27,736,112 Advanced Micro Devices, Inc. $AMD Shares Sold by M&G PLC

M&G PLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 100.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,650 shares of the semiconductor manufacturer’s stock after selling 27,736,112 shares during the period. M&G PLC’s holdings in Advanced Micro Devices were worth $1,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DecisionPoint Financial LLC boosted its stake 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 valued at $26,000 after purchasing an additional 19 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Advanced Micro Devices during the third quarter worth $29,000. JNBA Financial Advisors boosted its position in Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 30 shares in the last quarter. Downshift Financial LLC boosted its position in Advanced Micro Devices by 850.0% during the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 51 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $37,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices News Summary

Investors following AMD have been watching these news items:

• Positive Sentiment: Google’s selection of AMD’s fifth-generation EPYC processors for its TPU 8tx system, alongside the launch of new EPYC CPUs, reinforced AMD’s opportunity in cloud and AI server workloads. What Is Going on With AMD Stock on Wednesday?
• Positive Sentiment: Anthropic’s claim that its Mythos model got Claude running on AMD chips in roughly three days raised the possibility that AI software could become less dependent on Nvidia’s CUDA platform—potentially broadening AMD’s appeal, though adoption remains to be proven. Anthropic’s Mythos claim and Nvidia’s CUDA moat
• Neutral Sentiment: AMD held up as technology shares weakened late amid news concerning Nvidia’s CEO. Any longer-term benefit from competitor disruption is uncertain, since customers must make actual supplier changes for AMD to gain lasting business. Techs Tumble Late; AI Stocks Slide, but Not AMD

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMD. Robert W. Baird set a $1,250.00 price target on Advanced Micro Devices in a research report on Friday, July 24th. Jefferies Financial Group reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Thursday, October 29th. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Sunday. Rosenblatt Securities reiterated a “buy” rating and issued a $700.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Finally, UBS Group decreased their price target on shares of Advanced Micro Devices from $730.00 to $700.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $642.47.

Advanced Micro Devices Stock Up 7.3%

Advanced Micro Devices stock opened at $552.90 on Thursday. 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 stock has a market capitalization of $906.81 billion, a price-to-earnings ratio of 120.20, a PEG ratio of 4.96 and a beta of 2.49. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52. The business has a fifty day moving average price of $550.43 and a 200-day moving average price of $419.05.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same period in the previous year, the business earned $1.20 EPS. The firm’s revenue for the quarter was up 44.7% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa Su sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.79, for a total value of $12,669,750.00. Following the completion of the sale, the chief executive officer owned 74,211 shares of the company’s stock, valued at approximately $37,609,392.69. This trade represents a 25.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total value of $1,462,649.17. Following the sale, the senior vice president owned 26,623 shares in the company, valued at $13,010,393.87. The trade was a 10.11% 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. In the last 90 days, insiders have sold 230,957 shares of company stock valued at $114,799,511. 0.50% of the stock is currently owned by corporate insiders.

About Advanced Micro Devices

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.