3,504 Advanced Micro Devices, Inc. $AMD Shares Purchased by Allen Investment Management LLC

Key Points

• Allen Investment Management increased its AMD stake by 2.7%, buying 3,504 shares in the third quarter to hold 133,786 shares valued at about $81.8 million.
• Institutional investors own 71.34% of AMD shares. Meanwhile, company insiders sold 231,100 shares worth about $114.9 million over the past quarter.
• AMD reported quarterly revenue of $13.38 billion, up 44.7% year over year, and EPS of $2.09, beating estimates; strong AI and data-center growth prospects are balanced by concerns about the stock’s high valuation and competition.

Allen Investment Management LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,786 shares of the semiconductor manufacturer's stock after acquiring an additional 3,504 shares during the quarter. Allen Investment Management LLC's holdings in Advanced Micro Devices were worth $81,845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AMD. BlackRock Inc. lifted its position in shares of Advanced Micro Devices by 3.1% in the second 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 in the last quarter. State Street Corp boosted its holdings in shares of Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock worth $46,606,266,000 after purchasing an additional 2,149,563 shares during the period. Bank of America Corp DE acquired a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $7,022,226,000. Jennison Associates LLC grew its position in Advanced Micro Devices by 5.8% during the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock valued at $5,793,388,000 after purchasing an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Advanced Micro Devices by 33.9% during the second 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 in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the sale, the executive vice president owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of Advanced Micro Devices stock in a transaction 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 sale, the executive vice president directly owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. The trade was a 4.66% 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. Insiders have sold a total of 231,100 shares of company stock worth $114,867,400 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
• Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
• Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
• Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
• Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns

Advanced Micro Devices Trading Up 11.0%

NASDAQ:AMD opened at $449.04 on Friday. The stock's 50 day moving average price is $546.81 and its 200 day moving average price is $414.98. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The company has a market capitalization of $736.46 billion, a P/E ratio of 97.62, a P/E/G ratio of 4.56 and a beta of 2.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.91 and a current ratio of 2.72.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.14. The firm had revenue of $13.38 billion during the quarter, compared to analysts' expectations of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The company's revenue was up 44.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 earnings per share. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 6.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMD shares. HSBC reiterated a "hold" rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a research note on Thursday. CLSA reissued an "outperform" rating and set a $710.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. TD Cowen restated a "buy" rating on shares of Advanced Micro Devices in a report on Monday, October 19th. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $465.00 to $510.00 and gave the stock an "equal weight" rating in a research note on Monday, November 2nd. Finally, Truist Financial upped their price target on shares of Advanced Micro Devices from $594.00 to $605.00 and gave the stock a "buy" rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $643.69.

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.

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