2,799 Advanced Micro Devices, Inc. $AMD Shares Acquired by Leuthold Group LLC

Leuthold Group LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.1% during the third quarter, Holdings Channel reports. The institutional investor owned 21,344 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,799 shares during the period. Advanced Micro Devices comprises about 1.2% of Leuthold Group LLC’s portfolio, making the stock its 14th largest holding. Leuthold Group LLC’s holdings in Advanced Micro Devices were worth $13,057,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMD. DecisionPoint Financial LLC raised its position in shares of Advanced Micro Devices by 79.2% during the third quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 19 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth $29,000. JNBA Financial Advisors lifted its holdings in shares of Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Downshift Financial LLC grew its position in Advanced Micro Devices by 850.0% in the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 51 shares during the period. Finally, Sawyer & Company Inc acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at $37,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 13.3%

Shares of NASDAQ:AMD opened at $508.58 on Tuesday. The stock has a market cap of $830.24 billion, a price-to-earnings ratio of 110.56, a PEG ratio of 5.01 and a beta of 2.49. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The business’s 50 day moving average is $547.67 and its 200 day moving average is $416.28.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS 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 during the quarter, compared to analyst estimates of $13.10 billion. During the same period in the prior year, the firm posted $1.20 EPS. Advanced Micro Devices’s quarterly revenue was up 44.7% compared to the same quarter last year. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on AMD shares. Weiss Ratings lowered shares of Advanced Micro Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. Wall Street Zen raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Sunday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Stifel Nicolaus lifted their price objective on shares of Advanced Micro Devices from $700.00 to $725.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. Finally, Piper Sandler boosted their target price on shares of Advanced Micro Devices from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $642.47.

Insider Activity

In related 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 transaction, the executive vice president directly owned 353,317 shares of the company’s stock, valued at $191,038,501.90. This trade represents a 4.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the firm’s 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 in the company, valued at $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 230,957 shares of company stock worth $114,799,511. Company insiders own 0.50% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Google Cloud is using AMD’s 5th Gen EPYC processors for host infrastructure supporting its TPU 8tx system. The deal expands AMD’s role in large-scale AI infrastructure, although it is a CPU infrastructure win rather than a selection of AMD’s AI accelerators. AMD announcement on Google Cloud
• Positive Sentiment: Oppenheimer upgraded AMD to Outperform and set a $600 price target, citing accelerating sales and forecasting 135% data-center revenue growth next year. The call helped bolster confidence in AMD’s AI growth outlook. CNBC report on Oppenheimer upgrade
• Positive Sentiment: Recent quarterly results provided additional support: revenue rose 45% year over year, with data-center revenue up 97%, and management expects revenue growth to accelerate. A broader technology-sector rally also helped lift sentiment. Quarterly results and outlook
• Neutral Sentiment: AMD also benefited as investors looked for alternatives amid pressure on Nvidia, though analysts noted that chipmakers could face increased scrutiny of sales practices. MarketWatch analysis
• Negative Sentiment: A reported Radeon GPU bug affecting SSD lifespan is a product concern, although it did not prevent the rally. Commentary also flagged elevated valuation and rising inventory as risks to sustaining gains. TipRanks report on Radeon GPU bug

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.