Advanced Micro Devices, Inc. $AMD Stake Lifted by First Command Advisory Services Inc.

First Command Advisory Services Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 261.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,496 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,529 shares during the quarter. First Command Advisory Services Inc.’s holdings in Advanced Micro Devices were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMD. Bank of America Corp DE bought a new position in Advanced Micro Devices during the second quarter valued at approximately $7,022,226,000. BlackRock Inc. grew its position in Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares during the period. Jupiter Topco LLC bought a new stake in Advanced Micro Devices in the 2nd quarter worth approximately $2,084,651,000. Wellington Management Group LLP grew its position in Advanced Micro Devices by 33.9% in 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 during the period. Finally, State Street Corp raised its stake in Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after buying an additional 2,149,563 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Key Headlines Impacting Advanced Micro Devices

These are some of the AMD headlines 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: Google’s selection of AMD’s fifth-generation EPYC processors for its TPU 8tx system, alongside the launch of new EPYC CPUs, reinforced AMD’s opportunity in cloud and AI server workloads. What Is Going on With AMD Stock on Wednesday?
• Negative Sentiment: Investors still face concerns about AMD’s premium valuation, decelerating data-center growth, weaker free cash flow and rising inventory. These factors could limit the rally if expected AI demand does not translate into sustained earnings and cash generation. Lisa Su Just Delivered Fantastic News for AMD Investors

Advanced Micro Devices Trading Up 7.3%

Shares of AMD stock opened at $552.90 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The firm has a fifty day moving average price of $550.43 and a 200-day moving average price of $419.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.93. The company has a market cap of $906.81 billion, a price-to-earnings ratio of 120.20, a PEG ratio of 4.96 and a beta of 2.49.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Wolfe Research reaffirmed an “outperform” rating and issued a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 4th. DA Davidson upped their price objective on Advanced Micro Devices from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Oppenheimer raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $600.00 target price on the stock in a report on Monday. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $700.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Three 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $642.47.

Insiders Place Their Bets

In related news, CEO Lisa Su sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the completion of the transaction, the chief executive officer directly owned 74,211 shares in the company, valued at approximately $37,609,392.69. The trade was a 25.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This trade represents a 8.52% 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 90 days, insiders have sold 230,957 shares of company stock valued at $114,799,511. 0.50% of the stock is currently owned by corporate insiders.

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.