Advanced Micro Devices, Inc. $AMD Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 192,422 shares of the semiconductor manufacturer’s stock after selling 19,150 shares during the period. Advanced Micro Devices accounts for approximately 1.0% of Factory Mutual Insurance Co.’s portfolio, making the stock its 22nd biggest position. Factory Mutual Insurance Co.’s holdings in Advanced Micro Devices were worth $117,716,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Aware Super Pty Ltd as trustee of Aware Super boosted its position in Advanced Micro Devices by 2.5% during the third quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 178,199 shares of the semiconductor manufacturer’s stock valued at $109,015,000 after purchasing an additional 4,374 shares during the last quarter. Garde Capital Inc. grew its stake in Advanced Micro Devices by 2.0% in the third quarter. Garde Capital Inc. now owns 1,148 shares of the semiconductor manufacturer’s stock valued at $702,000 after purchasing an additional 23 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its position in shares of Advanced Micro Devices by 6.1% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 11,667 shares of the semiconductor manufacturer’s stock worth $7,138,000 after purchasing an additional 671 shares during the last quarter. BOCHK Asset Management Ltd increased its position in shares of Advanced Micro Devices by 89.9% during the 3rd quarter. BOCHK Asset Management Ltd now owns 44,450 shares of the semiconductor manufacturer’s stock worth $27,193,000 after purchasing an additional 21,040 shares during the last quarter. Finally, Next Level Wealth Planning LLC acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth approximately $144,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD reported record Q3 revenue of $13.38 billion and earnings of $2.09 per share, beating analyst estimates. Data-center revenue rose 97% year over year to $8.55 billion, driven by sales of Instinct GPUs and EPYC processors. CNBC earnings report
• Positive Sentiment: The company forecast roughly $17 billion in Q4 revenue, above expectations, implying a sharp sequential increase and about 66% year-over-year growth. The guidance reinforced confidence that AI-chip demand and data-center expansion are accelerating. Reuters outlook coverage
• Neutral Sentiment: Management described the quarter as the company’s largest and most profitable, while coverage also noted mixed performance outside data center, including in gaming, client and embedded businesses. Yahoo Finance interview
• Negative Sentiment: Investors may remain alert to the cost of scaling AI growth: commentary flagged a roughly $3 billion inventory build and sharply weaker free cash flow. AMD’s high valuation also leaves the stock vulnerable if future growth fails to meet elevated expectations. Barchart analysis

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $483.90 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The stock has a 50 day moving average of $548.70 and a 200-day moving average of $411.73. The company has a market capitalization of $789.95 billion, a P/E ratio of 124.40, a P/E/G ratio of 4.79 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last posted 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. 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 analyst estimates of $13.10 billion. During the same period in the previous year, the firm earned $1.20 EPS. The firm’s revenue was up 44.7% compared to the same quarter last year. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of analyst reports. Melius Research set a $660.00 price objective on Advanced Micro Devices in a research note on Friday, July 24th. DA Davidson raised their target price on shares of Advanced Micro Devices from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. William Blair restated a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Weiss Ratings upgraded shares of Advanced Micro Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Wedbush reaffirmed an “outperform” rating and set a $600.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, October 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $608.78.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Norrod sold 17,262 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the sale, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. This trade represents a 4.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 70,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the sale, the chief executive officer directly owned 3,032,156 shares of the company’s stock, valued at $1,536,696,660.80. The trade was a 2.26% 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 sold 231,100 shares of company stock valued at $114,867,400. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.