Intrepid Capital Management Inc. Lowers Position in Advanced Micro Devices, Inc. $AMD

Intrepid Capital Management Inc. lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.3% in the fourth quarter, HoldingsChannel reports. The firm owned 9,180 shares of the semiconductor manufacturer’s stock after selling 2,630 shares during the quarter. Intrepid Capital Management Inc.’s holdings in Advanced Micro Devices were worth $1,966,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. James J. Burns & Company LLC raised its stake in Advanced Micro Devices by 2.3% during the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock valued at $389,000 after buying an additional 40 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its stake in Advanced Micro Devices by 0.9% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer’s stock valued at $1,052,000 after buying an additional 43 shares during the last quarter. Willis Johnson & Associates Inc. raised its stake in Advanced Micro Devices by 1.9% during the fourth quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock valued at $493,000 after buying an additional 44 shares during the last quarter. Addison Advisors LLC raised its stake in Advanced Micro Devices by 12.7% during the third quarter. Addison Advisors LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $65,000 after buying an additional 45 shares during the last quarter. Finally, Smith Moore & CO. raised its stake in Advanced Micro Devices by 1.1% during the third quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer’s stock valued at $641,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMD. TD Cowen lifted their price objective on Advanced Micro Devices from $500.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Barclays cut Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research note on Friday. Weiss Ratings upgraded Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Roth Mkm reiterated a “buy” rating and set a $500.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. Finally, Raymond James Financial began coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They set a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $424.59.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $511.57 on Friday. The company has a 50 day moving average price of $386.41 and a 200-day moving average price of $274.18. Advanced Micro Devices, Inc. has a 52 week low of $115.06 and a 52 week high of $546.44. The firm has a market capitalization of $834.17 billion, a PE ratio of 167.73, a P/E/G ratio of 1.50 and a beta of 2.50. 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 announced its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The business’s revenue for the quarter was up 37.8% on a year-over-year basis. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was 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 owned 324,527 shares in the company, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following 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. Over the last three months, insiders sold 372,032 shares of company stock valued at $158,658,616. Company insiders own 0.50% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Citi upgraded AMD and argued that the market is underpricing its AI GPU upside, boosting confidence in the stock’s AI-driven growth path.
• Positive Sentiment: Bank of America also raised its outlook on AMD, calling it a top CPU pick and pointing to a large agentic AI opportunity across servers and accelerators.
• Positive Sentiment: Multiple reports highlighted rising GPU market-share data and stronger investor focus on AMD’s expanding role in AI hardware, helping semiconductor stocks rally broadly.

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.