Advanced Micro Devices, Inc. $AMD Stock: Keybank National Association OH Decreases Position

Keybank National Association OH decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 92,940 shares of the semiconductor manufacturer’s stock after selling 4,774 shares during the period. Keybank National Association OH’s holdings in Advanced Micro Devices were worth $56,857,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMD. Triton Wealth Management PLLC grew its position in shares of Advanced Micro Devices by 3.9% in the third quarter. Triton Wealth Management PLLC now owns 1,371 shares of the semiconductor manufacturer’s stock valued at $839,000 after purchasing an additional 52 shares during the last quarter. D.B. Root & Company LLC increased its stake in shares of Advanced Micro Devices by 3.5% during the 3rd quarter. D.B. Root & Company LLC now owns 2,068 shares of the semiconductor manufacturer’s stock worth $1,265,000 after purchasing an additional 70 shares in the last quarter. D Orazio & Associates Inc. raised its position in shares of Advanced Micro Devices by 7.6% during the 3rd quarter. D Orazio & Associates Inc. now owns 2,572 shares of the semiconductor manufacturer’s stock worth $1,574,000 after purchasing an additional 182 shares during the last quarter. Blue Water Asset Management raised its position in shares of Advanced Micro Devices by 4.2% during the 3rd quarter. Blue Water Asset Management now owns 591 shares of the semiconductor manufacturer’s stock worth $362,000 after purchasing an additional 24 shares during the last quarter. Finally, New York Life Investment Management LLC raised its position in shares of Advanced Micro Devices by 13.9% during the 3rd quarter. New York Life Investment Management LLC now owns 276,188 shares of the semiconductor manufacturer’s stock worth $168,961,000 after purchasing an additional 33,729 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.3%

Shares of AMD opened at $515.21 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $844.99 billion, a P/E ratio of 112.00, a price-to-earnings-growth ratio of 4.90 and a beta of 2.49. The stock’s fifty day simple moving average is $548.56 and its 200 day simple moving average is $417.58. 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 quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $13.38 billion for the quarter, compared to analyst estimates of $13.10 billion. During the same quarter last year, the firm posted $1.20 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 44.7% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, 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 sale, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the 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 completion of the sale, the executive vice president owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This represents a 8.52% 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. In the last three months, insiders have sold 230,957 shares of company stock worth $114,799,511. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent research reports. Union Gaming Research reaffirmed a “positive” rating on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Mizuho dropped their price target on Advanced Micro Devices from $705.00 to $610.00 and set an “outperform” rating for the company in a research report on Wednesday, November 4th. Robert W. Baird set a $1,250.00 price target on Advanced Micro Devices in a research report on Friday, July 24th. Zacks Research cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Finally, Wolfe Research restated an “outperform” rating and issued a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $642.47.

More Advanced Micro Devices News

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

• Positive Sentiment: Reports that AMD plans to invest $2.5 billion in Anthropic added to optimism about its AI strategy and commercial ties. The news comes alongside reports that AMD is among companies participating in a broader Anthropic share purchase. Article: Stock Market Today, Nov. 10: AMD Rises on Plan to Invest $2.5 Billion in Anthropic
• Positive Sentiment: AMD’s data-center sales grew 97% in the third quarter, driven by EPYC server CPUs and the MI450 launch. The company sees substantial long-term markets for server CPUs and GPUs, while a new generation of EPYC processors is shipping through server partners. Article: 2 Reasons AMD Can Still Outperform by 2030 Article: AMD Showcases 6th Gen AMD EPYC Processors
• Positive Sentiment: Oppenheimer’s Outperform rating and $600 price target, along with sharply higher earnings estimates from Northland Securities, reinforce expectations for strong growth. Article: Oppenheimer Just Set a Whopping $600 Target on AMD Stock
• Neutral Sentiment: AMD shares have benefited from Nvidia-related uncertainty, but analysts caution that investor money moving between chip stocks is not the same as customers switching suppliers. A lasting gain depends on winning and retaining business. Article: AMD’s Stock Fades as Investors Weigh Whether Nvidia’s Turmoil Will Mean Lasting Wins
• Negative Sentiment: Some coverage flags declining free cash flow and rising inventory as risks. AMD’s rich valuation may leave less room for disappointment if its coming results do not confirm that AI demand is converting into healthy cash generation. Article: Here’s The AMD Data Center Number Investors Need to Know

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.