Advanced Micro Devices, Inc. $AMD Stock Acquired by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its AMD stake by 10.7% in the third quarter, adding 87,651 shares to hold 904,635 shares valued at about $557 million.
• AMD reported quarterly revenue of $13.38 billion, up 44.7% year over year, and EPS of $2.09, beating analyst estimates; the article also cites strong AI and data-center growth expectations.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $643.69, though some caution that AMD’s high valuation and competition could leave shares vulnerable.

Allspring Global Investments Holdings LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 904,635 shares of the semiconductor manufacturer's stock after purchasing an additional 87,651 shares during the quarter. Advanced Micro Devices makes up 0.9% of Allspring Global Investments Holdings LLC's investment portfolio, making the stock its 12th largest position. Allspring Global Investments Holdings LLC owned about 0.06% of Advanced Micro Devices worth $557,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. DecisionPoint Financial LLC grew its position in Advanced Micro Devices by 79.2% during the third quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 19 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Advanced Micro Devices during the third quarter worth about $29,000. JNBA Financial Advisors increased its position 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 purchasing an additional 30 shares during the last quarter. Graney & King LLC bought a new position in shares of Advanced Micro Devices in the first quarter worth approximately $31,000. Finally, Main Street Group LTD bought a new position in shares of Advanced Micro Devices in the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $449.04 on Monday. 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 business's 50 day moving average price is $546.81 and its 200-day moving average price is $414.98. The firm has a market cap of $736.47 billion, a P/E ratio of 97.62, a P/E/G ratio of 4.54 and a beta of 2.49. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping 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 business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. During the same period in the prior year, the business earned $1.20 EPS. The company's revenue for the quarter was up 44.7% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.59 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Paul Grasby sold 15,000 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were 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 directly owned 117,687 shares in the company, valued at $60,598,213.17. This trade represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a 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, CEO Lisa Su sold 70,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the sale, the chief executive officer directly owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. The trade was a 2.26% 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 sold 231,100 shares of company stock valued at $114,867,400 over the last quarter. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Benchmark raised their target price on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Sanford C. Bernstein reissued an "outperform" rating on shares of Advanced Micro Devices in a research note on Wednesday. Citigroup increased their price target on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the stock a "buy" rating in a report on Tuesday, October 6th. Weiss Ratings lowered shares of Advanced Micro Devices from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. Finally, Truist Financial raised their price objective on shares of Advanced Micro Devices from $594.00 to $605.00 and gave the company a "buy" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $643.69.

Key Headlines Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
• Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
• Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
• Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
• Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.