Verus Capital Partners LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 277,776 shares of the semiconductor manufacturer’s stock after selling 2,841 shares during the quarter. Advanced Micro Devices makes up 9.0% of Verus Capital Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Verus Capital Partners LLC’s holdings in Advanced Micro Devices were worth $169,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of AMD. BlackRock Inc. boosted its stake 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 valued at $87,311,650,000 after buying an additional 4,535,126 shares during the period. State Street Corp grew its position in shares of Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after buying an additional 2,149,563 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $7,022,226,000. Jennison Associates LLC increased its stake in shares of Advanced Micro Devices by 5.8% during the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after buying an additional 545,575 shares during the period. Finally, Wellington Management Group LLP increased its stake 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 buying an additional 2,365,419 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices News Roundup
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 Transactions at Advanced Micro Devices
In other Advanced Micro Devices 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 sale, the executive vice president owned 353,317 shares of the company’s stock, valued at approximately $191,038,501.90. This trade represents a 4.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the business’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 sale, the executive vice president owned 117,687 shares of the company’s stock, valued at $60,598,213.17. This represents 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 over the last three months. 0.50% of the stock is owned by corporate insiders.
Advanced Micro Devices Trading Up 11.0%
NASDAQ:AMD opened at $449.04 on Friday. The stock has a 50-day simple moving average of $546.81 and a 200-day simple moving average of $414.98. The stock has a market cap of $736.46 billion, a P/E ratio of 97.62, a P/E/G ratio of 4.56 and a beta of 2.49. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. 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 released its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue for the quarter was up 44.7% on a year-over-year basis. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 6.59 earnings per share for the current fiscal year.
Analyst Ratings Changes
AMD has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, October 29th. Benchmark boosted their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Melius Research set a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday. Stifel Nicolaus increased their price objective on shares of Advanced Micro Devices from $700.00 to $725.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Truist Financial raised their price objective on shares of Advanced Micro Devices from $594.00 to $605.00 and gave the company a “buy” rating in a report on Wednesday. Three equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $643.69.
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.
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