Clare Market Investments LLC Purchases New Holdings in Advanced Micro Devices, Inc. $AMD

Clare Market Investments LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,427 shares of the semiconductor manufacturer’s stock, valued at approximately $2,325,000.

Other institutional investors have also modified their holdings of the company. Joseph Group Capital Management acquired a new position in Advanced Micro Devices in the 4th quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $27,000. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices during the fourth quarter worth about $27,000. Basepoint Wealth LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $30,000. Finally, Wilkerson Advisory Group LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the business’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 $1,334,572,400.31. The trade was a 4.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the firm’s 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 transaction, the director directly owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 374,739 shares of company stock worth $161,135,671 over the last quarter. Insiders own 0.50% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Goldman Sachs and Wells Fargo both raised their price targets on AMD, citing strong server CPU demand, pricing power, and continued AI-related growth. AMD, Nvidia, Micron, Oracle, Dell, Intel, and More Stocks That Explain Today’s Market
• Positive Sentiment: AMD’s AI story got another boost after Turing said it began using AMD GPUs for 10% of its AI training and brought in AMD Ventures as a backer, expanding AMD’s reach into autonomous driving. AMD Gains AI Customer as $600 Million Self-Driving Startup Adopts Its GPUs
• Positive Sentiment: AMD is also benefiting from the view that it could close the gap with Nvidia as data center revenue and AI accelerator demand continue to accelerate, keeping long-term growth expectations elevated. AMD Is 11% Away From Joining the $1 Trillion Club. Could It Get There This Year?
• Neutral Sentiment: Cathie Wood’s ARK Invest sold about $8 million of AMD shares, which may add some near-term supply but does not change the company’s operating outlook. AMD Stock: Cathie Wood Sells $8M in AMD Despite Growing Analyst Optimism
• Neutral Sentiment: Investors are also watching commentary that AMD’s AI momentum is strong, but expectations may already be high after the stock’s sharp run and recent record levels. Advanced Micro Devices (AMD) Wins Fresh Analyst Backing, Is The Upside Already Priced In?
• Negative Sentiment: AMD is slipping with the broader semiconductor and AI trade as investors rotate out of high-multiple tech names and await fresh macro catalysts such as Fed minutes. NVDA, AMD, and INTC Forecasts – Stalling AI Trade Pressures Chip Stocks

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMD. Susquehanna lifted their price target on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research note on Wednesday, May 6th. Truist Financial set a $478.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. KeyCorp raised their price objective on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. DA Davidson upped their target price on shares of Advanced Micro Devices from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Bank of America lifted their price target on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $453.92.

Advanced Micro Devices Stock Down 6.3%

Shares of NASDAQ:AMD opened at $517.12 on Tuesday. Advanced Micro Devices, Inc. has a 52-week low of $135.91 and a 52-week high of $584.73. The company has a market capitalization of $843.22 billion, a PE ratio of 168.83, a price-to-earnings-growth ratio of 1.53 and a beta of 2.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The company has a fifty day moving average of $470.75 and a 200-day moving average of $308.01.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion for 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 quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

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.