Dempze Nancy E Lowers Holdings in Advanced Micro Devices, Inc. $AMD

Dempze Nancy E decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,768 shares of the semiconductor manufacturer’s stock after selling 1,999 shares during the quarter. Advanced Micro Devices makes up approximately 2.2% of Dempze Nancy E’s holdings, making the stock its 18th largest holding. Dempze Nancy E’s holdings in Advanced Micro Devices were worth $4,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $25,000. Sarver Vrooman Wealth Advisors purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $27,000. Cornerstone Financial Management LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $27,000. Basepoint Wealth LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Aviso Financial Inc. grew its holdings in Advanced Micro Devices by 400.0% in the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD announced a definitive agreement with Rackspace Technology to deploy an initial 30 MW of AMD-based AI compute across Rackspace’s global data centers, reinforcing AMD’s push deeper into enterprise AI infrastructure and potentially expanding future chip demand. Article: AMD and Rackspace Technology Sign Definitive Agreement for Phased Deployment of 30 MW of AMD AI Compute
• Positive Sentiment: AMD’s acquisition of MEXT was highlighted as a strategic move to address AI memory bottlenecks, a key constraint in data-center workloads, which could improve the competitiveness of AMD’s AI chips and support longer-term growth. Article: AMD stock rallies after MEXT acquisition; targets AI memory bottleneck
• Positive Sentiment: Analysts remained constructive on AMD’s AI roadmap, with Citi and BofA raising targets and Wolfe Research saying there is room for upside to consensus estimates, which can help support investor confidence in the stock. Article: Wolfe Research sees substantial upside to AMD estimates
• Neutral Sentiment: AMD remained one of the most closely watched AI-chip names, with articles noting strong year-to-date gains and continued interest from investors, indicating momentum remains high but also that expectations are elevated. Article: AMD Stock Price Forecast — What Analysts Expect from the Chipmaker Now
• Negative Sentiment: Despite the bullish news flow, AMD slipped as traders locked in gains after a strong surge, and Cathie Wood’s Ark Invest also trimmed its position, adding to near-term selling pressure. Article: ARK Invest Offloads Over $167M in Roku (ROKU) and AMD (AMD) Stock in Major Monday Selloff
• Negative Sentiment: Some commentary warned AMD may be near a valuation “cliff” after its sharp rally, suggesting investors are increasingly cautious about how much upside is already priced in. Article: AMD Is Standing Precariously Close To The Cliff

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Advanced Micro Devices from $270.00 to $385.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. KeyCorp lifted their price target on Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Benchmark lifted their price target on Advanced Micro Devices from $325.00 to $485.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Sanford C. Bernstein initiated coverage on Advanced Micro Devices in a research note on Friday. They issued an “outperform” rating on the stock. Finally, Truist Financial set a $478.00 price objective on Advanced Micro Devices in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $428.65.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $507.29 on Wednesday. The firm has a market capitalization of $827.19 billion, a P/E ratio of 166.33, a P/E/G ratio of 1.60 and a beta of 2.50. Advanced Micro Devices, Inc. has a 1-year low of $125.77 and a 1-year high of $558.37. 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 50-day simple moving average is $398.80 and its 200-day simple moving average is $279.06.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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 business had revenue of $10.25 billion for 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%.The company’s revenue was up 37.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Insider Activity

In related news, Director Nora Denzel sold 8,626 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction 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. The trade was a 9.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the transaction, the executive vice president directly owned 105,222 shares in the company, valued at $46,759,604.58. This trade represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 372,032 shares of company stock worth $158,658,616 in the last ninety days. 0.50% of the stock is currently owned by company insiders.

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.