Advanced Micro Devices, Inc. $AMD is Elefante Mark B’s 10th Largest Position

Elefante Mark B decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,915 shares of the semiconductor manufacturer’s stock after selling 1,740 shares during the quarter. Advanced Micro Devices comprises about 3.4% of Elefante Mark B’s investment portfolio, making the stock its 10th biggest holding. Elefante Mark B’s holdings in Advanced Micro Devices were worth $5,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Polar Capital Holdings Plc raised its stake in Advanced Micro Devices by 50.3% during the fourth quarter. Polar Capital Holdings Plc now owns 2,759,230 shares of the semiconductor manufacturer’s stock valued at $590,917,000 after buying an additional 923,966 shares during the last quarter. Rothschild Wealth LLC raised its stake in Advanced Micro Devices by 15.7% during the fourth quarter. Rothschild Wealth LLC now owns 1,857 shares of the semiconductor manufacturer’s stock valued at $398,000 after buying an additional 252 shares during the last quarter. Waterway Wealth Management LLC raised its stake in Advanced Micro Devices by 153.7% during the fourth quarter. Waterway Wealth Management LLC now owns 4,457 shares of the semiconductor manufacturer’s stock valued at $955,000 after buying an additional 2,700 shares during the last quarter. Temasek Holdings Private Ltd purchased a new position in Advanced Micro Devices during the fourth quarter valued at $7,169,000. Finally, Rakuten Investment Management Inc. raised its stake in Advanced Micro Devices by 11.9% during the fourth quarter. Rakuten Investment Management Inc. now owns 348,137 shares of the semiconductor manufacturer’s stock valued at $75,062,000 after buying an additional 37,059 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key 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 Buying and Selling

In related news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the sale, the director owned 87,173 shares of the company’s stock, valued at $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul Darren Grasby sold 24,376 shares of Advanced Micro Devices stock in a transaction on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president directly owned 105,222 shares of the company’s stock, valued at $46,759,604.58. The trade was a 18.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 372,032 shares of company stock valued at $158,658,616 over the last ninety days. 0.50% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

Shares of AMD 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 firm has a market capitalization of $827.19 billion, a P/E ratio of 166.33, a PEG ratio of 1.60 and a beta of 2.50. The business has a fifty day moving average of $398.80 and a 200 day moving average of $279.06.

Advanced Micro Devices (NASDAQ:AMD) last issued 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. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. Advanced Micro Devices’s revenue was up 37.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a “market perform” rating for the company. Weiss Ratings upgraded Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Barclays cut Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research note on Friday. Citigroup cut Advanced Micro Devices from a “buy” rating to a “market perform” rating in a research note on Friday. Finally, Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.