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

Migdal Insurance & Financial Holdings Ltd. decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,000 shares of the semiconductor manufacturer’s stock after selling 45,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Advanced Micro Devices were worth $113,787,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased 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 valued at $87,311,650,000 after buying an additional 4,535,126 shares in the last quarter. State Street Corp lifted its position in shares of Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after acquiring an additional 2,149,563 shares during the period. Bank of America Corp DE purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter worth approximately $7,022,226,000. Jennison Associates LLC boosted its stake in shares of Advanced Micro Devices by 5.8% during the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after acquiring an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake 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 worth $5,422,444,000 after acquiring an additional 2,365,419 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMD shares. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Susquehanna lifted their price objective on Advanced Micro Devices from $620.00 to $650.00 and gave the stock a “positive” rating in a report on Wednesday, October 28th. BMO Capital Markets started coverage on Advanced Micro Devices in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 target price on the stock. Bank of America upped their target price on Advanced Micro Devices from $650.00 to $700.00 and gave the company a “buy” rating in a report on Thursday. Finally, William Blair raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $640.11.

More Advanced Micro Devices News

These are some of the AMD news items 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 Transactions at Advanced Micro Devices

In other Advanced Micro Devices 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 transaction of $5,083,920.00. Following the sale, the director owned 78,173 shares in the company, valued at approximately $44,158,364.24. This represents a 10.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Norrod sold 17,262 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the transaction, the executive vice president directly owned 353,317 shares of the company’s stock, valued at $191,038,501.90. The trade was a 4.66% decrease in their position. 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 232,588 shares of company stock worth $116,292,222 in the last quarter. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded down $51.24 on Friday, hitting $534.06. The company’s stock had a trading volume of 49,061,909 shares, compared to its average volume of 33,352,236. The stock has a 50 day moving average of $554.55 and a 200-day moving average of $422.13. The company has a market capitalization of $875.90 billion, a price-to-earnings ratio of 116.10, a price-to-earnings-growth ratio of 5.63 and a beta of 2.49. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.93.

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, topping 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 business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same period last year, the company posted $1.20 EPS. The company’s revenue was up 44.7% on a year-over-year basis. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 6.93 EPS for the current year.

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.