CoreCap Advisors LLC Acquires 3,531 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• CoreCap Advisors increased its AMD stake by 18% in the third quarter, acquiring 3,531 shares and bringing its holdings to 23,171 shares valued at approximately $14.3 million. Institutional investors collectively own 71.34% of AMD.
• AMD shares fell 3.9% to $620.68, despite reporting quarterly EPS and revenue above analyst expectations and 50.1% year-over-year revenue growth. The stock remains richly valued, with a P/E ratio of 159.56.
• Insiders have been selling shares: executives sold 213,838 shares worth about $105.5 million over the past three months. Analysts maintain a “Moderate Buy” consensus, with an average price target of $585.26.

CoreCap Advisors LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 18.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,171 shares of the semiconductor manufacturer's stock after purchasing an additional 3,531 shares during the period. CoreCap Advisors LLC's holdings in Advanced Micro Devices were worth $14,322,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Southpoint Capital Advisors LP raised its stake in Advanced Micro Devices by 50.0% during the first 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 during the period. Boomfish Wealth Group LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter worth $1,193,000. Dimensional Fund Advisors LP increased its holdings in shares of 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 worth $1,045,954,000 after buying an additional 291,165 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $100,834,000. Finally, Ferguson Wellman Capital Management Inc. raised its position in shares of Advanced Micro Devices by 6,968.7% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock worth $85,995,000 after buying an additional 138,328 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 3.9%

Shares of NASDAQ AMD traded down $25.18 on Thursday, hitting $620.68. The company had a trading volume of 23,402,461 shares, compared to its average volume of 32,602,393. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The firm has a market capitalization of $1.01 trillion, a P/E ratio of 159.56, a PEG ratio of 6.73 and a beta of 2.45. The business has a 50 day moving average of $523.60 and a two-hundred day moving average of $455.44.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company's revenue was up 50.1% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Jean X. Hu sold 15,000 shares of the firm's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the sale, the executive vice president directly owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% 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. Over the last three months, insiders have sold 213,838 shares of company stock valued at $105,533,836. 0.50% of the stock is currently owned by corporate insiders.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD’s data-center revenue reportedly increased 107% year over year to $6.7 billion, underscoring strong demand for its AI accelerators and server processors. Global AI infrastructure spending is also expected to remain substantial. AMD Stock: Drops Despite Record Revenue and Surging AI Data Center Demand
• Positive Sentiment: TSMC reported record quarterly revenue, up 50% year over year, signaling that demand for advanced chips used by AMD and other AI companies remains robust. Nvidia, AMD, Intel Stocks Despite Record AI Demand
• Positive Sentiment: CEO Lisa Su’s meetings with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. AMD CEO Says Continues to Explore Foundry Partnership With Samsung
• Positive Sentiment: Analysts remain constructive: BNP Paribas identified further upside from AMD’s CPU, AI accelerator and inference-chip opportunities, while Citi recently raised its price target. AMD Stock Isn’t Undervalued, but Wall Street May Be Underestimating a Key Opportunity
• Neutral Sentiment: AMD scheduled its third-quarter earnings report for November 3. Investors may remain cautious ahead of the release, which will provide an important test of AI demand, supply expansion and forward guidance. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher bond yields and oil prices are pressuring richly valued growth and AI stocks, prompting investors to rotate out of semiconductor names across the sector. Why Are Intel and AMD Stocks Plunging on Thursday?
• Negative Sentiment: AMD’s valuation leaves little room for execution setbacks after its sharp rally. Concerns include whether future AI commitments will translate into repeat deployments, cash flow and sustainable margins. AMD’s Valuation Is Starting to Ruffle Feathers on Wall Street
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases over the past six months, adding to investor caution even though such sales may reflect scheduled diversification.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 1st. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Rosenblatt Securities reiterated a "buy" rating and set a $700.00 target price on shares of Advanced Micro Devices in a report on Tuesday, September 29th. Morgan Stanley raised their price target on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. Finally, Wall Street Zen raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Sunday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $585.26.

Advanced Micro Devices Profile

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

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

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