3,612 Advanced Micro Devices, Inc. $AMD Shares Acquired by Integrity Alliance LLC.

Integrity Alliance LLC. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,181 shares of the semiconductor manufacturer’s stock after buying an additional 3,612 shares during the period. Integrity Alliance LLC.’s holdings in Advanced Micro Devices were worth $10,511,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. lifted 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 worth $87,311,650,000 after acquiring an additional 4,535,126 shares during the last quarter. State Street Corp increased its position in shares of Advanced Micro Devices by 2.9% in 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 purchasing 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 in the 2nd quarter valued at $7,022,226,000. Jennison Associates LLC raised its holdings in shares of Advanced Micro Devices by 5.8% in 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 purchasing an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings 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 purchasing an additional 2,365,419 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the completion of the sale, the executive vice president directly owned 117,687 shares in the company, valued at approximately $60,598,213.17. This trade represents a 11.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the sale, the executive vice president owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 231,100 shares of company stock valued at $114,867,400 in the last ninety days. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wedbush restated an “outperform” rating and set a $600.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, October 20th. William Blair restated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Truist Financial raised their target price on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Citigroup lifted their price objective on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $608.78.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD reported record Q3 revenue of $13.38 billion and earnings of $2.09 per share, beating analyst estimates. Data-center revenue rose 97% year over year to $8.55 billion, driven by sales of Instinct GPUs and EPYC processors. CNBC earnings report
• Positive Sentiment: The company forecast roughly $17 billion in Q4 revenue, above expectations, implying a sharp sequential increase and about 66% year-over-year growth. The guidance reinforced confidence that AI-chip demand and data-center expansion are accelerating. Reuters outlook coverage
• Neutral Sentiment: Management described the quarter as the company’s largest and most profitable, while coverage also noted mixed performance outside data center, including in gaming, client and embedded businesses. Yahoo Finance interview
• Negative Sentiment: Investors may remain alert to the cost of scaling AI growth: commentary flagged a roughly $3 billion inventory build and sharply weaker free cash flow. AMD’s high valuation also leaves the stock vulnerable if future growth fails to meet elevated expectations. Barchart analysis

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $483.90 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. 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 $789.95 billion, a PE ratio of 124.40, a price-to-earnings-growth ratio of 4.79 and a beta of 2.49. The firm’s fifty day simple moving average is $548.70 and its 200-day simple moving average is $411.73.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter last year, the firm posted $1.20 EPS. The business’s revenue was up 44.7% compared to the same quarter last year. Analysts expect that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current fiscal year.

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.