StoneRidge PMG Advisors LLC Makes New $2.17 Million Investment in Advanced Micro Devices, Inc. $AMD

StoneRidge PMG Advisors LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,555 shares of the semiconductor manufacturer’s stock, valued at approximately $2,175,000. Advanced Micro Devices makes up about 1.5% of StoneRidge PMG Advisors LLC’s investment portfolio, making the stock its 13th largest position.

Several other large investors have also added to or reduced their stakes in AMD. Burton Enright Welch lifted its stake in Advanced Micro Devices by 4.5% in the 3rd quarter. Burton Enright Welch now owns 1,030 shares of the semiconductor manufacturer’s stock worth $630,000 after purchasing an additional 44 shares in the last quarter. Beverly Hills Private Wealth LLC grew its position in shares of Advanced Micro Devices by 6.4% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 635 shares of the semiconductor manufacturer’s stock valued at $388,000 after purchasing an additional 38 shares in the last quarter. Bryn Mawr Trust Advisors LLC grew its position in shares of Advanced Micro Devices by 6.1% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 10,791 shares of the semiconductor manufacturer’s stock valued at $6,602,000 after purchasing an additional 622 shares in the last quarter. Means Investment CO. Inc. grew its position in shares of Advanced Micro Devices by 4.2% during the 3rd quarter. Means Investment CO. Inc. now owns 8,700 shares of the semiconductor manufacturer’s stock valued at $5,322,000 after purchasing an additional 352 shares in the last quarter. Finally, M Holdings Securities Inc. bought a new position in shares of Advanced Micro Devices in the third quarter worth $3,176,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock opened at $449.04 on Monday. 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, Inc. has a one year low of $188.22 and a one year high of $658.52. The stock has a market cap of $736.47 billion, a PE ratio of 97.62, a P/E/G ratio of 4.54 and a beta of 2.49. The firm has a 50 day simple moving average of $546.81 and a two-hundred day simple moving average of $414.98.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The firm 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%. The business’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS. On average, analysts predict that Advanced Micro Devices, Inc. will post 6.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Sunday. Roth Capital lifted their price objective on Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, July 24th. TD Cowen restated a “buy” rating on shares of Advanced Micro Devices in a research report on Monday, October 19th. Mizuho decreased their target price on Advanced Micro Devices from $705.00 to $610.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Susquehanna raised their price target on Advanced Micro Devices from $620.00 to $650.00 and gave the company a “positive” rating in a report on Wednesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $642.47.

Key Advanced Micro Devices News

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 Activity at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,993 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total value of $1,462,649.17. Following the completion of the transaction, the senior vice president directly owned 26,623 shares in the company, valued at approximately $13,010,393.87. The trade was a 10.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $9,333,563.40. Following the completion of the transaction, the executive vice president directly owned 353,317 shares in the company, valued at approximately $191,038,501.90. This represents a 4.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 231,100 shares of company stock worth $114,867,400 in the last three months. 0.50% of the stock is owned by 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.