Advanced Micro Devices, Inc. $AMD Stake Raised by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,344 shares of the semiconductor manufacturer’s stock after purchasing an additional 10,429 shares during the period. Advanced Micro Devices accounts for 2.0% of PBU The Pension Fund of Early Childhood & Youth Educators’ investment portfolio, making the stock its 9th biggest position. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Advanced Micro Devices were worth $84,022,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMD. Southpoint Capital Advisors LP boosted its position in shares of Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after acquiring an additional 300,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock worth $1,045,954,000 after purchasing an additional 291,165 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its position in Advanced Micro Devices by 6,968.7% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock worth $85,995,000 after purchasing an additional 138,328 shares during the last quarter. Douglas Lane & Associates LLC raised its stake in Advanced Micro Devices by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer’s stock worth $52,582,000 after purchasing an additional 82,934 shares during the period. Finally, Nan Shan Life Insurance Co. Ltd. raised its stake in Advanced Micro Devices by 1,288.6% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer’s stock worth $127,899,000 after purchasing an additional 204,315 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the topic of a number of research analyst reports. Barclays assumed coverage on shares of Advanced Micro Devices in a report on Thursday. They issued an “overweight” rating on the stock. TD Cowen restated a “buy” rating on shares of Advanced Micro Devices in a report on Monday, October 19th. Morgan Stanley increased their target price on Advanced Micro Devices from $465.00 to $510.00 and gave the stock an “equal weight” rating in a research report on Monday, November 2nd. Wells Fargo & Company reduced their target price on Advanced Micro Devices from $700.00 to $650.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Finally, Sanford C. Bernstein cut Advanced Micro Devices from an “outperform” rating to a “market perform” rating in a report on Thursday. 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 given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $640.11.

Advanced Micro Devices Trading Up 5.9%

Shares of AMD stock opened at $585.30 on Friday. 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, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The firm’s 50 day moving average price is $552.99 and its two-hundred day moving average price is $420.72. The stock has a market cap of $959.94 billion, a price-to-earnings ratio of 127.24, a price-to-earnings-growth ratio of 5.32 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The business’s quarterly revenue was up 44.7% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 6.93 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the transaction, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 223,588 shares of company stock worth $111,208,302. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices News Roundup

Investors following AMD have been watching these news items:

• Positive Sentiment: AMD introduced its Instinct MI450X data-center GPU, broadening its AI chip offering. The company also expanded its PsiQuantum partnership and plans to invest in the quantum-computing firm, a longer-term opportunity. AMD unveils new AI GPU AMD PsiQuantum investment
• Neutral Sentiment: The competitive opening is not assured: Nvidia retains a substantial data-center position, and uncertainty at a rival does not itself guarantee AMD wins orders.
• Negative Sentiment: Valuation remains a risk after the rally, while potential export-control burdens and industry cost pressures could weigh on margins and cash flow. Industry risks amid Nvidia transition

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.