Advanced Micro Devices, Inc. $AMD is Verus Capital Partners LLC’s 5th Largest Position

Verus Capital Partners LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 280,562 shares of the semiconductor manufacturer’s stock after selling 1,207 shares during the period. Advanced Micro Devices comprises about 3.7% of Verus Capital Partners LLC’s investment portfolio, making the stock its 5th biggest position. Verus Capital Partners LLC’s holdings in Advanced Micro Devices were worth $60,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Norges Bank purchased a new position in Advanced Micro Devices in the fourth quarter valued at $4,929,312,000. Jennison Associates LLC increased its holdings in Advanced Micro Devices by 181.6% in the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after buying an additional 7,035,991 shares in the last quarter. Wellington Management Group LLP increased its holdings in Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after buying an additional 3,735,807 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Advanced Micro Devices by 104.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,991,297 shares of the semiconductor manufacturer’s stock valued at $1,283,096,000 after buying an additional 3,059,935 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Advanced Micro Devices by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock valued at $33,949,256,000 after buying an additional 2,525,109 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $542.52 on Thursday. 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 stock has a market cap of $884.63 billion, a price-to-earnings ratio of 177.88, a price-to-earnings-growth ratio of 1.53 and a beta of 2.50. The firm has a 50 day simple moving average of $347.08 and a 200-day simple moving average of $261.63. Advanced Micro Devices, Inc. has a 1-year low of $114.71 and a 1-year high of $546.44.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. The company had revenue of $10.25 billion during 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%. Advanced Micro Devices’s revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the sale, the executive vice president directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. The trade was a 5.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction on Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. This trade represents a 2.47% 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 339,532 shares of company stock valued at $119,504,341 over the last quarter. 0.50% of the stock is owned by insiders.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD continues to benefit from strong AI and data-center demand, including reports that its 2nm EPYC “Venice” ramp is boosting enthusiasm for future server growth. Why Advanced Micro Devices (AMD) Is Up 10.4% After Launching 2nm EPYC Venice Production
• Positive Sentiment: AMD CFO Jean Hu said “agentic AI” is driving significant demand for CPUs, reinforcing the view that AMD is benefiting from the broader AI buildout. AMD CFO Jean Hu Says Agentic AI Has Driven ‘Significant Demand’ for CPUs
• Positive Sentiment: A Cowen analyst remained bullish after meeting with CEO Lisa Su, adding to confidence that AMD’s AI and server roadmap remains on track. Top Cowen Analyst Pounds the Table on AMD Stock After Meeting With Lisa Su
• Positive Sentiment: AMD’s stock also got a lift from broader sector strength, with chip shares rallying to record highs as investors rotated further into AI semiconductors. Marvell, AMD Rally, Lead Chip Stocks To Record High
• Neutral Sentiment: AMD joined DriveNets’ funding round, which signals involvement in AI networking infrastructure, but the direct financial impact on AMD is still unclear. AMD Joins DriveNets Funding Round
• Negative Sentiment: Director Nora Denzel disclosed additional share sales, which can weigh on sentiment because insider selling may suggest profit-taking after AMD’s sharp run-up. SEC Form 4 filing
• Negative Sentiment: Nvidia’s push into AI-enabled PC chips raises competitive pressure on AMD in the PC market, creating a potential headwind for future share gains. Nvidia Wants to Reinvent the PC. Here’s What That Means for Intel, AMD, and Qualcomm.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of recent analyst reports. Oppenheimer cut shares of Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a report on Wednesday, May 6th. DA Davidson lifted their price objective on shares of Advanced Micro Devices from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Bank of America lifted their price objective on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Stifel Nicolaus boosted their price target on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, BTIG Research raised shares of Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $419.86.

Advanced Micro Devices 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.