts predict that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current fiscal year.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Wall Street sentiment remains upbeat, with multiple analysts raising AMD price targets in June, including a street-high call from UBS, as firms increasingly view AMD as a bigger player in AI infrastructure and data center CPUs.
• Positive Sentiment: AMD continues to gain credibility in enterprise AI, including recognition from Gartner as a leading server CPU company, which supports the long-term growth case for its data center business. Article Title
• Positive Sentiment: New business wins are also helping sentiment, including a definitive agreement with Rackspace Technology to deploy AMD-based infrastructure, reinforcing demand for AMD chips in cloud and enterprise workloads. Article Title
• Positive Sentiment: Several recent articles argue AMD still has meaningful upside as investors focus on its CPU and AI data center growth, with some bullish commentary suggesting the market may still be underappreciating its long-term earnings power.
• Neutral Sentiment: One recent piece highlighted both the positives and a caution on AMD, noting the stock’s huge six-month run and suggesting investors should stay aware of valuation risk after such a strong rally.
• Negative Sentiment: The semiconductor group has also been under pressure today, with AI chip names, including AMD, softening as momentum in the sector cools and investors rotate out of the space. Article Title
• Negative Sentiment: Bearish/neutral valuation commentary has also picked up, with some coverage questioning whether AMD’s rapid stock gains have already priced in a lot of future growth, which can weigh on the shares in the short term.

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.