Advanced Micro Devices, Inc. $AMD Stock Position Boosted by Leuthold Group LLC

Leuthold Group LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,344 shares of the semiconductor manufacturer's stock after acquiring an additional 2,799 shares during the quarter. Advanced Micro Devices makes up about 1.2% of Leuthold Group LLC's portfolio, making the stock its 14th largest holding. Leuthold Group LLC's holdings in Advanced Micro Devices were worth $13,057,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. DecisionPoint Financial LLC grew its stake in shares of Advanced Micro Devices by 79.2% in the third quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 19 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Advanced Micro Devices during the 3rd quarter worth about $29,000. JNBA Financial Advisors lifted its holdings in Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after buying an additional 30 shares during the period. Graney & King LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $31,000. Finally, Main Street Group LTD bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $33,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

AMD stock opened at $508.58 on Tuesday. The firm has a market cap of $830.24 billion, a PE ratio of 110.56, a price-to-earnings-growth ratio of 5.01 and a beta of 2.49. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $547.67 and a 200-day moving average price of $416.28. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $13.10 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The firm's revenue for the quarter was up 44.7% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America decreased their price target on Advanced Micro Devices from $720.00 to $650.00 and set a "buy" rating for the company in a research note on Wednesday, November 4th. Wolfe Research reiterated an "outperform" rating and issued a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Citigroup increased their target price on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the company a "buy" rating in a research report on Tuesday, October 6th. Truist Financial raised their price target on shares of Advanced Micro Devices from $594.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday, November 4th. Finally, DA Davidson boosted their price target on shares of Advanced Micro Devices from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Wednesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $642.47.

Key Advanced Micro Devices News

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

• Positive Sentiment: Google Cloud is using AMD’s 5th Gen EPYC processors for host infrastructure supporting its TPU 8tx system. The deal expands AMD’s role in large-scale AI infrastructure, although it is a CPU infrastructure win rather than a selection of AMD’s AI accelerators. AMD announcement on Google Cloud
• Positive Sentiment: Oppenheimer upgraded AMD to Outperform and set a $600 price target, citing accelerating sales and forecasting 135% data-center revenue growth next year. The call helped bolster confidence in AMD’s AI growth outlook. CNBC report on Oppenheimer upgrade
• Positive Sentiment: Recent quarterly results provided additional support: revenue rose 45% year over year, with data-center revenue up 97%, and management expects revenue growth to accelerate. A broader technology-sector rally also helped lift sentiment. Quarterly results and outlook
• Neutral Sentiment: AMD also benefited as investors looked for alternatives amid pressure on Nvidia, though analysts noted that chipmakers could face increased scrutiny of sales practices. MarketWatch analysis
• Negative Sentiment: A reported Radeon GPU bug affecting SSD lifespan is a product concern, although it did not prevent the rally. Commentary also flagged elevated valuation and rising inventory as risks to sustaining gains. TipRanks report on Radeon GPU bug

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa Su sold 70,000 shares of the business'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 value of $35,476,000.00. Following the transaction, the chief executive officer directly 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 sale was disclosed in a 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 Paul Grasby sold 15,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $514.91, for a total value of $7,723,650.00. Following the transaction, the executive vice president owned 117,687 shares in the company, valued at $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In 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 insiders.

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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