True Freedom Investing LLC Purchases 1,755 Shares of Advanced Micro Devices, Inc. $AMD

True Freedom Investing LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,755 shares of the semiconductor manufacturer’s stock, valued at approximately $1,074,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Woodmont Investment Counsel LLC grew its holdings in shares of Advanced Micro Devices by 88.2% in the third quarter. Woodmont Investment Counsel LLC now owns 2,640 shares of the semiconductor manufacturer’s stock valued at $1,615,000 after purchasing an additional 1,237 shares in the last quarter. Dala Group LLC increased its stake in Advanced Micro Devices by 21.8% during the 3rd quarter. Dala Group LLC now owns 817 shares of the semiconductor manufacturer’s stock worth $500,000 after buying an additional 146 shares during the period. Pinkerton Wealth LLC purchased a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $755,000. Virtue Capital Management LLC lifted its holdings in Advanced Micro Devices by 10.6% during the 3rd quarter. Virtue Capital Management LLC now owns 9,179 shares of the semiconductor manufacturer’s stock worth $5,615,000 after buying an additional 880 shares in the last quarter. Finally, Nippon Life Global Investors Americas Inc. lifted its holdings in Advanced Micro Devices by 0.7% during the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 124,040 shares of the semiconductor manufacturer’s stock worth $75,883,000 after buying an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Forrest Norrod sold 17,262 shares of the firm’s stock in a transaction on 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 sale, the executive vice president directly owned 353,317 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This trade represents a 8.52% 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. In the last three months, insiders sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $504.80 on Monday. The company’s 50 day moving average price is $548.29 and its 200 day moving average price is $409.20. The firm has a market capitalization of $824.07 billion, a price-to-earnings ratio of 129.77, a PEG ratio of 5.18 and a beta of 2.45. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $11.31 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was up 50.1% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on AMD. Raymond James Financial raised shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $565.00 to $641.00 in a research report on Tuesday, August 25th. Benchmark upped their price objective on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $540.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Morgan Stanley increased their price objective on Advanced Micro Devices from $410.00 to $465.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $607.57.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD is viewed by some analysts as a buy ahead of earnings, with expectations for continued growth in data-center and AI-related products. A strong report or upbeat outlook could help restore confidence after the recent pullback. AMD, ANET, DDOG: 3 Tech Stocks to Buy Ahead of Earnings, According to Analysts
• Positive Sentiment: Institutional positioning provides a bullish signal: Tiger Global reportedly opened a roughly $392 million AMD position in the second quarter. Although ARK Invest reduced its AMD stake by 48%, the chipmaker remained one of ARK’s largest holdings. A $24 Billion Hedge Fund Bought Advanced Micro Devices. Cathie Wood Cut Her Stake 48%. Who’s Right?
• Positive Sentiment: AMD’s shares rebounded alongside Nvidia and Broadcom after Friday’s sector-wide decline, suggesting some investors are treating the sell-off as a buying opportunity ahead of major technology earnings.
• Neutral Sentiment: Tuesday’s results are a major near-term catalyst. Management commentary on AI infrastructure demand, customer spending and memory costs could determine whether the broader AI-chip trade recovers or remains under pressure. AMD, Arista, Supermicro Earnings Previews: Can AI Infrastructure Shake Off Friday’s Rout?
• Negative Sentiment: Intel’s weaker outlook, attributed partly to declining PC shipments, has raised concerns that AMD could also face softness in its PC business. Investors are also questioning AMD’s roughly 130 price-to-earnings ratio and whether AI-related growth already reflects overly optimistic expectations. Intel Has a Massive Warning for AMD Stock Investors

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.