13,156 Advanced Micro Devices, Inc. $AMD Shares Acquired by Illinois Municipal Retirement Fund

Key Points

• Illinois Municipal Retirement Fund increased its AMD stake by 22.6% in the third quarter, adding 13,156 shares to reach 71,407 shares valued at about $43.7 million.
• AMD reported quarterly EPS of $2.09, beating the $1.95 consensus, while revenue of $13.38 billion exceeded estimates and rose 44.7% year over year.
• Institutional investors own 71.34% of AMD shares. Analysts have a consensus “Moderate Buy” rating and an average price target of $642.47.

Illinois Municipal Retirement Fund lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 22.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,407 shares of the semiconductor manufacturer's stock after acquiring an additional 13,156 shares during the quarter. Advanced Micro Devices makes up approximately 0.5% of Illinois Municipal Retirement Fund's holdings, making the stock its 28th largest holding. Illinois Municipal Retirement Fund's holdings in Advanced Micro Devices were worth $43,684,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Bank of America Corp DE acquired a new stake in Advanced Micro Devices in the second quarter worth about $7,022,226,000. BlackRock Inc. raised its holdings in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares during the last quarter. Jupiter Topco LLC bought a new stake in Advanced Micro Devices during the 2nd quarter worth about $2,084,651,000. Wellington Management Group LLP lifted its position in Advanced Micro Devices by 33.9% during the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock valued at $5,422,444,000 after purchasing an additional 2,365,419 shares during the period. Finally, State Street Corp lifted its position in Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock valued at $46,606,266,000 after purchasing an additional 2,149,563 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD opened at $515.21 on Wednesday. The stock has a market cap of $844.99 billion, a P/E ratio of 112.00, a price-to-earnings-growth ratio of 4.90 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 stock's 50-day moving average price is $548.56 and its two-hundred day moving average price is $417.58. The company has a current ratio of 2.72, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced 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. The company had revenue of $13.38 billion during the quarter, compared to analysts' expectations of $13.10 billion. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. Advanced Micro Devices's revenue was up 44.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

Insider Activity

In related news, EVP Forrest Norrod sold 17,262 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. The trade was 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. 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 company insiders.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Reports that AMD plans to invest $2.5 billion in Anthropic added to optimism about its AI strategy and commercial ties. The news comes alongside reports that AMD is among companies participating in a broader Anthropic share purchase. Article: Stock Market Today, Nov. 10: AMD Rises on Plan to Invest $2.5 Billion in Anthropic
• Positive Sentiment: AMD’s data-center sales grew 97% in the third quarter, driven by EPYC server CPUs and the MI450 launch. The company sees substantial long-term markets for server CPUs and GPUs, while a new generation of EPYC processors is shipping through server partners. Article: 2 Reasons AMD Can Still Outperform by 2030 Article: AMD Showcases 6th Gen AMD EPYC Processors
• Positive Sentiment: Oppenheimer’s Outperform rating and $600 price target, along with sharply higher earnings estimates from Northland Securities, reinforce expectations for strong growth. Article: Oppenheimer Just Set a Whopping $600 Target on AMD Stock
• Neutral Sentiment: AMD shares have benefited from Nvidia-related uncertainty, but analysts caution that investor money moving between chip stocks is not the same as customers switching suppliers. A lasting gain depends on winning and retaining business. Article: AMD’s Stock Fades as Investors Weigh Whether Nvidia’s Turmoil Will Mean Lasting Wins
• Negative Sentiment: Some coverage flags declining free cash flow and rising inventory as risks. AMD’s rich valuation may leave less room for disappointment if its coming results do not confirm that AI demand is converting into healthy cash generation. Article: Here’s The AMD Data Center Number Investors Need to Know

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMD. DA Davidson raised their target price on shares of Advanced Micro Devices from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday, November 4th. CLSA reissued an "outperform" rating and set a $710.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. Benchmark boosted their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Sunday. Finally, William Blair reaffirmed a "market perform" rating on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Three investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $642.47.

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.

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