Ethic Inc. Purchases 9,931 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Ethic Inc. increased its AMD stake by 5.7%, buying 9,931 shares in the third quarter to hold 182,801 shares valued at $111.83 million, its 11th-largest portfolio position.
• Several other investment firms also expanded their holdings; institutional investors own 71.34% of AMD.
• AMD reported quarterly revenue of $13.38 billion, up 44.7% year over year, and EPS of $2.09, topping estimates. Strong AI and data-center demand supports the growth outlook, though analysts have warned that AMD’s high valuation and competition could pose risks.

Ethic Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 182,801 shares of the semiconductor manufacturer's stock after purchasing an additional 9,931 shares during the period. Advanced Micro Devices makes up 1.2% of Ethic Inc.'s portfolio, making the stock its 11th largest holding. Ethic Inc.'s holdings in Advanced Micro Devices were worth $111,830,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AMD. Endowment Wealth Management Inc. grew its position in Advanced Micro Devices by 3.9% in the 3rd quarter. Endowment Wealth Management Inc. now owns 822 shares of the semiconductor manufacturer's stock valued at $503,000 after acquiring an additional 31 shares during the last quarter. StoneX Group Inc. increased its stake in Advanced Micro Devices by 26.3% in the third quarter. StoneX Group Inc. now owns 15,534 shares of the semiconductor manufacturer's stock worth $8,970,000 after purchasing an additional 3,233 shares during the period. Kornitzer Capital Management Inc. KS increased its stake in Advanced Micro Devices by 20.4% in the third quarter. Kornitzer Capital Management Inc. KS now owns 5,450 shares of the semiconductor manufacturer's stock worth $3,334,000 after purchasing an additional 925 shares during the period. Ethos Capital Management Inc. increased its stake in Advanced Micro Devices by 6.8% in the third quarter. Ethos Capital Management Inc. now owns 7,732 shares of the semiconductor manufacturer's stock worth $4,730,000 after purchasing an additional 489 shares during the period. Finally, Leelyn Smith LLC lifted its position in shares of Advanced Micro Devices by 13.6% during the third quarter. Leelyn Smith LLC now owns 11,743 shares of the semiconductor manufacturer's stock worth $7,184,000 after purchasing an additional 1,408 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

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

Insider Activity

In related news, EVP Mark D. Papermaster sold 28,811 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, EVP Paul Grasby sold 15,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president owned 117,687 shares in the company, valued at approximately $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 have sold 231,100 shares of company stock valued at $114,867,400. Company insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of recent analyst reports. Truist Financial boosted their target price on shares of Advanced Micro Devices from $594.00 to $605.00 and gave the company a "buy" rating in a research note on Wednesday. Roth Capital upped their price target on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Wells Fargo & Company reduced their price target on shares of Advanced Micro Devices from $700.00 to $650.00 and set an "overweight" rating on the stock in a research note on Wednesday. TD Cowen reiterated a "buy" rating on shares of Advanced Micro Devices in a report on Monday, October 19th. Finally, BMO Capital Markets started coverage on shares of Advanced Micro Devices in a research report on Thursday, August 20th. They issued an "outperform" rating and a $550.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $643.69.

Advanced Micro Devices Trading Up 11.0%

AMD opened at $449.04 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average is $546.81 and its two-hundred day moving average is $414.98. The company has a market capitalization of $736.46 billion, a P/E ratio of 97.62, a PEG ratio of 4.56 and a beta of 2.49. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping 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 business had revenue of $13.38 billion during the quarter, compared to analysts' expectations of $13.10 billion. During the same period in the prior year, the business earned $1.20 EPS. The business's revenue for the quarter was up 44.7% compared to the same quarter last year. Analysts forecast that Advanced Micro Devices, Inc. will post 6.59 earnings per share for the current year.

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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