Advanced Micro Devices, Inc. $AMD Shares Purchased by AlphaCore Capital LLC

Key Points

• AlphaCore Capital increased its AMD stake by 44.8% in the third quarter, adding 3,319 shares to hold 10,733 shares valued at about $6.57 million.
• AMD reported quarterly EPS of $2.09, beating the $1.95 consensus, while revenue rose 44.7% year over year to $13.38 billion.
• Analysts’ consensus rating is Moderate Buy, with an average target price of $642.47; meanwhile, company insiders sold 230,957 shares worth about $114.8 million over the last quarter.

AlphaCore Capital LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,733 shares of the semiconductor manufacturer's stock after acquiring an additional 3,319 shares during the quarter. AlphaCore Capital LLC's holdings in Advanced Micro Devices were worth $6,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Citizens Financial Corp lifted its holdings in Advanced Micro Devices by 3.4% during the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock worth $300,000 after buying an additional 16 shares in the last quarter. Fearless Solutions LLC dba Best Invest increased its stake in shares of Advanced Micro Devices by 1.5% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer's stock valued at $718,000 after buying an additional 17 shares during the period. Private Client Services LLC increased its stake in shares of Advanced Micro Devices by 1.7% in the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer's stock valued at $660,000 after buying an additional 18 shares during the period. Essential Investment Partners LLC raised its position in shares of Advanced Micro Devices by 40.0% during the third quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer's stock worth $39,000 after acquiring an additional 18 shares during the last quarter. Finally, CKW Financial Group raised its position in shares of Advanced Micro Devices by 1.3% during the third quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer's stock worth $893,000 after acquiring an additional 18 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 25,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the transaction, the chief executive officer owned 74,211 shares of the company's stock, valued at $37,609,392.69. This trade represents a 25.20% decrease in their position. The transaction was disclosed in a legal filing 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, SVP Ava Hahn sold 2,993 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president owned 26,623 shares of the company's stock, valued at approximately $13,010,393.87. This represents a 10.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 230,957 shares of company stock worth $114,799,511 over the last quarter. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMD. HSBC reaffirmed a "hold" rating and set a $540.00 price target on shares of Advanced Micro Devices in a research note on Thursday, November 5th. Raymond James Financial reiterated a "strong-buy" rating and issued a $649.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Sanford C. Bernstein reissued an "outperform" rating on shares of Advanced Micro Devices in a report on Wednesday, November 4th. KeyCorp reissued an "overweight" rating and set a $725.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Finally, UBS Group cut their target price on shares of Advanced Micro Devices from $730.00 to $700.00 and set a "buy" rating on the stock in a research report on Wednesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $642.47.

Advanced Micro Devices Stock Up 1.3%

Shares of Advanced Micro Devices stock opened at $515.21 on Wednesday. The business has a fifty day simple moving average of $548.56 and a 200 day simple moving average of $417.58. The stock has a market cap of $844.99 billion, a PE ratio of 112.00, a price-to-earnings-growth ratio of 4.90 and a beta of 2.49. 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 12 month low of $188.22 and a 12 month high of $658.52.

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

Trending Headlines about Advanced Micro Devices

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

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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