Welch & Forbes LLC Sells 1,183 Shares of Advanced Micro Devices, Inc. $AMD

Welch & Forbes LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,105 shares of the semiconductor manufacturer’s stock after selling 1,183 shares during the period. Welch & Forbes LLC’s holdings in Advanced Micro Devices were worth $1,900,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AMD. Nemes Rush Group LLC raised its holdings in shares of Advanced Micro Devices by 0.5% in the third quarter. Nemes Rush Group LLC now owns 6,096 shares of the semiconductor manufacturer’s stock valued at $3,729,000 after purchasing an additional 28 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Advanced Micro Devices by 36.4% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 193,341 shares of the semiconductor manufacturer’s stock valued at $118,278,000 after purchasing an additional 51,619 shares in the last quarter. Gryphon Financial Partners LLC boosted its holdings in Advanced Micro Devices by 1.3% during the third quarter. Gryphon Financial Partners LLC now owns 7,940 shares of the semiconductor manufacturer’s stock worth $4,858,000 after purchasing an additional 101 shares during the last quarter. Fairscale Capital LLC boosted its holdings in Advanced Micro Devices by 6.6% during the third quarter. Fairscale Capital LLC now owns 581 shares of the semiconductor manufacturer’s stock worth $355,000 after purchasing an additional 36 shares during the last quarter. Finally, Vestor Capital LLC purchased a new position in Advanced Micro Devices during the third quarter worth about $120,730,000. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of several analyst reports. Melius Research set a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. CLSA restated an “outperform” rating and issued a $710.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. TD Cowen restated a “buy” rating on shares of Advanced Micro Devices in a research note on Monday, October 19th. Royal Bank Of Canada set a $675.00 target price on Advanced Micro Devices in a report on Wednesday, November 4th. Finally, Weiss Ratings downgraded Advanced Micro Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $642.47.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $515.21 on Wednesday. The company’s 50-day moving average is $548.56 and its 200 day moving average is $417.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72. The company has a market capitalization of $844.99 billion, a P/E ratio of 112.00, a price-to-earnings-growth ratio of 4.90 and a beta of 2.49. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. 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 company posted $1.20 earnings per share. The firm’s quarterly revenue was up 44.7% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related 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 value of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares in the company, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark D. Papermaster sold 28,811 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. The trade was a 2.23% 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 quarter, insiders sold 230,957 shares of company stock valued at $114,799,511. Corporate insiders own 0.50% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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 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.