Advanced Micro Devices, Inc. $AMD Shares Bought by IFG Advisory LLC

Key Points

• IFG Advisory increased its AMD stake by 52.4% in the third quarter, adding 4,145 shares to reach 12,062 shares, valued at about $7.38 million. Other institutional investors also reported purchases; institutions collectively own 71.34% of AMD.
• AMD reported quarterly earnings of $2.09 per share, beating estimates of $1.95, while revenue of $13.38 billion exceeded forecasts and rose 44.7% year over year.
• AMD shares fell to $534.06 on Friday. Analysts’ consensus rating was Moderate Buy, with an average price target of $640.11; reported insider sales included transactions under pre-arranged or tax-related arrangements.

IFG Advisory LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 52.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,062 shares of the semiconductor manufacturer's stock after acquiring an additional 4,145 shares during the quarter. IFG Advisory LLC's holdings in Advanced Micro Devices were worth $7,379,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMD. DecisionPoint Financial LLC increased its position in shares of Advanced Micro Devices by 79.2% during the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 19 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Advanced Micro Devices in the third quarter worth approximately $29,000. JNBA Financial Advisors boosted its holdings in shares of Advanced Micro Devices by 142.9% in the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after buying an additional 30 shares during the last quarter. Downshift Financial LLC grew its position in Advanced Micro Devices by 850.0% during the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock valued at $35,000 after buying an additional 51 shares during the period. Finally, Sawyer & Company Inc bought a new stake in Advanced Micro Devices during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $51.24 during trading hours on Friday, hitting $534.06. 49,061,909 shares of the stock traded hands, compared to its average volume of 33,352,236. The company has a quick ratio of 1.93, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The company has a market cap of $875.90 billion, a price-to-earnings ratio of 116.10, a price-to-earnings-growth ratio of 5.63 and a beta of 2.49. The stock has a 50 day moving average price of $554.55 and a 200 day moving average price of $422.13.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.14. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.93 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Grasby sold 15,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the sale, the executive vice president owned 117,687 shares in the company, valued at approximately $60,598,213.17. This represents a 11.30% decrease in their position. The sale 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, EVP Mark D. Papermaster sold 28,811 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 232,588 shares of company stock worth $116,292,222 in the last 90 days. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices News Roundup

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research cut shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 1st. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $550.00 to $575.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 4th. HC Wainwright began coverage on shares of Advanced Micro Devices in a research report on Thursday. They set a "buy" rating for the company. Truist Financial upped their price objective on Advanced Micro Devices from $594.00 to $605.00 and gave the stock a "buy" rating in a research note on Wednesday, November 4th. Finally, Sanford C. Bernstein lowered Advanced Micro Devices from an "outperform" rating to a "market perform" rating in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $640.11.

Advanced Micro Devices Company 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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