Advanced Micro Devices, Inc. $AMD Stock: Illinois Municipal Retirement Fund Increases Stake

Illinois Municipal Retirement Fund lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,407 shares of the semiconductor manufacturer’s stock after purchasing an additional 13,156 shares during the quarter. Advanced Micro Devices accounts for about 0.5% of Illinois Municipal Retirement Fund’s portfolio, making the stock its 28th biggest position. Illinois Municipal Retirement Fund’s holdings in Advanced Micro Devices were worth $43,684,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. First Citizens Financial Corp grew its position in shares of Advanced Micro Devices by 3.4% in the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 16 shares during the period. Fearless Solutions LLC dba Best Invest increased its stake in Advanced Micro Devices by 1.5% during the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 17 shares in the last quarter. Private Client Services LLC increased its stake in Advanced Micro Devices by 1.7% during the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock worth $660,000 after purchasing an additional 18 shares in the last quarter. Essential Investment Partners LLC raised its holdings in Advanced Micro Devices by 40.0% during the 3rd quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer’s stock worth $39,000 after buying an additional 18 shares during the period. Finally, CKW Financial Group raised its holdings in Advanced Micro Devices by 1.3% during the 3rd quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer’s stock worth $893,000 after buying an additional 18 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Reports that AMD plans to invest $2.5 billion in Anthropic added to optimism about its AI strategy and commercial ties. The news comes alongside reports that AMD is among companies participating in a broader Anthropic share purchase. Article: Stock Market Today, Nov. 10: AMD Rises on Plan to Invest $2.5 Billion in Anthropic
• Positive Sentiment: AMD’s data-center sales grew 97% in the third quarter, driven by EPYC server CPUs and the MI450 launch. The company sees substantial long-term markets for server CPUs and GPUs, while a new generation of EPYC processors is shipping through server partners. Article: 2 Reasons AMD Can Still Outperform by 2030 Article: AMD Showcases 6th Gen AMD EPYC Processors
• Positive Sentiment: Oppenheimer’s Outperform rating and $600 price target, along with sharply higher earnings estimates from Northland Securities, reinforce expectations for strong growth. Article: Oppenheimer Just Set a Whopping $600 Target on AMD Stock
• Neutral Sentiment: AMD shares have benefited from Nvidia-related uncertainty, but analysts caution that investor money moving between chip stocks is not the same as customers switching suppliers. A lasting gain depends on winning and retaining business. Article: AMD’s Stock Fades as Investors Weigh Whether Nvidia’s Turmoil Will Mean Lasting Wins
• Negative Sentiment: Some coverage flags declining free cash flow and rising inventory as risks. AMD’s rich valuation may leave less room for disappointment if its coming results do not confirm that AI demand is converting into healthy cash generation. Article: Here’s The AMD Data Center Number Investors Need to Know

Advanced Micro Devices Stock Up 1.3%

NASDAQ:AMD opened at $515.21 on Wednesday. The stock has a 50-day simple moving average of $548.56 and a 200 day simple moving average of $417.58. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. The company has a market cap of $844.99 billion, a PE ratio of 112.00, a PEG ratio of 4.90 and a beta of 2.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, beating the consensus estimate 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 return on equity of 14.15% and a net margin of 16.77%. The business’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.93 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of the firm’s 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 completion of the transaction, the executive vice president directly owned 160,979 shares of the company’s stock, valued at $76,316,924.32. This trade represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 70,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the sale, the chief executive officer owned 3,032,156 shares in the company, valued at $1,536,696,660.80. This trade represents a 2.26% 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. Over the last ninety days, insiders sold 230,957 shares of company stock worth $114,799,511. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMD shares. Royal Bank Of Canada set a $675.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Piper Sandler increased their price objective on shares of Advanced Micro Devices from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, Zacks Research cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $642.47.

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.