Machina Capital S.A.S. Sells 6,261 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Machina Capital cut its AMD stake by 93.2% in the third quarter, selling 6,261 shares and ending the period with 455 shares valued at about $278,000.
• AMD reported quarterly earnings of $2.09 per share and revenue of $13.38 billion, beating estimates; revenue grew 44.7% year over year.
• AMD shares fell 8.8% in Friday trading to $534.06. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $640.11.

Machina Capital S.A.S. decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 93.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 455 shares of the semiconductor manufacturer's stock after selling 6,261 shares during the quarter. Machina Capital S.A.S.'s holdings in Advanced Micro Devices were worth $278,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its stake in Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after purchasing an additional 4,535,126 shares in the last quarter. State Street Corp lifted its holdings in shares of Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock valued at $46,606,266,000 after buying an additional 2,149,563 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at about $7,022,226,000. Jennison Associates LLC lifted its holdings in shares of Advanced Micro Devices by 5.8% during the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock valued at $5,793,388,000 after buying an additional 545,575 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Advanced Micro Devices by 33.9% in the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock valued at $5,422,444,000 after buying an additional 2,365,419 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 8.8%

Shares of NASDAQ AMD traded down $51.24 during mid-day trading on Friday, reaching $534.06. 49,061,909 shares of the company traded hands, compared to its average volume of 33,352,236. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72. The stock has a market cap of $875.90 billion, a PE ratio of 116.10, a price-to-earnings-growth ratio of 5.63 and a beta of 2.49. The company's fifty day moving average is $554.55 and its two-hundred day moving average is $422.13. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued 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. 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 for the quarter, compared to the consensus estimate of $13.10 billion. During the same period last year, the business earned $1.20 EPS. The firm's revenue was up 44.7% compared to the same quarter last year. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Lisa Su sold 25,000 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the completion of the sale, the chief executive officer directly owned 74,211 shares in the company, valued at approximately $37,609,392.69. The trade was a 25.20% 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 Forrest Norrod sold 17,262 shares of the company's stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the sale, the executive vice president directly owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. This represents a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 232,588 shares of company stock valued at $116,292,222 in the last three months. Company insiders own 0.50% of the company's stock.

Trending Headlines about Advanced Micro Devices

Here are a few of the latest headlines about AMD:

• Positive Sentiment: Google’s selection of AMD EPYC processors for infrastructure supporting its next-generation TPU chips strengthens AMD’s role in hyperscaler AI systems and could support data-center growth. How to Play AMD Stock as Google Picks EPYC for Its Next-Gen TPUs
• Negative Sentiment: Chip stocks sold off as investors reassessed whether Nvidia’s turmoil would benefit competitors or signal wider risks to the AI trade. AMD’s decline also reflected profit-taking after a sharp rally; its elevated valuation may make the stock more vulnerable to sentiment shifts. AMD and other chip stocks slide as Wall Street rethinks the AI trade
• Neutral Sentiment: Director Nora Denzel disclosed a sale of 9,000 AMD shares. The transaction is a modest insider sale and does not by itself establish a change in the company’s outlook. SEC filing

Analyst Ratings Changes

A number of equities analysts recently commented on AMD shares. Robert W. Baird set a $1,250.00 price objective on Advanced Micro Devices in a report on Friday, July 24th. Wedbush reaffirmed an "outperform" rating and set a $600.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. CLSA reiterated an "outperform" rating and issued a $710.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. BTIG Research started coverage on shares of Advanced Micro Devices in a research report on Thursday. They issued a "buy" rating for the company. Finally, Union Gaming Research restated a "positive" rating on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $640.11.

Advanced Micro Devices Company 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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.