International Assets Investment Management LLC Acquires 1,282 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• International Assets Investment Management increased its AMD stake by 4.1%, buying 1,282 shares in the third quarter to hold 32,779 shares worth about $20.2 million.
• AMD reported quarterly earnings of $2.09 per share and revenue of $13.38 billion, beating analyst estimates; revenue rose 44.7% year over year, with AI-chip demand supporting growth.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $643.69, though the article notes concerns about AMD’s premium valuation and potential competition and AI-sector volatility.

International Assets Investment Management LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,779 shares of the semiconductor manufacturer's stock after purchasing an additional 1,282 shares during the quarter. Advanced Micro Devices makes up approximately 0.3% of International Assets Investment Management LLC's holdings, making the stock its 18th largest holding. International Assets Investment Management LLC's holdings in Advanced Micro Devices were worth $20,183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMD. DecisionPoint Financial LLC increased 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 buying an additional 19 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Advanced Micro Devices during the 3rd quarter valued at $29,000. JNBA Financial Advisors boosted its stake in Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock valued at $30,000 after acquiring an additional 30 shares during the last quarter. Downshift Financial LLC boosted its stake in Advanced Micro Devices by 850.0% during the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock valued at $35,000 after acquiring an additional 51 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in Advanced Micro Devices during the 3rd quarter worth $37,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 11.0%

NASDAQ AMD 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 company has a 50-day simple moving average of $546.81 and a 200-day simple moving average of $414.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.91 and a current ratio of 2.72. The firm has a market capitalization of $736.46 billion, a PE ratio of 97.62, a price-to-earnings-growth ratio of 4.56 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The company's revenue for the quarter was up 44.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS. On average, equities analysts forecast 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 AMD shares. Susquehanna boosted their target price on shares of Advanced Micro Devices from $620.00 to $650.00 and gave the stock a "positive" rating in a research report on Wednesday, October 28th. Wedbush reaffirmed an "outperform" rating and set a $600.00 price target on shares of Advanced Micro Devices in a research report on Wednesday. TD Cowen reiterated a "buy" rating on shares of Advanced Micro Devices in a research note on Monday, October 19th. Melius Research set a $650.00 price objective on Advanced Micro Devices in a report on Wednesday. Finally, Truist Financial boosted their price objective on Advanced Micro Devices from $594.00 to $605.00 and gave the company a "buy" rating in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $643.69.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Norrod sold 17,262 shares of the firm's stock in a transaction that occurred 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 sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the sale, the executive vice president directly owned 160,979 shares in the company, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is owned by insiders.

Advanced Micro Devices News Summary

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 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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