MUFG Securities EMEA plc Has $128.84 Million Stock Position in Advanced Micro Devices, Inc. $AMD

MUFG Securities EMEA plc lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 113.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 601,592 shares of the semiconductor manufacturer’s stock after buying an additional 319,734 shares during the quarter. Advanced Micro Devices comprises 1.5% of MUFG Securities EMEA plc’s holdings, making the stock its 13th biggest position. MUFG Securities EMEA plc’s holdings in Advanced Micro Devices were worth $128,837,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Viawealth LLC lifted its holdings in shares of Advanced Micro Devices by 14.7% during the fourth quarter. Viawealth LLC now owns 1,950 shares of the semiconductor manufacturer’s stock worth $418,000 after buying an additional 250 shares in the last quarter. Impact Partnership Wealth LLC lifted its holdings in shares of Advanced Micro Devices by 38.4% during the fourth quarter. Impact Partnership Wealth LLC now owns 3,248 shares of the semiconductor manufacturer’s stock worth $696,000 after buying an additional 902 shares in the last quarter. Cherry Tree Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 2,250.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 235 shares of the semiconductor manufacturer’s stock worth $50,000 after buying an additional 225 shares in the last quarter. Forsta AP Fonden lifted its holdings in shares of Advanced Micro Devices by 3.7% during the fourth quarter. Forsta AP Fonden now owns 398,461 shares of the semiconductor manufacturer’s stock worth $85,334,000 after buying an additional 14,300 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $4,929,312,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.4%

AMD stock opened at $516.03 on Friday. The company has a market cap of $841.43 billion, a PE ratio of 169.19, a price-to-earnings-growth ratio of 1.52 and a beta of 2.40. The business has a 50-day simple moving average of $327.78 and a 200 day simple moving average of $255.70. Advanced Micro Devices, Inc. has a 52 week low of $108.62 and a 52 week high of $527.20. 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 (NASDAQ:AMD) last issued its earnings results 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 the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Advanced Micro Devices from $320.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. BTIG Research raised Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Wells Fargo & Company boosted their price target on Advanced Micro Devices from $345.00 to $505.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Raymond James Financial initiated coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $410.00.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total value 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 approximately $1,346,286,223.49. The trade was a 3.97% 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 329,085 shares of company stock worth $114,051,007 in the last ninety days. Insiders own 0.50% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Multiple articles highlighted AMD’s expanding AI and data center opportunity, including bullish takes that the company could be a major winner in the next AI cycle and that Wall Street sees a much larger market opportunity ahead. AMD Could Be the Biggest Winner in the Next AI Battle
• Positive Sentiment: Analyst commentary remained constructive overall, with reports pointing to continued upside potential from AMD’s rapid data center expansion and AI infrastructure demand. Prediction: AMD’s Rapid Data Center Expansion Fuels Bullish Target
• Neutral Sentiment: AMD CEO Lisa Su’s China trip and MIT commencement speech kept the company in the news, but the coverage was mostly about leadership presence and AI messaging rather than a direct business catalyst. In China, AMD CEO Lisa Su is understated while Nvidia’s Huang is more razzmatazz
• Neutral Sentiment: Rocket One’s acceptance into AMD’s AI Developer Program added another ecosystem-related headline, but the near-term financial impact appears limited. Rocket One Accepted into AMD AI Developer Program
• Negative Sentiment: Several pieces urged caution after AMD’s sharp run-up, including a Seeking Alpha downgrade calling the top and an article noting that there may be less room for mistakes at current levels. AMD: Ring, Ring – The Top Is Calling (Downgrade)
• Negative Sentiment: ARK Invest’s Cathie Wood trimmed her AMD stake, adding to investor concerns that some funds may be taking profits after the stock’s strong rally. Ark Investment’s Cathie Wood Just Trimmed Her AMD Stake

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.