Advanced Micro Devices, Inc. $AMD Stock: Optas LLC Increases Stake

Optas LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 71.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 14,392 shares of the semiconductor manufacturer’s stock after buying an additional 6,001 shares during the quarter. Advanced Micro Devices makes up about 1.2% of Optas LLC’s holdings, making the stock its 16th largest holding. Optas LLC’s holdings in Advanced Micro Devices were worth $8,804,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Citizens Financial Corp lifted its holdings in Advanced Micro Devices by 3.4% during the third quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 16 shares in the last quarter. Fearless Solutions LLC dba Best Invest increased its stake in shares of Advanced Micro Devices by 1.5% in the third quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 17 shares in the last quarter. Private Client Services LLC raised its position in shares of Advanced Micro Devices by 1.7% during the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock valued at $660,000 after purchasing an additional 18 shares during the period. Essential Investment Partners LLC raised its position in shares of Advanced Micro Devices by 40.0% during the 3rd quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer’s stock valued at $39,000 after purchasing an additional 18 shares during the period. Finally, CKW Financial Group raised its position in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer’s stock valued at $893,000 after purchasing an additional 18 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMD. Wells Fargo & Company lowered their target price on shares of Advanced Micro Devices from $700.00 to $650.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 4th. Morgan Stanley increased their price target on Advanced Micro Devices from $465.00 to $510.00 and gave the stock an “equal weight” rating in a research note on Monday, November 2nd. Stifel Nicolaus raised their price target on Advanced Micro Devices from $700.00 to $725.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. CLSA restated 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, Wedbush restated an “outperform” rating and issued a $600.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $640.11.

Insiders Place Their Bets

In other Advanced Micro Devices news, Director Nora Denzel sold 9,000 shares of the business’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $564.88, for a total value of $5,083,920.00. Following the sale, the director owned 78,173 shares in the company, valued at $44,158,364.24. The trade was a 10.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Papermaster sold 28,811 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction 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 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. Over the last 90 days, insiders have sold 232,588 shares of company stock worth $116,292,222. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $51.24 during mid-day trading on Friday, hitting $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 52-week low of $188.22 and a 52-week high of $658.52. The stock’s 50 day moving average price is $554.55 and its 200-day moving average price is $422.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.93. The company has a market capitalization of $875.90 billion, a P/E ratio of 116.10, a P/E/G ratio of 5.63 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results 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. 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

Key Advanced Micro Devices News

Investors following AMD have been watching these news items:

• 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

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.