Advanced Micro Devices, Inc. $AMD Stock: Migdal Insurance & Financial Holdings Ltd. Lowers Position

Migdal Insurance & Financial Holdings Ltd. cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 186,000 shares of the semiconductor manufacturer’s stock after selling 45,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Advanced Micro Devices were worth $113,787,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Hansen & Associates Financial Group Inc. lifted its stake in shares of Advanced Micro Devices by 36.9% during the third quarter. Hansen & Associates Financial Group Inc. now owns 835 shares of the semiconductor manufacturer’s stock valued at $518,000 after buying an additional 225 shares during the period. Drive Wealth Management LLC boosted its position in Advanced Micro Devices by 6.8% during the third quarter. Drive Wealth Management LLC now owns 7,884 shares of the semiconductor manufacturer’s stock worth $4,823,000 after acquiring an additional 505 shares during the last quarter. Rasp Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $269,000. MSH Capital Advisors LLC grew its stake in Advanced Micro Devices by 211.5% in the 3rd quarter. MSH Capital Advisors LLC now owns 6,715 shares of the semiconductor manufacturer’s stock worth $4,125,000 after acquiring an additional 4,559 shares during the period. Finally, Cornerstone Advisory LLC grew its stake in Advanced Micro Devices by 1.7% in the 3rd quarter. Cornerstone Advisory LLC now owns 4,810 shares of the semiconductor manufacturer’s stock worth $2,942,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Jefferies Financial Group restated a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, October 29th. Melius Research set a $650.00 price objective on Advanced Micro Devices in a report on Wednesday, November 4th. CLSA reaffirmed an “outperform” rating and issued a $710.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, September 9th. Finally, 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 note on Wednesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $640.11.

Advanced Micro Devices Trading Down 8.8%

Advanced Micro Devices stock traded down $51.24 during trading on Friday, reaching $534.06. The company had a trading volume of 49,061,909 shares, compared to its average volume of 33,352,236. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The stock’s 50 day moving average price is $554.55 and its two-hundred day moving average price is $422.13. The firm has a market capitalization of $875.90 billion, a price-to-earnings ratio of 116.10, a PEG ratio of 5.63 and a beta of 2.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72.

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 the consensus estimate of $1.95 by $0.14. The firm had revenue of $13.38 billion during 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%. Advanced Micro Devices’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 business posted $1.20 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

Key Stories Impacting Advanced Micro Devices

These are some of the AMD stories that stood out recently:

• 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

Insider Activity at Advanced Micro Devices

In related news, Director Nora Denzel sold 9,000 shares of the stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $564.88, for a total value of $5,083,920.00. Following the transaction, the director directly owned 78,173 shares of the company’s stock, valued at approximately $44,158,364.24. This trade represents a 10.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 232,588 shares of company stock worth $116,292,222. 0.50% of the stock is owned by corporate insiders.

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.