Advanced Micro Devices, Inc. $AMD Position Lifted by Candriam S.C.A.

Candriam S.C.A. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 684,015 shares of the semiconductor manufacturer’s stock after purchasing an additional 25,856 shares during the period. Advanced Micro Devices makes up about 1.9% of Candriam S.C.A.’s investment portfolio, making the stock its 9th biggest holding. Candriam S.C.A.’s holdings in Advanced Micro Devices were worth $419,982,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $7,022,226,000. BlackRock Inc. raised its stake 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 worth $87,311,650,000 after buying an additional 4,535,126 shares during the period. Jupiter Topco LLC acquired a new stake in Advanced Micro Devices during the 2nd quarter worth $2,084,651,000. Wellington Management Group LLP raised its stake in Advanced Micro Devices by 33.9% during the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after buying an additional 2,365,419 shares during the period. Finally, State Street Corp lifted its holdings in Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after acquiring an additional 2,149,563 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Norrod sold 17,262 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the transaction, the executive vice president directly owned 353,317 shares of the company’s stock, valued at $191,038,501.90. This represents a 4.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the transaction, the executive vice president directly owned 160,979 shares of the company’s stock, valued at $76,316,924.32. This represents 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. Over the last three months, insiders have sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Up 11.0%

Shares of NASDAQ:AMD opened at $449.04 on Friday. The firm has a market cap of $736.46 billion, a price-to-earnings ratio of 97.62, a PEG ratio of 4.56 and a beta of 2.49. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The company’s fifty day simple moving average is $546.81 and its 200 day simple moving average is $414.98. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.10.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The company’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 EPS. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 6.59 EPS for the current fiscal year.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
• Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
• Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
• Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
• Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial boosted their target price on Advanced Micro Devices from $594.00 to $605.00 and gave the company a “buy” rating in a research note on Wednesday. Mizuho lowered their price target on Advanced Micro Devices from $705.00 to $610.00 and set an “outperform” rating for the company in a report on Wednesday. UBS Group dropped their price target on Advanced Micro Devices from $730.00 to $700.00 and set a “buy” rating on the stock in a research report on Wednesday. Melius Research set a $650.00 price objective on Advanced Micro Devices in a report on Wednesday. Finally, DA Davidson lifted their price objective on Advanced Micro Devices from $550.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $643.69.

Advanced Micro Devices 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.