3,776 Shares in Advanced Micro Devices, Inc. $AMD Bought by Cambient Family Office LLC

Cambient Family Office LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,776 shares of the semiconductor manufacturer’s stock, valued at approximately $809,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Norges Bank acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $4,929,312,000. Jennison Associates LLC boosted its stake in shares of 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 worth $2,336,552,000 after buying an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $1,000,783,000. Wellington Management Group LLP grew its holdings in Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock worth $784,330,000 after acquiring an additional 3,735,807 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Advanced Micro Devices by 340.1% during the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock worth $1,016,796,000 after acquiring an additional 3,669,054 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 6,000 shares of the 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 of the company’s stock, valued at $661,663,348.71. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the 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 directly owned 87,173 shares of the company’s stock, valued at $45,504,306. The trade was a 9.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 378,032 shares of company stock worth $161,876,596 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Stock Up 5.2%

Shares of NASDAQ AMD opened at $539.33 on Friday. The firm has a market cap of $879.43 billion, a price-to-earnings ratio of 176.83, a price-to-earnings-growth ratio of 1.50 and a beta of 2.50. The company’s 50-day simple moving average is $411.01 and its 200-day simple moving average is $283.43. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52-week low of $126.82 and a 52-week high of $558.37.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly 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 firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Bernstein raised its price target on AMD to $600, citing strong AI infrastructure demand and improving server CPU trends. Why Is AMD Stock Gaining Thursday?
• Positive Sentiment: Citi upgraded AMD to Buy and lifted its target to $575, pointing to potential GPU sales to Meta and broader upside in the AI server CPU market. Citi Upgrades AMD Stock to ‘Buy’ on Massive Meta GPU Sales Potential
• Positive Sentiment: AMD announced it is acquiring MEXT, a memory optimization company, which could strengthen AMD’s AI data center offerings by helping address workload bottlenecks. AMD (AMD) Buys MEXT To Tackle AI Data Center Memory Bottlenecks
• Positive Sentiment: AMD signed a definitive agreement with Rackspace to deploy 30 MW of AMD-based AI compute across Rackspace’s global data centers, expanding its enterprise AI footprint. AMD and Rackspace Team Up on a 30 MW AI Compute Agreement
• Neutral Sentiment: Some commentary warned AMD may have run too far, too fast, and another article flagged margin pressure as the company shifts deeper into AI growth bets. One Warning Signal AMD Investors Can’t Miss
• Neutral Sentiment: There was also an insider sale by EVP Mark Papermaster, but it was made under a pre-arranged trading plan, limiting the negative signal for investors. Mark Papermaster Sells 6,000 Shares of Advanced Micro Devices (NASDAQ:AMD) Stock

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMD. DA Davidson boosted their price target on Advanced Micro Devices from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus raised their price objective on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Raymond James Financial began coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a “market perform” rating for the company. Finally, Bank of America boosted their target price on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $430.68.

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.