6,293 Advanced Micro Devices, Inc. $AMD Shares Acquired by Cornerstone Advisors LLC

Cornerstone Advisors LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.7% in the third quarter, HoldingsChannel reports. The firm owned 87,758 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,293 shares during the quarter. Advanced Micro Devices accounts for about 1.8% of Cornerstone Advisors LLC’s holdings, making the stock its 12th largest holding. Cornerstone Advisors LLC’s holdings in Advanced Micro Devices were worth $53,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Citizens Financial Corp boosted its holdings in shares of Advanced Micro Devices by 3.4% during the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock worth $300,000 after buying an additional 16 shares during the period. Fearless Solutions LLC dba Best Invest grew its stake in Advanced Micro Devices by 1.5% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock valued at $718,000 after buying an additional 17 shares during the last quarter. Private Client Services LLC grew its stake in Advanced Micro Devices by 1.7% in the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock valued at $660,000 after buying an additional 18 shares during the last quarter. Essential Investment Partners LLC raised its holdings in Advanced Micro Devices by 40.0% in the 3rd quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer’s stock valued at $39,000 after acquiring an additional 18 shares during the period. Finally, CKW Financial Group raised its holdings in Advanced Micro Devices by 1.3% in the 3rd quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer’s stock valued at $893,000 after acquiring an additional 18 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, Director Nora Denzel sold 9,000 shares of the firm’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $564.88, for a total transaction of $5,083,920.00. Following the transaction, the director owned 78,173 shares in the company, valued at $44,158,364.24. This trade represents a 10.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Norrod sold 17,262 shares of Advanced Micro Devices 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 of the company’s stock, valued at $191,038,501.90. This represents a 4.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 232,588 shares of company stock valued at $116,292,222 over the last ninety days. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices News Roundup

Here’s some of the latest news about AMD:

• Positive Sentiment: Analyst support and Lisa Su’s CEO of the Year recognition reinforce the bullish longer-term narrative around AMD’s recent gains and competitive position, though neither fully offset Friday’s sector weakness. AMD’s Lisa Su named CEO of the year
• Negative Sentiment: Chip stocks sold off as investors reassessed whether Nvidia’s turmoil would benefit competitors or signal wider risks to the AI trade. AMD’s decline also reflected profit-taking after a sharp rally; its elevated valuation may make the stock more vulnerable to sentiment shifts. AMD and other chip stocks slide as Wall Street rethinks the AI trade
• Neutral Sentiment: Director Nora Denzel disclosed a sale of 9,000 AMD shares. The transaction is a modest insider sale and does not by itself establish a change in the company’s outlook. SEC filing

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $534.06 on Friday. The company’s 50 day moving average price is $554.55 and its two-hundred day moving average price is $422.13. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The firm has a market cap of $875.90 billion, a PE ratio of 116.10, a PEG ratio of 5.63 and a beta of 2.49. The company has a quick ratio of 1.93, a current ratio of 2.72 and a debt-to-equity ratio of 0.10.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results 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. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The company had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The firm’s quarterly revenue was up 44.7% on a year-over-year basis. Equities research analysts predict that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMD. BTIG Research began coverage on shares of Advanced Micro Devices in a research report on Thursday. They set a “buy” rating for the company. Benchmark upped their target price on Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Bank of America increased their target price on Advanced Micro Devices from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday. Union Gaming Research reissued a “positive” rating on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Finally, Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Sunday, November 8th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $640.11.

Advanced Micro Devices Company 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.