Advanced Micro Devices, Inc. $AMD Shares Sold by Elevated Capital Advisors LLC

Key Points

• Elevated Capital Advisors cut its AMD stake by 42.2% in the third quarter, selling 1,851 shares and retaining 2,535 shares valued at about $1.55 million. Institutional investors collectively own 71.34% of the company.
• AMD beat quarterly expectations, reporting EPS of $2.09 versus estimates of $1.95 and revenue of $13.38 billion versus $13.10 billion; revenue rose 44.7% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $642.47. Insiders sold 230,957 shares worth about $114.8 million during the quarter, with the cited executive sales made under pre-arranged trading plans.

Elevated Capital Advisors LLC reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 42.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,535 shares of the semiconductor manufacturer's stock after selling 1,851 shares during the period. Elevated Capital Advisors LLC's holdings in Advanced Micro Devices were worth $1,551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. DecisionPoint Financial LLC grew its stake in Advanced Micro Devices by 79.2% in the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 19 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Advanced Micro Devices in the 3rd quarter worth $29,000. JNBA Financial Advisors raised its position in Advanced Micro Devices by 142.9% during the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 30 shares during the period. Downshift Financial LLC raised 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 worth $35,000 after acquiring an additional 51 shares during the period. Finally, Sawyer & Company Inc acquired a new position in Advanced Micro Devices during the third quarter worth $37,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of the 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 completion of the sale, the executive vice president owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the sale, the executive vice president owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their position. 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 quarter, insiders sold 230,957 shares of company stock valued at $114,799,511. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Trading Up 1.3%

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

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 (EPS) 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 for the quarter was up 44.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Research analysts expect that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AMD shares. Wolfe Research reaffirmed an "outperform" rating and set a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Rosenblatt Securities restated a "buy" rating and set a $700.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. JPMorgan Chase & Co. raised their price target on shares of Advanced Micro Devices from $550.00 to $575.00 and gave the company a "neutral" rating in a research note on Wednesday, November 4th. Susquehanna lifted their price objective on Advanced Micro Devices from $620.00 to $650.00 and gave the stock a "positive" rating in a report on Wednesday, October 28th. Finally, DA Davidson boosted their price objective on Advanced Micro Devices from $550.00 to $600.00 and gave the stock a "buy" rating 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 given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $642.47.

Advanced Micro Devices News Summary

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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