Adell Harriman & Carpenter Inc. Raises Stock Position in Advanced Micro Devices, Inc. $AMD

Adell Harriman & Carpenter Inc. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 84.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,737 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,464 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Advanced Micro Devices were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC grew its holdings in Advanced Micro Devices by 15.6% during the 1st quarter. Checchi Capital Advisers LLC now owns 8,564 shares of the semiconductor manufacturer’s stock valued at $1,742,000 after purchasing an additional 1,154 shares in the last quarter. First National Bank of Hutchinson lifted its holdings in Advanced Micro Devices by 4.0% in the 1st quarter. First National Bank of Hutchinson now owns 5,617 shares of the semiconductor manufacturer’s stock worth $1,143,000 after buying an additional 214 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in Advanced Micro Devices by 0.3% in the 1st quarter. Maryland State Retirement & Pension System now owns 80,722 shares of the semiconductor manufacturer’s stock worth $16,421,000 after buying an additional 243 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in Advanced Micro Devices by 21.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 24,100 shares of the semiconductor manufacturer’s stock valued at $4,903,000 after buying an additional 4,220 shares during the last quarter. Finally, AMG National Trust Bank grew its stake in shares of Advanced Micro Devices by 18.1% during the first quarter. AMG National Trust Bank now owns 2,411 shares of the semiconductor manufacturer’s stock valued at $490,000 after acquiring an additional 370 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD opened at $548.13 on Wednesday. The firm has a market cap of $893.78 billion, a price-to-earnings ratio of 179.72, a PEG ratio of 1.57 and a beta of 2.47. The stock has a 50 day moving average of $499.06 and a 200-day moving average of $324.25. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same period in the prior year, the company posted $0.96 EPS. The business’s revenue was up 37.8% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 6.18 EPS for the current year.

Key Advanced Micro Devices News

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

• Positive Sentiment: Several analysts raised price targets on AMD, including Bank of America to $620 and KeyBanc to $725, reinforcing the view that the stock still has meaningful upside tied to its AI and server businesses. Benzinga report on Bank of America target hike
• Positive Sentiment: Investors are also reacting to expectations that AMD could deliver a beat-and-raise quarter, with Bank of America citing surging demand for EPYC CPUs and AI accelerators. Barchart article on AMD beat-and-raise expectations
• Positive Sentiment: Broader semiconductor shares rebounded after Monday’s selloff as war and supply-chain fears eased, lifting AMD along with peers like Nvidia and Intel. Yahoo Finance article on chip rebound
• Positive Sentiment: Reports that AMD is following Nvidia’s playbook in AI infrastructure, plus news of its AI Developer Program and other AI ecosystem activity, added to optimism that AMD is strengthening its long-term competitive position in AI. Barchart article on AMD following Nvidia’s playbook
• Neutral Sentiment: AMD also benefited from a positive shift in China’s AI chips outlook, which helped improve the tone across the semiconductor sector. TipRanks article on China AI chips scenario
• Negative Sentiment: Some reports still point to near-term volatility, including recent selling pressure from macro and geopolitical worries, even as the stock has since bounced. Benzinga article on AMD drop from supply-chain fears

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Stifel Nicolaus upped their target price on Advanced Micro Devices from $450.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Morgan Stanley raised their price target on shares of Advanced Micro Devices from $360.00 to $410.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Roth Capital restated a “buy” rating and issued a $500.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. UBS Group upped their price target on shares of Advanced Micro Devices from $455.00 to $670.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, BTIG Research upgraded shares of Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $467.84.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the sale, the executive vice president owned 324,527 shares in the company, valued at $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 is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 105,222 shares in the company, valued at $46,759,604.58. This represents a 18.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 368,739 shares of company stock worth $159,602,431. Company insiders own 0.50% of the company’s stock.

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.