International Assets Investment Management LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 4.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 32,779 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,282 shares during the quarter. Advanced Micro Devices accounts for about 0.3% of International Assets Investment Management LLC’s investment portfolio, making the stock its 18th biggest position. International Assets Investment Management LLC’s holdings in Advanced Micro Devices were worth $20,183,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. DecisionPoint Financial LLC increased its position in Advanced Micro Devices by 79.2% in the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 19 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in Advanced Micro Devices during the 3rd quarter worth $29,000. JNBA Financial Advisors boosted its position in Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 30 shares during the period. Downshift Financial LLC boosted its position in Advanced Micro Devices by 850.0% during the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock worth $35,000 after acquiring an additional 51 shares during the period. Finally, Sawyer & Company Inc bought a new position in shares of Advanced Micro Devices in the third quarter worth $37,000. Institutional investors own 71.34% of the company’s stock.
Insider Buying and Selling
In related news, EVP Forrest Norrod sold 17,262 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the sale, the executive vice president directly owned 353,317 shares in the company, valued at approximately $191,038,501.90. This trade represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is owned by insiders.
Advanced Micro Devices News Summary
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
Advanced Micro Devices Stock Up 11.0%
Shares of AMD stock opened at $449.04 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The stock has a market cap of $736.46 billion, a PE ratio of 97.62, a price-to-earnings-growth ratio of 4.56 and a beta of 2.49. The business’s fifty day moving average is $546.81 and its 200-day moving average is $414.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.91 and a current ratio of 2.72.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The company had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 6.59 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on AMD shares. Benchmark raised their price target on Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, October 29th. Wedbush reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Wolfe Research reiterated an “outperform” rating and issued a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Finally, Susquehanna raised their target price on shares of Advanced Micro Devices from $620.00 to $650.00 and gave the company a “positive” rating in a research note on Wednesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $643.69.
Check Out Our Latest Stock Analysis on AMD
Advanced Micro Devices Company 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.
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