Advanced Micro Devices, Inc. $AMD is Caxton Associates LLP’s 4th Largest Position

Caxton Associates LLP trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 43.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,243,700 shares of the semiconductor manufacturer’s stock after selling 961,381 shares during the quarter. Advanced Micro Devices makes up 5.7% of Caxton Associates LLP’s investment portfolio, making the stock its 4th largest position. Caxton Associates LLP’s holdings in Advanced Micro Devices were worth $253,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth $25,000. Cornerstone Financial Management LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $27,000. Sarver Vrooman Wealth Advisors purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $27,000. Basepoint Wealth LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $30,000. Finally, Wilkerson Advisory Group LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMD shares. Cantor Fitzgerald boosted their price objective on shares of Advanced Micro Devices from $500.00 to $700.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Zacks Research lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Barclays cut Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research note on Friday, June 12th. Rosenblatt Securities boosted their price target on Advanced Micro Devices from $300.00 to $490.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, UBS Group reaffirmed a “buy” rating and set a $700.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $480.14.

Insider Activity at Advanced Micro Devices

In other news, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the transaction, the director owned 87,173 shares in the company, valued at approximately $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the completion of the transaction, the executive vice president owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. This represents a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 310,310 shares of company stock worth $141,185,456 in the last ninety days. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Down 2.3%

Advanced Micro Devices stock opened at $539.69 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73. The company has a market capitalization of $880.02 billion, a price-to-earnings ratio of 176.95, a price-to-earnings-growth ratio of 1.60 and a beta of 2.47. The business’s fifty day simple moving average is $510.65 and its two-hundred day simple moving average is $339.41. 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 issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company’s revenue was up 37.8% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 6.25 earnings per share for the current fiscal year.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD’s multibillion-dollar Anthropic agreement could secure a large, multi-year pipeline of AI chip sales and deepen its position in the data center market. Article Title
• Positive Sentiment: AMD unveiled its new Helios AI rack-scale system and a broader full-stack AI roadmap, signaling a more direct challenge to Nvidia in high-growth AI infrastructure. Article Title
• Positive Sentiment: Benchmark reportedly raised its price target on AMD to $685, adding to bullish analyst sentiment around the stock. Article Title
• Positive Sentiment: AMD also announced an AI inference partnership with Cerebras, which could improve latency and efficiency for next-generation AI workloads. Article Title
• Neutral Sentiment: Broad strength in semiconductor names after strong Intel results is helping sentiment across the chip sector, including AMD. Article Title
• Negative Sentiment: Late-day weakness in the technology sector is creating some pressure on AMD and other AI stocks, partly due to capex and macro concerns. Article Title

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.