Advanced Micro Devices, Inc. $AMD Holdings Boosted by Optas LLC

Key Points

• Optas LLC increased its AMD stake by 71.5% in the third quarter, adding 6,001 shares to reach 14,392 shares valued at about $8.8 million.
• AMD reported quarterly EPS of $2.09 and revenue of $13.38 billion, beating analyst estimates; revenue rose 44.7% year over year.
• AMD shares fell $51.24 to $534.06 on Friday. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $640.11.

Optas LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 71.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,392 shares of the semiconductor manufacturer's stock after acquiring an additional 6,001 shares during the quarter. Advanced Micro Devices comprises about 1.2% of Optas LLC's investment portfolio, making the stock its 16th biggest holding. Optas LLC's holdings in Advanced Micro Devices were worth $8,804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AMD. BlackRock Inc. raised its holdings in shares of Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after purchasing an additional 4,535,126 shares during the last quarter. State Street Corp lifted its position in 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 valued at $46,606,266,000 after purchasing an additional 2,149,563 shares during the period. Bank of America Corp DE purchased a new stake in Advanced Micro Devices in the second quarter worth approximately $7,022,226,000. Jennison Associates LLC boosted its holdings in Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock worth $5,793,388,000 after purchasing an additional 545,575 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock worth $5,422,444,000 after purchasing an additional 2,365,419 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Key Advanced Micro Devices News

Investors following AMD have been watching these news items:

• Positive Sentiment: Analyst support and Lisa Su’s CEO of the Year recognition reinforce the bullish longer-term narrative around AMD’s recent gains and competitive position, though neither fully offset Friday’s sector weakness. AMD’s Lisa Su named CEO of the year
• 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

Insiders Place Their Bets

In other news, EVP Paul Grasby sold 15,000 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the completion of the sale, the executive vice president owned 117,687 shares of the company's stock, valued at $60,598,213.17. The trade was a 11.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark D. Papermaster sold 28,811 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This trade represents 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. In the last ninety days, insiders sold 232,588 shares of company stock valued at $116,292,222. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $51.24 on Friday, reaching $534.06. The company's stock had a trading volume of 49,061,909 shares, compared to its average volume of 33,352,236. 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 $875.90 billion, a P/E ratio of 116.10, a PEG ratio of 5.63 and a beta of 2.49. The stock's 50 day simple moving average is $554.55 and its two-hundred day simple moving average is $422.13. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. During the same period in the previous year, the business posted $1.20 earnings per share. The firm's quarterly revenue was up 44.7% compared to the same quarter last year. Research analysts forecast that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMD has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $700.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $550.00 to $575.00 and gave the company a "neutral" rating in a report on Wednesday, November 4th. Benchmark increased their price target on Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Royal Bank Of Canada restated a "sector perform" rating and issued a $540.00 price target on shares of Advanced Micro Devices in a research note on Thursday. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $675.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $640.11.

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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