Advanced Micro Devices, Inc. $AMD Stock Sold by Tamar Securities LLC

Tamar Securities LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 54.2% in the third quarter, Holdings Channel reports. The institutional investor owned 1,279 shares of the semiconductor manufacturer’s stock after selling 1,511 shares during the quarter. Tamar Securities LLC’s holdings in Advanced Micro Devices were worth $782,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMD. BlackRock Inc. increased its stake in 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 during the last quarter. State Street Corp lifted its stake in shares of 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 valued at $46,606,266,000 after purchasing an additional 2,149,563 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $7,022,226,000. Jennison Associates LLC lifted its stake in shares of Advanced Micro Devices by 5.8% in the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock valued at $5,793,388,000 after purchasing an additional 545,575 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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

Insiders Place Their Bets

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 sale, the executive vice president owned 353,317 shares in the company, valued at $191,038,501.90. This represents a 4.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 70,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.80, for a total transaction 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 $1,536,696,660.80. The trade was a 2.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 231,100 shares of company stock worth $114,867,400. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Stock Up 11.0%

Shares of NASDAQ AMD traded up $44.64 during midday trading on Friday, hitting $449.04. The company’s stock had a trading volume of 45,659,370 shares, compared to its average volume of 21,429,916. The business’s fifty day simple moving average is $546.81 and its two-hundred day simple moving average is $414.98. The firm has a market capitalization of $733.04 billion, a price-to-earnings ratio of 97.62, a price-to-earnings-growth ratio of 4.79 and a beta of 2.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The business 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 15.58% and a return on equity of 12.30%. The company’s revenue was up 44.7% on a year-over-year basis. During the same period last year, the business earned $1.20 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 6.57 EPS for the current year.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent analyst reports. DA Davidson lifted their price target on shares of Advanced Micro Devices from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. Citigroup lifted their target price on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a research report on Wednesday. Finally, Stifel Nicolaus upped their price target on Advanced Micro Devices from $700.00 to $725.00 and gave the stock a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $643.69.

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.