M&G PLC Has $939,000 Position in Advanced Micro Devices, Inc. $AMD

M&G PLC lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 53.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,615 shares of the semiconductor manufacturer’s stock after selling 7,743 shares during the period. M&G PLC’s holdings in Advanced Micro Devices were worth $939,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wise Wealth Partners bought a new position in Advanced Micro Devices during the second quarter worth about $343,000. Waterfront Wealth Inc. bought a new position in Advanced Micro Devices during the 2nd quarter worth approximately $1,145,000. Parisi Gray Wealth Management bought a new stake in Advanced Micro Devices in the second quarter valued at approximately $343,000. Cornercap Investment Counsel Inc. raised its holdings in Advanced Micro Devices by 43.3% in the second quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock worth $1,738,000 after purchasing an additional 3,702 shares during the period. Finally, Davis Investment Partners LLC bought a new position in shares of Advanced Micro Devices during the second quarter worth $736,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the sale, the executive vice president owned 1,714,505 shares in the company, valued at $384,529,181.40. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the transaction, the senior vice president directly owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 264,118 shares of company stock valued at $44,448,619. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMD shares. Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, November 5th. Mizuho raised their target price on shares of Advanced Micro Devices from $275.00 to $285.00 and gave the company an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group upped their price objective on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $280.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Finally, TD Cowen raised their target price on shares of Advanced Micro Devices from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $273.49.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $247.96 on Friday. The stock has a market cap of $403.69 billion, a P/E ratio of 142.51, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The firm’s fifty day moving average price is $206.13 and its 200-day moving average price is $162.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. Advanced Micro Devices has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.