ZEGA Investments LLC Buys New Shares in Advanced Micro Devices, Inc. $AMD

ZEGA Investments LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,484 shares of the semiconductor manufacturer’s stock, valued at approximately $1,211,000.

Several other large investors have also recently added to or reduced their stakes in the company. Wise Wealth Partners acquired a new stake in Advanced Micro Devices during the second quarter worth $343,000. Waterfront Wealth Inc. acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at about $1,145,000. Parisi Gray Wealth Management bought a new stake in Advanced Micro Devices in the second quarter valued at about $343,000. Global Retirement Partners LLC acquired a new position in Advanced Micro Devices in the second quarter worth about $4,519,000. Finally, Cornercap Investment Counsel Inc. lifted its stake in Advanced Micro Devices by 43.3% during the second quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock worth $1,738,000 after purchasing an additional 3,702 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: KeyBanc analyst upgrades for Intel and AMD lifted chip stocks; the note helped spark buying in AMD alongside peers. Intel Stock Gains. Why the Chip Company and AMD Got Upgrades.
• Positive Sentiment: AMD launched a new family of x86 AI edge processors (Ryzen AI Embedded P100 and X100), a product move that supports revenue/market-share upside in edge AI. Advanced Micro Devices (AMD) Launches a New Family of x86 Chips
• Positive Sentiment: High-profile bullish mentions (Jim Cramer, investor commentary) are reinforcing investor conviction in AMD’s AI chip performance and growth story. Advanced Micro Devices (AMD)’s Got Great Performing AI Chips, Says Jim Cramer
• Positive Sentiment: Market reacted to a leaked shipping manifest listing a new Ryzen 9 Pro CPU—product-leak momentum tends to lift short-term sentiment. AMD Stock Climbs on New Ryzen 9 Pro CPU Leak
• Positive Sentiment: Investor pieces and bullish research (TipRanks, Seeking Alpha, Motley Fool coverage) are promoting a “time to buy” narrative around AMD’s AI upside, supporting demand. ‘Time to Hop In,’ Says Investor About AMD Stock
• Neutral Sentiment: Zacks noted AMD outperformed the broader market in the latest session (stock closed up ~2.2% on that trading day), reflecting the combined effect of the above items. Advanced Micro Devices (AMD) Outperforms Broader Market
• Neutral Sentiment: Reported short‑interest data is effectively zero/ambiguous (data anomalies), so there’s no clear short-squeeze signal from the public numbers at this time.
• Negative Sentiment: Macro/sector headwinds and cautionary pieces (DoJ/other headlines, Forbes cautionary take on AMD’s historical volatility) could weigh on sentiment and increase downside risk during a market pullback. Why AMD Stock Can Fall
• Negative Sentiment: Pre‑market softness in chip stocks tied to macro headlines (jobs report, regulatory headlines) can pressure short‑term moves. NVDA, INTC and AMD Forecast – Microchips Slightly Negative Early on Monday

Advanced Micro Devices Stock Up 2.2%

Shares of NASDAQ AMD opened at $207.69 on Tuesday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $267.08. The firm’s 50-day simple moving average is $220.29 and its 200 day simple moving average is $193.07. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The company has a market cap of $338.13 billion, a price-to-earnings ratio of 102.82, a price-to-earnings-growth ratio of 0.86 and a beta of 1.95.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was up 35.6% on a year-over-year basis. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,108 shares of Advanced Micro Devices stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the sale, the executive vice president directly owned 1,714,505 shares in the company, valued at $411,686,940.60. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president owned 300,348 shares in the company, valued at approximately $68,890,820.76. The trade was a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 178,358 shares of company stock worth $39,229,623. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TD Cowen increased their target price on Advanced Micro Devices from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Roth Capital reiterated a “buy” rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Piper Sandler reissued an “overweight” rating and set a $280.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Dbs Bank raised shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. Finally, Wedbush reiterated an “outperform” rating and set a $290.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $277.44.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.