Sei Investments Co. Grows Holdings in Advanced Micro Devices, Inc. $AMD

Sei Investments Co. grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 34.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,744,530 shares of the semiconductor manufacturer’s stock after acquiring an additional 442,463 shares during the period. Sei Investments Co.’s holdings in Advanced Micro Devices were worth $354,886,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd boosted its position in Advanced Micro Devices by 12.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock worth $43,000 after purchasing an additional 24 shares in the last quarter. Columbia Bank increased its position in shares of Advanced Micro Devices by 0.7% in the first quarter. Columbia Bank now owns 5,188 shares of the semiconductor manufacturer’s stock valued at $1,055,000 after buying an additional 34 shares in the last quarter. Evolution Wealth Management Inc. raised its stake in shares of Advanced Micro Devices by 11.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 352 shares of the semiconductor manufacturer’s stock worth $72,000 after buying an additional 35 shares during the period. Focused Wealth Management Inc raised its stake in shares of Advanced Micro Devices by 2.7% during the 1st quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer’s stock worth $291,000 after buying an additional 37 shares during the period. Finally, James J. Burns & Company LLC lifted its position in shares of Advanced Micro Devices by 2.3% during the 4th quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock valued at $389,000 after buying an additional 40 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction on 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 completion of the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was 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 $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 341,630 shares of company stock valued at $152,147,456 in the last 90 days. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMD. Needham & Company LLC raised shares of Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Susquehanna increased their price objective on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a report on Wednesday, May 6th. Royal Bank Of Canada boosted 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. Erste Group Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Finally, Roth Capital reiterated a “buy” rating and issued a $500.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $468.65.

Key Advanced Micro Devices News

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

• Positive Sentiment: Anthropic’s multi-year plan to deploy up to 2GW of AMD Instinct MI450 GPUs could become a major new revenue stream for AMD. AMD and Anthropic Sign Major Chips-and-Investment Deal
• Positive Sentiment: AMD’s planned investment in Anthropic signals a deeper strategic alliance and could help the company win more AI infrastructure customers. AMD to invest up to $5 billion in Anthropic, WSJ Reports
• Positive Sentiment: Analysts are becoming more confident that the Anthropic deal can improve AMD’s long-term revenue outlook and help narrow the gap with Nvidia. AMD Stock Rises as Wells Fargo Gains ‘Further Confidence’ in Revenue after Anthropic Deal
• Neutral Sentiment: AMD also remains in focus ahead of its Aug. 4 earnings report and upcoming AI event, keeping expectations elevated for more customer wins and product updates.

Advanced Micro Devices Stock Up 1.5%

Shares of NASDAQ AMD opened at $552.33 on Thursday. The stock has a market cap of $900.63 billion, a PE ratio of 181.09, a P/E/G ratio of 1.58 and a beta of 2.47. 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, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73. The company has a 50-day moving average of $508.85 and a 200 day moving average of $337.19.

Advanced Micro Devices (NASDAQ:AMD) last released its 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. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business’s revenue was up 37.8% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.25 EPS for the current fiscal 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.