Advanced Micro Devices, Inc. $AMD Stock Sold by Ellsworth Advisors LLC

Ellsworth Advisors LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,106 shares of the semiconductor manufacturer’s stock after selling 1,325 shares during the period. Advanced Micro Devices comprises about 2.1% of Ellsworth Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Ellsworth Advisors LLC’s holdings in Advanced Micro Devices were worth $12,912,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE bought a new stake in Advanced Micro Devices during the second quarter valued at about $7,022,226,000. BlackRock Inc. raised its position 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 purchasing an additional 4,535,126 shares during the period. Jupiter Topco LLC purchased a new position in shares of Advanced Micro Devices in the second quarter valued at about $2,084,651,000. Wellington Management Group LLP grew its position in shares of Advanced Micro Devices by 33.9% during 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 in the last quarter. Finally, State Street Corp lifted 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Advanced Micro Devices from $635.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Bank of America raised their target price on shares of Advanced Micro Devices from $620.00 to $720.00 and gave the stock a “buy” rating in a report on Friday, September 25th. CLSA reissued an “outperform” rating and issued a $710.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. Finally, DA Davidson raised their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $603.51.

Insider Transactions at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction 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 directly owned 160,979 shares of the company’s stock, valued at $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president directly owned 117,687 shares of the company’s stock, valued at $60,598,213.17. This trade represents a 11.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 213,838 shares of company stock valued at $105,533,836 in the last three months. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $528.75 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The company has a market cap of $863.17 billion, a PE ratio of 135.93, a P/E/G ratio of 5.81 and a beta of 2.45. 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 business has a 50-day simple moving average of $537.02 and a two-hundred day simple moving average of $472.22.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business’s revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 6.45 EPS for the current fiscal year.

More Advanced Micro Devices News

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

• Positive Sentiment: Arete raised its AMD price target to $612 from $540, while recent commentary highlighted the company’s expanding data-center business, AI accelerator opportunity and open Helion rack-scale architecture. Arete Adjusts Price Target on Advanced Micro Devices
• Positive Sentiment: AMD’s credit-support agreement for Fermi’s Texas data-center power lease is viewed as a potential AI infrastructure catalyst, although Fermi still faces liquidity and lease-related risks. AMD’s Support Could Help Fermi Stock
• Neutral Sentiment: ETF investors were net sellers of AMD on October 14, adding to short-term trading pressure but offering little insight into the company’s operating outlook. ETFs Are Net Sellers of AMD
• Negative Sentiment: A broad semiconductor selloff intensified after a Qualcomm jury verdict, with Arm, AMD and Taiwan Semiconductor declining together. Investors are questioning whether AI infrastructure spending can sustain current expectations, particularly as elevated interest rates pressure richly valued growth stocks. Arm and AMD Fall as Qualcomm Verdict Adds to Chip Selloff
• Negative Sentiment: Analysts and investors are also reassessing AMD’s elevated valuation, AI financing risks and the sustainability of extremely high data-center spending. Reports of widespread insider selling may further weigh on sentiment, even though institutional ownership remains substantial. AMD Slides as Chip Selloff Continues

About Advanced Micro Devices

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

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