Advanced Micro Devices, Inc. $AMD Stock: Brighton Jones LLC Grows Stake

Brighton Jones LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 29.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,035 shares of the semiconductor manufacturer’s stock after buying an additional 14,160 shares during the quarter. Advanced Micro Devices makes up approximately 0.7% of Brighton Jones LLC’s portfolio, making the stock its 25th biggest position. Brighton Jones LLC’s holdings in Advanced Micro Devices were worth $37,950,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Candriam S.C.A. boosted its position in Advanced Micro Devices by 3.9% during the third quarter. Candriam S.C.A. now owns 684,015 shares of the semiconductor manufacturer’s stock valued at $419,982,000 after buying an additional 25,856 shares during the period. Cullinan Associates Inc. grew its stake in shares of Advanced Micro Devices by 6.6% during the third quarter. Cullinan Associates Inc. now owns 3,963 shares of the semiconductor manufacturer’s stock valued at $2,424,000 after buying an additional 244 shares during the last quarter. Ethic Inc. grew its stake in shares of Advanced Micro Devices by 5.7% during the third quarter. Ethic Inc. now owns 182,801 shares of the semiconductor manufacturer’s stock valued at $111,830,000 after buying an additional 9,931 shares during the last quarter. Endowment Wealth Management Inc. increased its holdings in shares of Advanced Micro Devices by 3.9% in the third quarter. Endowment Wealth Management Inc. now owns 822 shares of the semiconductor manufacturer’s stock worth $503,000 after buying an additional 31 shares during the period. Finally, StoneX Group Inc. increased its holdings in shares of Advanced Micro Devices by 26.3% in the third quarter. StoneX Group Inc. now owns 15,534 shares of the semiconductor manufacturer’s stock worth $8,970,000 after buying an additional 3,233 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $449.04 on Friday. The firm has a market cap of $736.46 billion, a PE ratio of 97.62, a price-to-earnings-growth 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 has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $546.81 and its two-hundred day simple moving average is $414.98.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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. The firm had revenue of $13.38 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $1.20 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 6.59 EPS for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,262 shares of the company’s stock in a transaction that occurred on 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 owned 353,317 shares of the company’s stock, valued at $191,038,501.90. This represents a 4.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the transaction, the chief executive officer directly owned 74,211 shares of the company’s stock, valued at $37,609,392.69. The trade was a 25.20% decrease in their position. 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 231,100 shares of company stock valued at $114,867,400 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMD shares. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Wednesday. Robert W. Baird set a $1,250.00 price target on Advanced Micro Devices in a research report on Friday, July 24th. Mizuho reduced their price target on Advanced Micro Devices from $705.00 to $610.00 and set an “outperform” rating on the stock in a research report on Wednesday. Royal Bank Of Canada set a $675.00 price target on Advanced Micro Devices in a research note on Wednesday. Finally, CLSA reiterated an “outperform” rating and issued a $710.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, September 9th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $643.69.

Key Advanced Micro Devices News

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

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.