Advanced Micro Devices, Inc. $AMD Stock Holdings Raised by Calamos Wealth Management LLC

Calamos Wealth Management LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 44,644 shares of the semiconductor manufacturer’s stock after buying an additional 7,880 shares during the quarter. Advanced Micro Devices accounts for 0.8% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding. Calamos Wealth Management LLC’s holdings in Advanced Micro Devices were worth $27,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after buying an additional 4,535,126 shares during the last quarter. State Street Corp raised its stake in shares of Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after acquiring an additional 2,149,563 shares in the last quarter. Bank of America Corp DE purchased a new stake in Advanced Micro Devices during the second quarter valued at approximately $7,022,226,000. Jennison Associates LLC boosted its stake in Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock valued at $5,793,388,000 after acquiring an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after purchasing an additional 2,365,419 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
• Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
• Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
• Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
• Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns

Insider Buying and Selling

In other news, CEO Lisa Su sold 70,000 shares of Advanced Micro Devices stock in a transaction that occurred on 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 $1,536,696,660.80. The trade was a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction 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. The trade was a 11.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 231,100 shares of company stock valued at $114,867,400 in the last three months. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on AMD. Weiss Ratings lowered Advanced Micro Devices from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Melius Research set a $650.00 target price on Advanced Micro Devices in a research note on Wednesday. Citigroup upped their target price on Advanced Micro Devices from $575.00 to $800.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Truist Financial increased their price target on Advanced Micro Devices from $594.00 to $605.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, CLSA reissued an “outperform” rating and issued a $710.00 price target on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $643.69.

Advanced Micro Devices Stock Performance

AMD stock traded up $44.64 during midday trading on Friday, reaching $449.04. The stock had a trading volume of 45,659,370 shares, compared to its average volume of 21,429,916. The firm has a fifty day simple moving average of $546.81 and a two-hundred day simple moving average of $414.98. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The stock has a market cap of $733.04 billion, a PE ratio of 97.62, a P/E/G ratio of 4.79 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. Advanced Micro Devices’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period last year, the firm posted $1.20 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.57 EPS for the current year.

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.