197,348 Shares of Advanced Micro Devices, Inc. $AMD Bought by Vestor Capital LLC

Vestor Capital LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 197,348 shares of the semiconductor manufacturer’s stock, valued at approximately $120,730,000. Advanced Micro Devices accounts for about 3.4% of Vestor Capital LLC’s investment portfolio, making the stock its 6th biggest holding.

Several other hedge funds have also recently bought and sold shares of AMD. DecisionPoint Financial LLC raised its holdings in shares of Advanced Micro Devices by 79.2% during the third quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 19 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in Advanced Micro Devices in the 3rd quarter valued at $29,000. JNBA Financial Advisors lifted its position in Advanced Micro Devices by 142.9% in 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 in the last quarter. Graney & King LLC acquired a new position in Advanced Micro Devices in the 1st quarter worth $31,000. Finally, Main Street Group LTD acquired a new position in Advanced Micro Devices in the 1st quarter worth $33,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AMD shares. William Blair reiterated a “market perform” rating on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Susquehanna lifted their target price on Advanced Micro Devices from $620.00 to $650.00 and gave the company a “positive” rating in a research report on Wednesday, October 28th. BMO Capital Markets initiated coverage on Advanced Micro Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price on the stock. DA Davidson upped their price target on Advanced Micro Devices from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Finally, Argus raised their price target on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $642.47.

More Advanced Micro Devices News

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

• Positive Sentiment: Google Cloud is using AMD’s 5th Gen EPYC processors for host infrastructure supporting its TPU 8tx system. The deal expands AMD’s role in large-scale AI infrastructure, although it is a CPU infrastructure win rather than a selection of AMD’s AI accelerators. AMD announcement on Google Cloud
• Positive Sentiment: Oppenheimer upgraded AMD to Outperform and set a $600 price target, citing accelerating sales and forecasting 135% data-center revenue growth next year. The call helped bolster confidence in AMD’s AI growth outlook. CNBC report on Oppenheimer upgrade
• Positive Sentiment: Recent quarterly results provided additional support: revenue rose 45% year over year, with data-center revenue up 97%, and management expects revenue growth to accelerate. A broader technology-sector rally also helped lift sentiment. Quarterly results and outlook
• Neutral Sentiment: AMD also benefited as investors looked for alternatives amid pressure on Nvidia, though analysts noted that chipmakers could face increased scrutiny of sales practices. MarketWatch analysis
• Negative Sentiment: A reported Radeon GPU bug affecting SSD lifespan is a product concern, although it did not prevent the rally. Commentary also flagged elevated valuation and rising inventory as risks to sustaining gains. TipRanks report on Radeon GPU bug

Insider Activity at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,993 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total value of $1,462,649.17. Following the completion of the sale, the senior vice president owned 26,623 shares of the company’s stock, valued at approximately $13,010,393.87. This represents a 10.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the firm’s stock in a transaction 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 transaction, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 230,957 shares of company stock worth $114,799,511. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $508.58 on Tuesday. 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 stock’s 50-day simple moving average is $547.67 and its 200 day simple moving average is $416.28. The company has a market cap of $830.24 billion, a P/E ratio of 110.56, a P/E/G ratio of 5.01 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) last posted its quarterly earnings results 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 firm had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The business’s revenue was up 44.7% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.59 EPS for the current fiscal year.

About Advanced Micro Devices

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.