1,387 Advanced Micro Devices, Inc. $AMD Shares Bought by DSG Capital Advisors LLC

DSG Capital Advisors LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 251.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,938 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,387 shares during the quarter. DSG Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $1,186,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in shares of Advanced Micro Devices during the second quarter worth $7,022,226,000. BlackRock Inc. boosted its holdings in shares of Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after acquiring an additional 4,535,126 shares in the last quarter. Jupiter Topco LLC bought a new stake in Advanced Micro Devices during the 2nd quarter worth $2,084,651,000. Wellington Management Group LLP grew its position in Advanced Micro Devices by 33.9% during the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after acquiring an additional 2,365,419 shares during the last quarter. Finally, State Street Corp increased its holdings in Advanced Micro Devices by 2.9% in the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after purchasing an additional 2,149,563 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Up 1.3%

Shares of AMD opened at $515.21 on Wednesday. The stock’s 50-day moving average price is $548.56 and its two-hundred day moving average price is $417.58. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The company has a market capitalization of $844.99 billion, a PE ratio of 112.00, a PEG ratio of 4.90 and a beta of 2.49. The company has a current ratio of 2.72, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The business’s quarterly revenue was up 44.7% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 6.93 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $550.00 to $575.00 and gave the company a “neutral” rating in a research report on Wednesday, November 4th. BMO Capital Markets assumed coverage on Advanced Micro Devices in a report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target on the stock. Wells Fargo & Company lowered their price objective on Advanced Micro Devices from $700.00 to $650.00 and set an “overweight” rating for the company in a research note on Wednesday, November 4th. CLSA reiterated an “outperform” rating and issued a $710.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Finally, Citigroup lifted their target price on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $642.47.

More Advanced Micro Devices News

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

• Positive Sentiment: Reports that AMD plans to invest $2.5 billion in Anthropic added to optimism about its AI strategy and commercial ties. The news comes alongside reports that AMD is among companies participating in a broader Anthropic share purchase. Article: Stock Market Today, Nov. 10: AMD Rises on Plan to Invest $2.5 Billion in Anthropic
• Positive Sentiment: AMD’s data-center sales grew 97% in the third quarter, driven by EPYC server CPUs and the MI450 launch. The company sees substantial long-term markets for server CPUs and GPUs, while a new generation of EPYC processors is shipping through server partners. Article: 2 Reasons AMD Can Still Outperform by 2030 Article: AMD Showcases 6th Gen AMD EPYC Processors
• Positive Sentiment: Oppenheimer’s Outperform rating and $600 price target, along with sharply higher earnings estimates from Northland Securities, reinforce expectations for strong growth. Article: Oppenheimer Just Set a Whopping $600 Target on AMD Stock
• Neutral Sentiment: AMD shares have benefited from Nvidia-related uncertainty, but analysts caution that investor money moving between chip stocks is not the same as customers switching suppliers. A lasting gain depends on winning and retaining business. Article: AMD’s Stock Fades as Investors Weigh Whether Nvidia’s Turmoil Will Mean Lasting Wins
• Negative Sentiment: Some coverage flags declining free cash flow and rising inventory as risks. AMD’s rich valuation may leave less room for disappointment if its coming results do not confirm that AI demand is converting into healthy cash generation. Article: Here’s The AMD Data Center Number Investors Need to Know

Insider Buying and Selling

In related news, EVP Forrest Norrod sold 17,262 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the sale, the executive vice president directly owned 353,317 shares in the company, valued at $191,038,501.90. This represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This represents a 2.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 230,957 shares of company stock valued at $114,799,511 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

About Advanced Micro Devices

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.