4,145 Advanced Micro Devices, Inc. $AMD Shares Purchased by IFG Advisory LLC

IFG Advisory LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 52.4% in the third quarter, Holdings Channel.com reports. The fund owned 12,062 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,145 shares during the period. IFG Advisory LLC’s holdings in Advanced Micro Devices were worth $7,379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Advanced Micro Devices by 3.1% in 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 during the last quarter. State Street Corp lifted its stake 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. Bank of America Corp DE purchased a new stake in Advanced Micro Devices in the 2nd quarter worth $7,022,226,000. Jennison Associates LLC boosted its holdings in shares of Advanced Micro Devices by 5.8% during the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock valued at $5,793,388,000 after purchasing an additional 545,575 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of 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 valued at $5,422,444,000 after purchasing an additional 2,365,419 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 8.8%

Shares of NASDAQ:AMD traded down $51.24 during trading on Friday, reaching $534.06. The company’s stock had a trading volume of 49,061,909 shares, compared to its average volume of 33,352,236. The stock has a market capitalization of $875.90 billion, a PE ratio of 116.10, a price-to-earnings-growth ratio of 5.63 and a beta of 2.49. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The company has a current ratio of 2.72, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10. The firm’s 50 day simple moving average is $554.55 and its two-hundred day simple moving average is $422.13.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $13.10 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm’s revenue for the quarter was up 44.7% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 6.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 9,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $564.88, for a total value of $5,083,920.00. Following the completion of the transaction, the director owned 78,173 shares of the company’s stock, valued at approximately $44,158,364.24. This trade represents a 10.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 232,588 shares of company stock worth $116,292,222. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. HC Wainwright began coverage on Advanced Micro Devices in a research report on Thursday. They set a “buy” rating for the company. Morgan Stanley boosted their target price on Advanced Micro Devices from $465.00 to $510.00 and gave the stock an “equal weight” rating in a research report on Monday, November 2nd. BMO Capital Markets started coverage on Advanced Micro Devices in a research note on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target for the company. Zacks Research lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, William Blair upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $640.11.

Top Advanced Micro Devices Stories

These are some of the AMD stories that stood out recently:

• Positive Sentiment: Google’s selection of AMD EPYC processors for infrastructure supporting its next-generation TPU chips strengthens AMD’s role in hyperscaler AI systems and could support data-center growth. How to Play AMD Stock as Google Picks EPYC for Its Next-Gen TPUs
• Positive Sentiment: Analyst support and Lisa Su’s CEO of the Year recognition reinforce the bullish longer-term narrative around AMD’s recent gains and competitive position, though neither fully offset Friday’s sector weakness. AMD’s Lisa Su named CEO of the year
• Negative Sentiment: Chip stocks sold off as investors reassessed whether Nvidia’s turmoil would benefit competitors or signal wider risks to the AI trade. AMD’s decline also reflected profit-taking after a sharp rally; its elevated valuation may make the stock more vulnerable to sentiment shifts. AMD and other chip stocks slide as Wall Street rethinks the AI trade

Advanced Micro Devices Profile

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.