STF Management LP Sells 14,701 Shares of Advanced Micro Devices, Inc. $AMD

STF Management LP cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 60.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,656 shares of the semiconductor manufacturer’s stock after selling 14,701 shares during the period. Advanced Micro Devices comprises 1.9% of STF Management LP’s portfolio, making the stock its 12th biggest position. STF Management LP’s holdings in Advanced Micro Devices were worth $2,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Aspire Growth Partners LLC raised its position in Advanced Micro Devices by 5.9% during the 4th quarter. Aspire Growth Partners LLC now owns 2,783 shares of the semiconductor manufacturer’s stock valued at $596,000 after purchasing an additional 156 shares in the last quarter. Staley Capital Advisers Inc. bought a new stake in Advanced Micro Devices during the 4th quarter valued at $266,000. iA Global Asset Management Inc. raised its position in Advanced Micro Devices by 7.7% during the 4th quarter. iA Global Asset Management Inc. now owns 202,412 shares of the semiconductor manufacturer’s stock valued at $43,349,000 after purchasing an additional 14,482 shares in the last quarter. Guardian Capital LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at $600,000. Finally, Chancellor Financial Group WB LP bought a new stake in Advanced Micro Devices during the 4th quarter valued at $208,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Down 5.7%

NASDAQ AMD opened at $424.10 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $691.54 billion, a PE ratio of 139.05, a price-to-earnings-growth ratio of 1.26 and a beta of 2.40. The company has a 50 day moving average price of $273.49 and a 200 day moving average price of $240.52. Advanced Micro Devices, Inc. has a 52 week low of $107.67 and a 52 week high of $469.21.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS 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 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the transaction, the chief executive officer directly owned 3,021,899 shares of the company’s stock, valued at $1,346,286,223.49. This represents a 3.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were 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 represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 309,598 shares of company stock valued at $105,644,316 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMD. KeyCorp lifted their target price on Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Northland Securities restated a “market perform” rating and issued a $260.00 price target on shares of Advanced Micro Devices in a report on Monday, April 27th. Wells Fargo & Company boosted their price target on shares of Advanced Micro Devices from $345.00 to $505.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Citigroup boosted their price target on shares of Advanced Micro Devices from $248.00 to $358.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $396.95.

More Advanced Micro Devices News

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

• Positive Sentiment: Q1 earnings and revenue both topped expectations, with data center sales up sharply on strong demand for EPYC CPUs and Instinct GPUs.
• Positive Sentiment: Several analysts raised price targets after the earnings report, citing AMD’s accelerating AI and data center growth.
• Positive Sentiment: AMD expanded FSR 4.1 support to older GPUs and introduced new Ryzen PRO 9000 offerings, reinforcing product momentum in client and gaming.

Advanced Micro Devices Company 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.