Advanced Micro Devices, Inc. $AMD Stock: Allegiance Financial Group Advisory Services LLC Boosts Holdings

Key Points

• Allegiance Financial Group Advisory Services increased its AMD holdings 450.4% in the third quarter, to 2,488 shares valued at about $1.52 million. Other institutional investors also added shares; institutions collectively own 71.34% of AMD.
• AMD reported quarterly revenue of $13.38 billion, up 44.7% year over year, and EPS of $2.09, beating analyst estimates. Management forecast accelerating growth, with revenue expected to rise more than 80% in 2027, supported by AI and data-center demand.
• Insiders sold 231,100 shares worth about $114.9 million over the past three months. While analysts’ consensus rating is “Moderate Buy,” some caution that AMD’s high valuation and competition leave its shares vulnerable if AI growth expectations weaken.

Allegiance Financial Group Advisory Services LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 450.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,488 shares of the semiconductor manufacturer's stock after acquiring an additional 2,036 shares during the quarter. Allegiance Financial Group Advisory Services LLC's holdings in Advanced Micro Devices were worth $1,522,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMD. Southpoint Capital Advisors LP lifted its holdings in shares of Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock worth $183,087,000 after acquiring an additional 300,000 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock worth $1,045,954,000 after acquiring an additional 291,165 shares during the period. Ferguson Wellman Capital Management Inc. increased its stake in shares of Advanced Micro Devices by 6,968.7% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock worth $85,995,000 after acquiring an additional 138,328 shares during the last quarter. Douglas Lane & Associates LLC grew its holdings in Advanced Micro Devices by 2,748.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer's stock valued at $52,582,000 after buying an additional 82,934 shares during the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. raised its stake in shares of Advanced Micro Devices by 1,288.6% in the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer's stock valued at $127,899,000 after acquiring an additional 204,315 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the transaction, the executive vice president owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. This trade represents a 4.66% 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 have sold a total of 231,100 shares of company stock valued at $114,867,400 in the last three months. Insiders own 0.50% of the company's stock.

Trending Headlines about 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

Advanced Micro Devices Stock Up 11.0%

AMD stock opened at $449.04 on Friday. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52. The stock has a market capitalization of $733.04 billion, a P/E ratio of 98.08, a PEG ratio of 4.79 and a beta of 2.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The company has a 50 day moving average price of $546.81 and a two-hundred day moving average price of $414.98.

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 for the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. Advanced Micro Devices'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 business posted $1.20 earnings per share. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.57 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Cowen reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research report on Monday, October 19th. The Goldman Sachs Group restated a "buy" rating and issued a $675.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Weiss Ratings lowered Advanced Micro Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. Wells Fargo & Company lowered their price target on Advanced Micro Devices from $700.00 to $650.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus boosted their price objective on Advanced Micro Devices from $700.00 to $725.00 and gave the company a "buy" rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $643.69.

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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