Advanced Micro Devices, Inc. $AMD Shares Purchased by Hamilton Capital LLC

Hamilton Capital LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 233.1% during the third quarter, HoldingsChannel.com reports. The firm owned 2,851 shares of the semiconductor manufacturer’s stock after buying an additional 1,995 shares during the period. Hamilton Capital LLC’s holdings in Advanced Micro Devices were worth $1,744,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after acquiring an additional 4,535,126 shares in the last quarter. State Street Corp increased its position 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 worth $46,606,266,000 after purchasing an additional 2,149,563 shares during the last quarter. Invesco Ltd. raised its stake in shares of Advanced Micro Devices by 15.9% in the 4th quarter. Invesco Ltd. now owns 15,473,280 shares of the semiconductor manufacturer’s stock valued at $3,313,758,000 after purchasing an additional 2,124,867 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Advanced Micro Devices during the second quarter worth about $7,022,226,000. Finally, Jennison Associates LLC grew its stake in Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after purchasing an additional 545,575 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research analyst reports. Benchmark increased their target price on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Sunday. Morgan Stanley lifted their price objective on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Bank of America boosted their target price on shares of Advanced Micro Devices from $620.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Finally, Wedbush reissued an “outperform” rating and set a $600.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $585.26.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD’s data-center revenue reportedly increased 107% year over year to $6.7 billion, underscoring strong demand for its AI accelerators and server processors. Global AI infrastructure spending is also expected to remain substantial. AMD Stock: Drops Despite Record Revenue and Surging AI Data Center Demand
• Positive Sentiment: TSMC reported record quarterly revenue, up 50% year over year, signaling that demand for advanced chips used by AMD and other AI companies remains robust. Nvidia, AMD, Intel Stocks Despite Record AI Demand
• Positive Sentiment: CEO Lisa Su’s meetings with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. AMD CEO Says Continues to Explore Foundry Partnership With Samsung
• Positive Sentiment: Analysts remain constructive: BNP Paribas identified further upside from AMD’s CPU, AI accelerator and inference-chip opportunities, while Citi recently raised its price target. AMD Stock Isn’t Undervalued, but Wall Street May Be Underestimating a Key Opportunity
• Neutral Sentiment: AMD scheduled its third-quarter earnings report for November 3. Investors may remain cautious ahead of the release, which will provide an important test of AI demand, supply expansion and forward guidance. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher bond yields and oil prices are pressuring richly valued growth and AI stocks, prompting investors to rotate out of semiconductor names across the sector. Why Are Intel and AMD Stocks Plunging on Thursday?
• Negative Sentiment: AMD’s valuation leaves little room for execution setbacks after its sharp rally. Concerns include whether future AI commitments will translate into repeat deployments, cash flow and sustainable margins. AMD’s Valuation Is Starting to Ruffle Feathers on Wall Street
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases over the past six months, adding to investor caution even though such sales may reflect scheduled diversification.

Insiders Place Their Bets

In related news, CEO Lisa Su sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the sale, the chief executive officer directly owned 3,032,156 shares in the company, valued at $1,536,696,660.80. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction 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 sale, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. The trade was a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $25.18 during trading hours on Thursday, reaching $620.68. The stock had a trading volume of 23,402,461 shares, compared to its average volume of 32,602,393. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The firm has a 50-day simple moving average of $523.60 and a 200-day simple moving average of $455.44. The firm has a market capitalization of $1.01 trillion, a PE ratio of 159.56, a price-to-earnings-growth ratio of 6.73 and a beta of 2.45. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. Advanced Micro Devices’s quarterly revenue was up 50.1% on a year-over-year basis. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.