Advanced Micro Devices, Inc. $AMD Stock Position Boosted by Calamos Advisors LLC

Calamos Advisors LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 546,514 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,744 shares during the quarter. Advanced Micro Devices accounts for about 1.0% of Calamos Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Calamos Advisors LLC’s holdings in Advanced Micro Devices were worth $334,335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMD. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $7,022,226,000. BlackRock Inc. lifted 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 worth $87,311,650,000 after purchasing an additional 4,535,126 shares during the period. Jupiter Topco LLC bought a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $2,084,651,000. Wellington Management Group LLP increased its position in shares of Advanced Micro Devices by 33.9% during the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock valued at $5,422,444,000 after purchasing an additional 2,365,419 shares during the period. Finally, State Street Corp raised its position in Advanced Micro Devices by 2.9% in the second 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

Analyst Ratings Changes

Several research analysts have issued reports on AMD shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $649.00 price target on shares of Advanced Micro Devices in a report on Wednesday. BMO Capital Markets assumed coverage on shares of Advanced Micro Devices in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price objective on the stock. Mizuho cut their target price on shares of Advanced Micro Devices from $705.00 to $610.00 and set an “outperform” rating for the company in a research report on Wednesday. Zacks Research lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Wolfe Research restated an “outperform” rating and set a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $643.69.

Advanced Micro Devices Stock Up 11.0%

Shares of AMD traded up $44.64 during trading hours on Friday, hitting $449.04. 45,659,370 shares of the company were exchanged, compared to its average volume of 21,429,916. The company has a market cap of $733.04 billion, a PE ratio of 97.62, a PEG ratio of 4.79 and a beta of 2.49. The firm’s 50 day moving average is $546.81 and its 200-day moving average is $414.98. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data 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 return on equity of 12.30% and a net margin of 15.58%. The business had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same period last year, the business earned $1.20 EPS. The firm’s revenue was up 44.7% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.57 EPS for the current fiscal year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 28,811 shares of the business’s 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 completion of the transaction, the executive vice president owned 1,261,461 shares of the company’s stock, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 117,687 shares of the company’s stock, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 231,100 shares of company stock worth $114,867,400. Insiders own 0.50% of the company’s stock.

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.