Advanced Micro Devices, Inc. $AMD Stock Bought by Alta Advisers Ltd

Key Points

• Alta Advisers increased its AMD stake by 83.4% in the third quarter, buying 5,334 shares to hold 11,726 shares valued at about $7.17 million.
• Several other institutional investors also expanded their positions; institutional investors collectively own 71.34% of AMD’s shares.
• AMD reported quarterly earnings of $2.09 per share, above estimates, while revenue rose 44.7% year over year to $13.38 billion.

Alta Advisers Ltd raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 83.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,726 shares of the semiconductor manufacturer's stock after purchasing an additional 5,334 shares during the period. Advanced Micro Devices accounts for about 1.0% of Alta Advisers Ltd's holdings, making the stock its 16th largest holding. Alta Advisers Ltd's holdings in Advanced Micro Devices were worth $7,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Southpoint Capital Advisors LP boosted its stake in 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 purchasing an additional 300,000 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Advanced Micro Devices by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock valued at $1,045,954,000 after purchasing an additional 291,165 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its position in Advanced Micro Devices by 6,968.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock valued at $85,995,000 after purchasing an additional 138,328 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in Advanced Micro Devices by 2,748.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer's stock valued at $52,582,000 after purchasing an additional 82,934 shares in the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. increased its stake in Advanced Micro Devices by 1,288.6% during the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer's stock valued at $127,899,000 after purchasing an additional 204,315 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $404.40 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.91. 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 capitalization of $660.17 billion, a P/E ratio of 87.91, a PEG ratio of 5.01 and a beta of 2.49. The business has a fifty day moving average of $547.37 and a 200 day moving average of $413.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The company had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. Advanced Micro Devices's revenue was up 44.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD reported record third-quarter revenue, up about 45% year over year, with data-center revenue nearly doubling. Management expects fourth-quarter revenue of roughly $17 billion and has forecast revenue growth above 80% in 2027, reinforcing the potential for AI and data-center demand to drive further gains. Article: Is AMD Stock a Buy as AI Revenue Soars?
• Positive Sentiment: CEO Lisa Su pushed back against concerns about AI spending, arguing that the market is taking a short-term view and reaffirming her confidence in sustained demand for computing power. Article: AMD CEO Lisa Su Calls This Market Moment ‘Short-Sighted’ on AI Spending
• Neutral Sentiment: Some analysts raised their price targets after the results, including DZ Bank to $620 and HSBC to $540; HSBC nevertheless kept a Hold rating, reflecting continued debate over how much growth is already reflected in AMD’s valuation. Article: DZ Bank Adjusts Price Target on Advanced Micro Devices to $620
• Negative Sentiment: The main near-term pressure was a broad chip-sector sell-off following Democratic midterm gains. Investors fear potential AI-industry regulation or slower data-center expansion, and concern about local resistance to data centers added to worries over future AI spending. The sector weakness weighed on AMD despite its earnings beat. Article: Why AMD Stock Is Down Today
• Negative Sentiment: Investors are also questioning AMD’s premium valuation and demanding evidence that its AI products and partnerships will translate into durable profits. Ark Invest’s reported sale of AMD shares in favor of Nvidia added to the competitive and valuation concerns. Article: Cathie Wood Just Sold AMD Stock and Bought This AI Chip Stock Instead

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the transaction, the executive vice president owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 70,000 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the transaction, the chief executive officer owned 3,032,156 shares of the company's stock, 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. Over the last three months, insiders have sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on AMD shares. KeyCorp reaffirmed an "overweight" rating and issued a $725.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Robert W. Baird set a $1,250.00 price target on Advanced Micro Devices in a research note on Friday, July 24th. Union Gaming Research reaffirmed a "positive" rating on shares of Advanced Micro Devices in a report on Wednesday. Melius Research set a $650.00 price target on Advanced Micro Devices in a report on Wednesday. Finally, William Blair reaffirmed a "market perform" rating on shares of Advanced Micro Devices in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $633.17.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.

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