Advanced Micro Devices, Inc. $AMD Stock: Kestra Advisory Services LLC Grows Position

Kestra Advisory Services LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,806 shares of the semiconductor manufacturer’s stock after purchasing an additional 11,738 shares during the period. Kestra Advisory Services LLC’s holdings in Advanced Micro Devices were worth $111,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Southpoint Capital Advisors LP increased its position in shares of Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after acquiring an additional 300,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Advanced Micro Devices by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after acquiring an additional 291,165 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Advanced Micro Devices by 6,968.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock valued at $85,995,000 after acquiring an additional 138,328 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of Advanced Micro Devices by 2,748.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer’s stock valued at $52,582,000 after acquiring an additional 82,934 shares in the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. lifted its holdings in shares of Advanced Micro Devices by 1,288.6% during the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer’s stock valued at $127,899,000 after acquiring an additional 204,315 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Grasby sold 15,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares of the company’s stock, valued at $60,598,213.17. This represents a 11.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa Su sold 70,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,032,156 shares of the company’s stock, valued at approximately $1,536,696,660.80. The trade was a 2.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 231,100 shares of company stock worth $114,867,400 over the last three months. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD reported record third-quarter revenue, up about 45% year over year, with data-center revenue nearly doubling. Management expects fourth-quarter revenue of roughly $17 billion and has forecast revenue growth above 80% in 2027, reinforcing the potential for AI and data-center demand to drive further gains. Article: Is AMD Stock a Buy as AI Revenue Soars?
• Positive Sentiment: CEO Lisa Su pushed back against concerns about AI spending, arguing that the market is taking a short-term view and reaffirming her confidence in sustained demand for computing power. Article: AMD CEO Lisa Su Calls This Market Moment ‘Short-Sighted’ on AI Spending
• Neutral Sentiment: Some analysts raised their price targets after the results, including DZ Bank to $620 and HSBC to $540; HSBC nevertheless kept a Hold rating, reflecting continued debate over how much growth is already reflected in AMD’s valuation. Article: DZ Bank Adjusts Price Target on Advanced Micro Devices to $620
• Negative Sentiment: The main near-term pressure was a broad chip-sector sell-off following Democratic midterm gains. Investors fear potential AI-industry regulation or slower data-center expansion, and concern about local resistance to data centers added to worries over future AI spending. The sector weakness weighed on AMD despite its earnings beat. Article: Why AMD Stock Is Down Today
• Negative Sentiment: Investors are also questioning AMD’s premium valuation and demanding evidence that its AI products and partnerships will translate into durable profits. Ark Invest’s reported sale of AMD shares in favor of Nvidia added to the competitive and valuation concerns. Article: Cathie Wood Just Sold AMD Stock and Bought This AI Chip Stock Instead

Advanced Micro Devices Trading Down 17.3%

NASDAQ AMD opened at $404.40 on Friday. The company’s fifty day simple moving average is $547.37 and its 200-day simple moving average is $413.90. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.10. The stock has a market cap of $660.17 billion, a P/E ratio of 87.91, a PEG ratio of 5.01 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last announced its 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. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The business’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. Equities research analysts predict that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AMD shares. Melius Research set a $650.00 price target on Advanced Micro Devices in a report on Wednesday. BMO Capital Markets started coverage on Advanced Micro Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and set a $700.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. CLSA reaffirmed an “outperform” rating and issued a $710.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, September 9th. Finally, William Blair reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $633.17.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.