Advanced Micro Devices, Inc. $AMD Stock: Waycross Partners LLC Increases Holdings

Waycross Partners LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,564 shares of the semiconductor manufacturer’s stock after buying an additional 6,176 shares during the quarter. Advanced Micro Devices accounts for about 2.9% of Waycross Partners LLC’s portfolio, making the stock its 13th largest position. Waycross Partners LLC’s holdings in Advanced Micro Devices were worth $37,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMD. Bank of America Corp DE acquired a new stake in Advanced Micro Devices during the 2nd quarter worth about $7,022,226,000. BlackRock Inc. grew its stake in shares of Advanced Micro Devices by 3.1% during 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 purchased a new position in Advanced Micro Devices in the second quarter valued at $2,084,651,000. Wellington Management Group LLP raised its position in shares of Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after acquiring an additional 2,365,419 shares during the period. Finally, State Street Corp boosted its stake in shares of 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 worth $46,606,266,000 after acquiring an additional 2,149,563 shares in the last quarter. 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

Wall Street Analyst Weigh In

AMD has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price target on Advanced Micro Devices from $700.00 to $725.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James Financial reissued a “strong-buy” rating and issued a $649.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research note on Monday, October 19th. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $550.00 to $575.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $675.00 price target on shares of Advanced Micro Devices in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $643.69.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Paul Grasby sold 15,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the transaction, the executive vice president owned 117,687 shares of the company’s stock, valued at $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the transaction, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at approximately $595,245,602.07. This trade represents a 2.23% decrease in their position. 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. Insiders sold a total of 231,100 shares of company stock worth $114,867,400 over the last ninety days. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded up $44.64 during trading hours on Friday, hitting $449.04. 45,659,370 shares of the stock were exchanged, compared to its average volume of 21,429,916. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. The firm’s fifty day moving average price is $546.81 and its 200 day moving average price is $414.98. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The company has a market cap of $733.04 billion, a P/E ratio of 97.62, a P/E/G ratio of 4.79 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same period in the prior year, the business earned $1.20 earnings per share. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.57 EPS for the current fiscal year.

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.