Advanced Micro Devices, Inc. $AMD Stock: PBU The Pension Fund of Early Childhood & Youth Educators Boosts Position

PBU The Pension Fund of Early Childhood & Youth Educators increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,344 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,429 shares during the period. Advanced Micro Devices makes up approximately 2.0% of PBU The Pension Fund of Early Childhood & Youth Educators’ portfolio, making the stock its 9th biggest holding. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Advanced Micro Devices were worth $84,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Southpoint Capital Advisors LP increased its stake in Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock valued at $183,087,000 after purchasing an additional 300,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock worth $1,045,954,000 after purchasing an additional 291,165 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in Advanced Micro Devices by 6,968.7% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock worth $85,995,000 after purchasing an additional 138,328 shares during the last quarter. Douglas Lane & Associates LLC raised its holdings in Advanced Micro Devices by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer’s stock worth $52,582,000 after purchasing an additional 82,934 shares during the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. boosted its position in Advanced Micro Devices by 1,288.6% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer’s stock worth $127,899,000 after purchasing an additional 204,315 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,262 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the transaction, the executive vice president directly owned 353,317 shares in the company, valued at approximately $191,038,501.90. This represents a 4.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 70,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the sale, the chief executive officer directly owned 3,032,156 shares in the company, valued at $1,536,696,660.80. This represents a 2.26% 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. Insiders have sold a total of 223,588 shares of company stock worth $111,208,302 in the last ninety days. 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: Bank of America raised its price target to $700 from $650 and maintained a Buy rating, citing AMD’s roadmap; William Blair also upgraded the stock to Outperform. Bank of America revises AMD target
• Positive Sentiment: Reports of Nvidia CEO Jensen Huang’s resignation and the ensuing uncertainty prompted investors to rotate toward rival chipmakers, potentially giving AMD an opportunity to capture market share. Nvidia turmoil and AMD
• Negative Sentiment: Valuation remains a risk after the rally, while potential export-control burdens and industry cost pressures could weigh on margins and cash flow. Industry risks amid Nvidia transition

Analysts Set New Price Targets

AMD has been the topic of several research reports. Piper Sandler lowered Advanced Micro Devices from an “overweight” rating to a “neutral” rating in a report on Thursday. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Melius Research set a $650.00 price target on Advanced Micro Devices in a research note on Wednesday, November 4th. Barclays started coverage on shares of Advanced Micro Devices in a research report on Thursday. They issued an “overweight” rating on the stock. Finally, Weiss Ratings cut shares of Advanced Micro Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $640.11.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $585.30 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The stock has a market cap of $959.94 billion, a price-to-earnings ratio of 127.24, a price-to-earnings-growth ratio of 5.32 and a beta of 2.49. The business has a fifty day moving average of $552.99 and a 200-day moving average of $420.72. The company has a quick ratio of 1.93, a current ratio of 2.72 and a debt-to-equity ratio of 0.10.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates 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 for the quarter was up 44.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. As a group, analysts predict that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

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.