Advanced Micro Devices, Inc. $AMD Shares Newly Purchased by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the third quarter, HoldingsChannel reports. The firm bought 3,752 shares of the semiconductor manufacturer’s stock, valued at approximately $2,295,000.

A number of other institutional investors have also recently bought and sold shares of AMD. BlackRock Inc. increased its position in shares of Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares in the last quarter. State Street Corp boosted its stake 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 during the period. Bank of America Corp DE bought a new position in Advanced Micro Devices during the 2nd quarter worth about $7,022,226,000. Jennison Associates LLC increased its holdings in Advanced Micro Devices by 5.8% during the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after purchasing an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Advanced Micro Devices by 33.9% during the 2nd 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. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $552.90 on Thursday. The firm has a 50-day moving average of $550.43 and a 200-day moving average of $419.05. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52. The company has a market cap of $906.81 billion, a PE ratio of 120.20, a price-to-earnings-growth ratio of 4.96 and a beta of 2.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. The company had revenue of $13.38 billion for the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. Advanced Micro Devices’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on AMD shares. Citigroup lifted their price target on Advanced Micro Devices from $575.00 to $800.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Bank of America dropped their target price on Advanced Micro Devices from $720.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. Wolfe Research restated an “outperform” rating and issued a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $700.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $700.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $642.47.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of the company’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 value of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares in the company, valued at $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the completion of the sale, the chief executive officer directly owned 3,032,156 shares of the company’s stock, valued at approximately $1,536,696,660.80. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 230,957 shares of company stock valued at $114,799,511 in the last three months. Corporate insiders own 0.50% of the company’s stock.

Top Advanced Micro Devices Stories

These are some of the AMD stories that stood out recently:

• Positive Sentiment: CoreWeave’s better-than-expected results and improved outlook revived confidence in AI infrastructure spending, lifting chip stocks. Why Advanced Micro Devices Stock Popped Today
• Positive Sentiment: Anthropic’s claim that its Mythos model got Claude running on AMD chips in roughly three days raised the possibility that AI software could become less dependent on Nvidia’s CUDA platform—potentially broadening AMD’s appeal, though adoption remains to be proven. Anthropic’s Mythos claim and Nvidia’s CUDA moat
• Neutral Sentiment: AMD held up as technology shares weakened late amid news concerning Nvidia’s CEO. Any longer-term benefit from competitor disruption is uncertain, since customers must make actual supplier changes for AMD to gain lasting business. Techs Tumble Late; AI Stocks Slide, but Not AMD

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.