Melqart Asset Management UK Ltd Acquires Shares of 68,439 Advanced Micro Devices, Inc. $AMD

Melqart Asset Management UK Ltd bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 68,439 shares of the semiconductor manufacturer’s stock, valued at approximately $14,657,000. Advanced Micro Devices makes up about 1.4% of Melqart Asset Management UK Ltd’s investment portfolio, making the stock its 28th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Jefferies Financial Group Inc. lifted its stake in shares of Advanced Micro Devices by 6,228.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock worth $65,966,000 after purchasing an additional 303,154 shares during the period. Williamson Legacy Group LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $1,118,000. Thoroughbred Financial Services LLC grew its position in Advanced Micro Devices by 8.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 32,827 shares of the semiconductor manufacturer’s stock valued at $7,030,000 after buying an additional 2,654 shares during the period. Zweig DiMenna Associates LLC grew its position in Advanced Micro Devices by 127.6% during the third quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer’s stock valued at $11,746,000 after buying an additional 40,708 shares during the period. Finally, Valtinson Bruner Financial Planning LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $1,523,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 7.3%

Shares of AMD stock opened at $507.29 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a one year low of $125.77 and a one year high of $558.37. The company’s fifty day moving average price is $398.80 and its 200-day moving average price is $279.06. The company has a market capitalization of $827.19 billion, a price-to-earnings ratio of 166.33, a PEG ratio of 1.60 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.Advanced Micro Devices’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD announced a definitive agreement with Rackspace Technology to deploy an initial 30 MW of AMD-based AI compute across Rackspace’s global data centers, reinforcing AMD’s push deeper into enterprise AI infrastructure and potentially expanding future chip demand. Article: AMD and Rackspace Technology Sign Definitive Agreement for Phased Deployment of 30 MW of AMD AI Compute
• Positive Sentiment: AMD’s acquisition of MEXT was highlighted as a strategic move to address AI memory bottlenecks, a key constraint in data-center workloads, which could improve the competitiveness of AMD’s AI chips and support longer-term growth. Article: AMD stock rallies after MEXT acquisition; targets AI memory bottleneck
• Positive Sentiment: Analysts remained constructive on AMD’s AI roadmap, with Citi and BofA raising targets and Wolfe Research saying there is room for upside to consensus estimates, which can help support investor confidence in the stock. Article: Wolfe Research sees substantial upside to AMD estimates
• Neutral Sentiment: AMD remained one of the most closely watched AI-chip names, with articles noting strong year-to-date gains and continued interest from investors, indicating momentum remains high but also that expectations are elevated. Article: AMD Stock Price Forecast — What Analysts Expect from the Chipmaker Now
• Negative Sentiment: Despite the bullish news flow, AMD slipped as traders locked in gains after a strong surge, and Cathie Wood’s Ark Invest also trimmed its position, adding to near-term selling pressure. Article: ARK Invest Offloads Over $167M in Roku (ROKU) and AMD (AMD) Stock in Major Monday Selloff
• Negative Sentiment: Some commentary warned AMD may be near a valuation “cliff” after its sharp rally, suggesting investors are increasingly cautious about how much upside is already priced in. Article: AMD Is Standing Precariously Close To The Cliff

Insider Activity

In related news, EVP Paul Darren Grasby sold 24,376 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. This trade represents a 18.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices 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 sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This trade represents a 9.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 372,032 shares of company stock valued at $158,658,616 in the last three months. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMD shares. HSBC downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and increased their price target for the stock from $335.00 to $340.00 in a research report on Monday, May 4th. Melius Research set a $540.00 price objective on Advanced Micro Devices in a research note on Monday, May 18th. Roth Mkm reaffirmed a “buy” rating and issued a $500.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Bank of America lifted their target price on Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, Citigroup lowered Advanced Micro Devices from a “buy” rating to a “market perform” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.