Nykredit A S Buys New Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Nykredit A S acquired 645,037 AMD shares worth approximately $384.2 million in the second quarter, making AMD its 11th-largest portfolio holding at 1.2%. Institutional investors collectively own 71.34% of AMD.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $565.12; several firms recently raised targets as high as $700.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and EPS of $1.66, exceeding expectations. However, insiders have sold more than $105.5 million of stock over the past 90 days, while AMD trades at a demanding valuation.

Nykredit A S purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 645,037 shares of the semiconductor manufacturer's stock, valued at approximately $384,226,000. Advanced Micro Devices accounts for approximately 1.2% of Nykredit A S's investment portfolio, making the stock its 11th largest position.

A number of other institutional investors have also recently bought and sold shares of AMD. Norges Bank acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $4,929,312,000. Bank of America Corp DE bought a new stake in Advanced Micro Devices in the 2nd quarter valued at $7,022,226,000. Cardano Risk Management B.V. acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $1,000,783,000. BlackRock Inc. lifted its holdings in Advanced Micro Devices by 3.1% during the 2nd 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 during the last quarter. Finally, Franklin Resources Inc. boosted its position in Advanced Micro Devices by 340.1% during the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock worth $1,016,796,000 after purchasing an additional 3,669,054 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group reiterated an "overweight" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Rosenblatt Securities raised their target price on shares of Advanced Micro Devices from $665.00 to $700.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Raymond James Financial raised shares of Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and lifted their target price for the stock from $565.00 to $641.00 in a report on Tuesday, August 25th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $700.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $540.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $565.12.

Insiders Place Their Bets

In other news, EVP Forrest Norrod sold 17,261 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the transaction, the executive vice president directly owned 363,317 shares of the company's stock, valued at approximately $182,766,616.85. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the sale, the executive vice president owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. The trade was a 2.23% 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. Over the last ninety days, insiders have sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Up 6.4%

AMD stock opened at $545.09 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $149.85 and a fifty-two week high of $584.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The stock has a market capitalization of $889.84 billion, a price-to-earnings ratio of 140.13, a PEG ratio of 5.31 and a beta of 2.48. The business's fifty day moving average price is $494.21 and its two-hundred day moving average price is $413.93.

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

More Advanced Micro Devices News

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

• Positive Sentiment: Reports that AMD and other chipmakers may raise GPU and CPU prices by roughly 10% have fueled expectations for stronger pricing power and expanded margins. AMD Stock Soars 5% on Reports of GPU and CPU Price Increases
• Positive Sentiment: AMD is participating in a broad semiconductor rebound, with investors again emphasizing resilient AI-infrastructure spending and demand for data-center CPUs and GPUs. The move has also lifted technology-focused ETFs, including QQQ, where AMD is a significant holding. AMD Jumps as Semiconductor Rebound Continues
• Positive Sentiment: AMD is expanding support for SiFive’s RISC-V data-center servers through its open-source ROCm AI software. The effort could broaden ROCm’s hardware ecosystem and support more open alternatives for AI computing. AMD Expands ROCm Support to RISC-V Datacenter Servers
• Positive Sentiment: Micron said AMD is validating its new high-density 512GB DDR5 server memory module, highlighting AMD’s involvement in next-generation, memory-intensive server platforms. Micron’s New 512GB Memory Module Deepens Its AI Infrastructure Advantage
• Neutral Sentiment: Analyst commentary remains broadly constructive, with cited AMD price targets generally above recent trading levels. However, the stock’s valuation is demanding, making continued execution and AI product ramps important.
• Negative Sentiment: Executive Vice President Forrest Norrod sold 17,261 shares for approximately $8.7 million under a pre-arranged Rule 10b5-1 plan. The sale reduces his ownership by 4.54%, while broader reports show extensive AMD insider selling and no reported insider purchases during the past six months. SEC Form 4 Filing

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.

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