DSG Capital Advisors LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 251.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,938 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,387 shares during the quarter. DSG Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $1,186,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in AMD. Illinois Municipal Retirement Fund raised its stake in shares of Advanced Micro Devices by 22.6% in the third quarter. Illinois Municipal Retirement Fund now owns 71,407 shares of the semiconductor manufacturer’s stock valued at $43,684,000 after acquiring an additional 13,156 shares during the last quarter. AMG National Trust Bank grew its position in Advanced Micro Devices by 20.4% during the 3rd quarter. AMG National Trust Bank now owns 3,666 shares of the semiconductor manufacturer’s stock worth $2,243,000 after acquiring an additional 621 shares during the last quarter. Moneco Advisors LLC increased its holdings in Advanced Micro Devices by 1.5% during the 3rd quarter. Moneco Advisors LLC now owns 19,256 shares of the semiconductor manufacturer’s stock valued at $11,780,000 after purchasing an additional 290 shares in the last quarter. 626 Financial LLC increased its holdings in Advanced Micro Devices by 3.5% during the 3rd quarter. 626 Financial LLC now owns 1,114 shares of the semiconductor manufacturer’s stock valued at $682,000 after purchasing an additional 38 shares in the last quarter. Finally, Triton Wealth Management PLLC increased its holdings in Advanced Micro Devices by 3.9% during the 3rd quarter. Triton Wealth Management PLLC now owns 1,371 shares of the semiconductor manufacturer’s stock valued at $839,000 after purchasing an additional 52 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Advanced Micro Devices
In related news, EVP Forrest Norrod sold 17,262 shares of the stock in a transaction 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 transaction, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. This represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were 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 of the company’s stock, valued at $76,316,924.32. The trade was a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 230,957 shares of company stock worth $114,799,511. 0.50% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
AMD has been the topic of a number of recent analyst reports. Weiss Ratings lowered Advanced Micro Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. HSBC restated a “hold” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research note on Thursday, November 5th. Royal Bank Of Canada set a $675.00 price target on Advanced Micro Devices in a report on Wednesday, November 4th. UBS Group reduced their price target on shares of Advanced Micro Devices from $730.00 to $700.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Advanced Micro Devices from $550.00 to $575.00 and gave the stock a “neutral” rating in a report on Wednesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $642.47.
Check Out Our Latest Stock Report on AMD
Advanced Micro Devices Price Performance
Advanced Micro Devices stock opened at $515.21 on Wednesday. The firm has a market capitalization of $844.99 billion, a P/E ratio of 112.00, a PEG ratio of 4.90 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 business has a 50-day moving average of $548.56 and a 200-day moving average of $417.58. The company has a current ratio of 2.72, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. During the same quarter in the previous year, the business earned $1.20 EPS. The firm’s revenue was up 44.7% on a year-over-year basis. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.93 EPS for the current year.
Advanced Micro Devices News Roundup
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Reports that AMD plans to invest $2.5 billion in Anthropic added to optimism about its AI strategy and commercial ties. The news comes alongside reports that AMD is among companies participating in a broader Anthropic share purchase. Article: Stock Market Today, Nov. 10: AMD Rises on Plan to Invest $2.5 Billion in Anthropic
- Positive Sentiment: AMD’s data-center sales grew 97% in the third quarter, driven by EPYC server CPUs and the MI450 launch. The company sees substantial long-term markets for server CPUs and GPUs, while a new generation of EPYC processors is shipping through server partners. Article: 2 Reasons AMD Can Still Outperform by 2030 Article: AMD Showcases 6th Gen AMD EPYC Processors
- Positive Sentiment: Oppenheimer’s Outperform rating and $600 price target, along with sharply higher earnings estimates from Northland Securities, reinforce expectations for strong growth. Article: Oppenheimer Just Set a Whopping $600 Target on AMD Stock
- Neutral Sentiment: AMD shares have benefited from Nvidia-related uncertainty, but analysts caution that investor money moving between chip stocks is not the same as customers switching suppliers. A lasting gain depends on winning and retaining business. Article: AMD’s Stock Fades as Investors Weigh Whether Nvidia’s Turmoil Will Mean Lasting Wins
- Negative Sentiment: Some coverage flags declining free cash flow and rising inventory as risks. AMD’s rich valuation may leave less room for disappointment if its coming results do not confirm that AI demand is converting into healthy cash generation. Article: Here’s The AMD Data Center Number Investors Need to Know
About Advanced Micro Devices
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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