Advanced Micro Devices, Inc.

🇺🇸NASDAQ Global Select
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Advanced Micro Devices, Inc. stock analysis AMD overview
Bullish +75

Advanced Micro Devices, Inc. $AMD Shares Sold by Aaron Wealth Advisors ...

📉 Aaron Wealth Advisors reduced its AMD stake by 6.3% to 15,606 shares valued at $3.175 million during the first quarter.

📈 Vanguard Group increased its position by 1.6%, now holding 158.5 million shares worth approximately $33.9 billion.

📈 State Street Corp and Geode Capital Management also lifted their stakes by 1.5% and 0.8% respectively in the fourth quarter.

💰 Norges Bank acquired a new stake valued at $4.929 billion, while Price T Rowe Associates grew its position slightly.

📊 AMD reported quarterly revenue of $10.25 billion, marking a significant 37.8% increase compared to the same quarter last year.

💹 The company beat earnings estimates with $1.37 EPS versus the consensus of $1.29 and a net margin of 13.37%.

👔 Insider sales totaled $161.8 million over ninety days, including transactions by Director Nora Denzel and EVP Paul Darren Grasby.

🎯 UBS Group raised its price target to $670.00 with a 'buy' rating following the strong quarterly results.

📈 Susquehanna increased its target from $375.00 to $450.00 and assigned a 'positive' rating to the stock.

🏆 Wells Fargo, Cantor Fitzgerald, and Seaport Research Partners also upgraded targets or ratings to 'overweight' or 'buy'.

📊 MarketBeat consensus indicates a 'Moderate Buy' rating with an average price target of $440.41.

🏢 Institutional investors and hedge funds collectively own 71.34% of the company's outstanding stock.

Bullish Signals
  • AMD reported revenue of $10.25 billion, a 37.8% year-over-year increase that significantly exceeded analyst expectations.
  • The company beat earnings per share estimates with a result of $1.37 compared to the consensus of $1.29.
  • UBS Group raised its price target to $670.00 and maintained a 'buy' rating, reflecting strong confidence in the stock.
  • Susquehanna increased its price target from $375.00 to $450.00 and upgraded the rating to 'positive'.
  • Wells Fargo & Company raised its objective to $505.00 with an 'overweight' rating following the earnings beat.
  • Cantor Fitzgerald set a new target price of $500.00 and assigned an 'overweight' rating to AMD shares.
  • Seaport Research Partners upgraded its rating from 'neutral' to 'buy' with a target price of $430.00.
  • Major institutional investors like Vanguard, State Street, and Geode Capital increased their holdings in the fourth quarter.
Risk Factors
  • Aaron Wealth Advisors decreased its position by 6.3% during the first quarter, selling 1,042 shares.
  • Director Nora Denzel sold 8,626 shares representing a 9.00% decrease in her direct ownership of the company.
  • EVP Paul Darren Grasby sold 24,376 shares, resulting in an 18.81% decrease in his personal stock ownership.
Full Analysis
Advanced Micro Devices (AMD) saw mixed institutional activity in the first quarter, with Aaron Wealth Advisors decreasing its position by 6.3% to hold 15,606 shares worth $3.175 million. Conversely, major funds like Vanguard Group increased their stakes significantly, lifting holdings by 1.6% to own over 158 million shares valued at approximately $33.9 billion, while State Street and Geode Capital also boosted their positions. The company reported strong financial performance in its latest quarter released on May 5th, posting revenue of $10.25 billion, which represents a 37.8% year-over-year increase. AMD beat analyst expectations with earnings per share (EPS) of $1.37 compared to the consensus of $1.29, achieving a net margin of 13.37% and a return on equity of 9.55%. Insider trading activity included sales by Director Nora Denzel and EVP Paul Darren Grasby, totaling over $161 million in transactions over the last ninety days. Analyst sentiment remains robust following the earnings beat, with major firms like UBS Group raising their price target to $670.00 and maintaining a 'buy' rating. Other institutions including Susquehanna, Wells Fargo, Cantor Fitzgerald, and Seaport Research Partners also upgraded targets or ratings, resulting in a consensus 'Moderate Buy' rating with an average price target of $440.41.