Advanced Micro Devices, Inc. $AMD Stock: Point Windward Advisors Inc. Reduces Holdings

Point Windward Advisors Inc. trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,523 shares of the semiconductor manufacturer’s stock after selling 1,709 shares during the quarter. Advanced Micro Devices accounts for 2.2% of Point Windward Advisors Inc.’s portfolio, making the stock its 11th largest position. Point Windward Advisors Inc.’s holdings in Advanced Micro Devices were worth $5,214,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Citizens Financial Corp lifted its position in Advanced Micro Devices by 3.4% in the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock worth $300,000 after buying an additional 16 shares in the last quarter. Fearless Solutions LLC dba Best Invest boosted its stake in shares of Advanced Micro Devices by 1.5% during the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock valued at $718,000 after buying an additional 17 shares during the period. Private Client Services LLC boosted its stake 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 buying an additional 18 shares during the period. Essential Investment Partners LLC grew its holdings 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 acquiring an additional 18 shares in the last quarter. Finally, CKW Financial Group grew its holdings 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 acquiring an additional 18 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. BTIG Research initiated coverage on Advanced Micro Devices in a research report on Thursday. They issued a “buy” rating on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $675.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 4th. William Blair upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating in a research note on Thursday. Oppenheimer upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $600.00 target price for the company in a research note on Monday. Finally, Robert W. Baird set a $1,250.00 target price on shares of Advanced Micro Devices in a research report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $640.11.

Advanced Micro Devices Stock Performance

AMD opened at $585.30 on Friday. The company has a market cap of $959.94 billion, a PE ratio of 127.24, a price-to-earnings-growth ratio of 5.32 and a beta of 2.49. The stock has a 50-day moving average of $552.99 and a 200-day moving average of $420.72. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72.

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, beating analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The business had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same period last year, the business 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 forecast that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 70,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the completion of the sale, the chief executive officer directly owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the sale, the executive vice president directly owned 117,687 shares of the company’s stock, valued at approximately $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 223,588 shares of company stock valued at $111,208,302. 0.50% of the stock is owned by company insiders.

Trending Headlines about Advanced Micro Devices

Here are a few of the latest headlines about AMD:

• 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
• Positive Sentiment: Reports of Nvidia CEO Jensen Huang’s resignation and the ensuing uncertainty prompted investors to rotate toward rival chipmakers, potentially giving AMD an opportunity to capture market share. Nvidia turmoil and AMD
• 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.

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.