Aberdeen Group plc Buys 494,352 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Aberdeen Group increased its AMD stake by 33.8% in the third quarter, buying 494,352 shares to reach 1,954,944 shares valued at about $1.20 billion.
• Analyst views remain broadly positive, with a “Moderate Buy” consensus and an average price target of $640.11, though Citigroup recently downgraded the stock to “underperform.”
• AMD reported quarterly earnings of $2.09 per share, beating estimates of $1.95; revenue rose 44.7% year over year to $13.38 billion.

Aberdeen Group plc grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 33.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,954,944 shares of the semiconductor manufacturer's stock after acquiring an additional 494,352 shares during the period. Advanced Micro Devices accounts for approximately 1.3% of Aberdeen Group plc's portfolio, making the stock its 14th largest holding. Aberdeen Group plc owned 0.12% of Advanced Micro Devices worth $1,195,957,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. DecisionPoint Financial LLC boosted its position in 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 buying an additional 19 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth approximately $29,000. JNBA Financial Advisors increased its stake in shares of Advanced Micro Devices by 142.9% during the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock valued at $30,000 after buying an additional 30 shares during the period. Graney & King LLC purchased a new stake in Advanced Micro Devices in the first quarter worth $31,000. Finally, Main Street Group LTD purchased a new position in shares of Advanced Micro Devices during the first quarter valued at about $33,000. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AMD shares. Citigroup cut shares of Advanced Micro Devices from a "buy" rating to an "underperform" rating in a research report on Thursday. 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. BMO Capital Markets began coverage on shares of Advanced Micro Devices in a research note on Thursday, August 20th. They set an "outperform" rating and a $550.00 target price for the company. Benchmark lifted their target price on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Finally, Wolfe Research reiterated an "outperform" rating and set a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $640.11.

Key Advanced Micro Devices News

Here's some of the latest news about AMD:

• Positive Sentiment: Google’s selection of AMD EPYC processors for infrastructure supporting its next-generation TPU chips strengthens AMD’s role in hyperscaler AI systems and could support data-center growth. How to Play AMD Stock as Google Picks EPYC for Its Next-Gen TPUs
• Negative Sentiment: Chip stocks sold off as investors reassessed whether Nvidia’s turmoil would benefit competitors or signal wider risks to the AI trade. AMD’s decline also reflected profit-taking after a sharp rally; its elevated valuation may make the stock more vulnerable to sentiment shifts. AMD and other chip stocks slide as Wall Street rethinks the AI trade
• Neutral Sentiment: Director Nora Denzel disclosed a sale of 9,000 AMD shares. The transaction is a modest insider sale and does not by itself establish a change in the company’s outlook. SEC filing

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Grasby sold 15,000 shares of the business'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 transaction, the executive vice president owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa Su sold 70,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the transaction, the chief executive officer directly owned 3,032,156 shares of the company's stock, valued at $1,536,696,660.80. The trade was a 2.26% 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 sold a total of 232,588 shares of company stock worth $116,292,222 in the last three months. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $534.06 on Friday. The company has a quick ratio of 1.93, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average is $554.55 and its two-hundred day moving average is $422.13. 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 $875.90 billion, a PE ratio of 116.10, a price-to-earnings-growth ratio of 5.63 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) 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. The company had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The firm's revenue for the quarter was up 44.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. As a group, analysts expect that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

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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