Advanced Micro Devices, Inc. $AMD Shares Sold by Delta Global Management LP

Delta Global Management LP lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,335 shares of the semiconductor manufacturer’s stock after selling 33,050 shares during the quarter. Advanced Micro Devices makes up approximately 1.5% of Delta Global Management LP’s holdings, making the stock its 13th biggest holding. Delta Global Management LP’s holdings in Advanced Micro Devices were worth $32,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $25,000. Cornerstone Financial Management LLC bought a new position in Advanced Micro Devices in the 4th quarter worth about $27,000. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices in the 4th quarter worth about $27,000. Basepoint Wealth LLC bought a new position in Advanced Micro Devices in the 4th quarter worth about $30,000. Finally, Wilkerson Advisory Group LLC bought a new position in Advanced Micro Devices in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD and Rackspace Technology signed a definitive agreement for a phased deployment of 30 MW of AMD AI compute across Rackspace data centers, reinforcing demand for AMD’s AI hardware in enterprise infrastructure. Article Title
• Positive Sentiment: AMD’s reported acquisition of MEXT is being viewed as a strategic move to tackle one of AI’s biggest bottlenecks—memory performance—supporting the company’s longer-term AI competitiveness. Article Title
• Positive Sentiment: Several analysts remain constructive on AMD, citing AI-driven growth, stronger CPU demand, and potential upside to consensus estimates, which is helping fuel bullish sentiment around the stock. Article Title
• Positive Sentiment: Broader AI and semiconductor enthusiasm is also lifting AMD, with articles highlighting the company as a core beneficiary of durable AI demand rather than just short-term momentum. Article Title

Advanced Micro Devices Trading Up 7.0%

Shares of NASDAQ:AMD opened at $547.26 on Tuesday. The stock has a market capitalization of $892.36 billion, a price-to-earnings ratio of 179.43, a PEG ratio of 1.50 and a beta of 2.50. Advanced Micro Devices, Inc. has a 1-year low of $117.78 and a 1-year high of $558.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The company has a 50 day moving average price of $393.01 and a 200 day moving average price of $277.00.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at approximately $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the sale, the chief executive officer owned 2,896,899 shares of the company’s stock, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 372,032 shares of company stock valued at $158,658,616 in the last ninety days. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on AMD. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Wedbush upped their target price on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Needham & Company LLC upgraded shares of Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. KeyCorp upped their target price on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Rosenblatt Securities increased their price objective on shares of Advanced Micro Devices from $300.00 to $490.00 and gave the company a “buy” rating in a report 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $428.65.

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.