KBC Group NV Cuts Stake in Advanced Micro Devices, Inc. $AMD

KBC Group NV lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,057,142 shares of the semiconductor manufacturer’s stock after selling 29,456 shares during the quarter. Advanced Micro Devices makes up approximately 1.3% of KBC Group NV’s portfolio, making the stock its 13th largest holding. KBC Group NV owned about 0.06% of Advanced Micro Devices worth $614,104,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at $30,000. Finally, Graney & King LLC bought a new position in Advanced Micro Devices during the first quarter valued at $31,000. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the sale, the executive vice president directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 143 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $474.75, for a total transaction of $67,889.25. Following the completion of the transaction, the senior vice president owned 17,644 shares of the company’s stock, valued at $8,376,489. This trade represents a 0.80% 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. Over the last ninety days, insiders have sold 161,077 shares of company stock worth $74,732,145. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $506.00 on Tuesday. The stock has a market cap of $826.03 billion, a PE ratio of 130.08 and a beta of 2.48. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The stock has a fifty day moving average of $512.08 and a 200-day moving average of $370.08.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Argus raised their target price on Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Melius Research set a $660.00 price target on Advanced Micro Devices in a research report on Friday, July 24th. TD Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Truist Financial lifted their price objective on Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, DA Davidson boosted their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $546.87.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD priced a record $4.75 billion senior-notes offering in four tranches maturing from 2029 through 2036. Management plans to use the capital for general corporate purposes, including expanding its AI and data-center businesses. The offering gives AMD additional financial flexibility without issuing shares, although it will increase interest expense. AMD Rises on $4.75 Billion Debt Offering
• Positive Sentiment: Analysts continue to see upside based on accelerating demand for AMD’s AI data-center processors, record data-center revenue, and potential growth in server CPUs. Reported analyst price targets reach as high as $700, supporting the bullish case despite the stock’s large year-to-date advance. AMD Stock Is Up 136% YTD. Why Wall Street Still Sees More Upside
• Positive Sentiment: A quarterly SEC filing disclosed sizable equity stakes in SpaceX and Nutanix. The investments broaden AMD’s strategic exposure to space technology and enterprise infrastructure, though the filing did not establish a direct near-term revenue impact. AMD Filing Reveals Unexpected SpaceX and Nutanix Bet

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.