Advanced Micro Devices, Inc. $AMD Shares Sold by Bahl & Gaynor LLC

Key Points

• Bahl & Gaynor cut its AMD stake by 3.0% in the third quarter, selling 2,299 shares and retaining 75,381 shares valued at about $46.1 million.
• AMD’s latest quarter beat estimates, with EPS of $2.09 versus $1.95 expected and revenue of $13.38 billion, up 44.7% year over year; data-center sales reportedly rose 97%.
• Analyst sentiment is broadly positive, with a MarketBeat average rating of “Moderate Buy” and a $642.47 average price target, though declining free cash flow, rising inventory, and a high valuation are cited as risks.

Bahl & Gaynor LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 75,381 shares of the semiconductor manufacturer's stock after selling 2,299 shares during the quarter. Bahl & Gaynor LLC's holdings in Advanced Micro Devices were worth $46,115,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. DecisionPoint Financial LLC boosted its holdings 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 worth $26,000 after buying an additional 19 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in Advanced Micro Devices in the 3rd quarter worth $29,000. JNBA Financial Advisors boosted its holdings in 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 acquiring an additional 30 shares during the period. Downshift Financial LLC grew its position in shares of Advanced Micro Devices by 850.0% in the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock valued at $35,000 after purchasing an additional 51 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at about $37,000. Institutional investors own 71.34% of the company's stock.

Key Advanced Micro Devices News

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 Price Performance

Shares of AMD stock opened at $515.21 on Wednesday. The stock's fifty day simple moving average is $548.56 and its 200 day simple moving average is $417.58. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52. The firm has a market cap of $844.99 billion, a price-to-earnings ratio of 112.00, a P/E/G ratio of 4.90 and a beta of 2.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.93.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. The firm had revenue of $13.38 billion during 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 business's revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a 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, 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 value of $35,476,000.00. Following the sale, the chief executive officer owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. This trade represents a 2.26% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 230,957 shares of company stock valued at $114,799,511. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $675.00 price objective on Advanced Micro Devices in a research note on Wednesday, November 4th. Jefferies Financial Group reiterated a "buy" rating on shares of Advanced Micro Devices in a report on Thursday, October 29th. JPMorgan Chase & Co. upped their price target on Advanced Micro Devices from $550.00 to $575.00 and gave the stock a "neutral" rating in a report on Wednesday, November 4th. HSBC reaffirmed a "hold" rating and set a $540.00 target price on shares of Advanced Micro Devices in a research report on Thursday, November 5th. Finally, UBS Group cut their target price on shares of Advanced Micro Devices from $730.00 to $700.00 and set a "buy" rating for the company in a research note on Wednesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $642.47.

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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