6,261 Advanced Micro Devices, Inc. $AMD Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 93.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 455 shares of the semiconductor manufacturer’s stock after selling 6,261 shares during the quarter. Machina Capital S.A.S.’s holdings in Advanced Micro Devices were worth $278,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMD. First Citizens Financial Corp grew its stake in shares of Advanced Micro Devices by 3.4% in the third quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 16 shares during the last quarter. Fearless Solutions LLC dba Best Invest raised 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 valued at $718,000 after purchasing an additional 17 shares during the last quarter. Private Client Services LLC raised 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 valued at $660,000 after purchasing an additional 18 shares during the last quarter. Essential Investment Partners LLC boosted its holdings in Advanced Micro Devices by 40.0% in the 3rd quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer’s stock valued at $39,000 after purchasing an additional 18 shares during the period. Finally, CKW Financial Group boosted its holdings in Advanced Micro Devices by 1.3% in the 3rd quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer’s stock valued at $893,000 after purchasing an additional 18 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

AMD traded down $51.24 during trading on Friday, reaching $534.06. 49,061,909 shares of the company’s stock were exchanged, compared to its average volume of 33,352,236. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The company has a quick ratio of 1.93, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $554.55 and a 200 day moving average price of $422.13. The company has a market capitalization of $875.90 billion, a P/E ratio of 116.10, a PEG ratio of 5.63 and a beta of 2.49.

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 the consensus estimate 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 firm had revenue of $13.38 billion for the quarter, compared to analyst estimates of $13.10 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The business’s revenue for the quarter was up 44.7% on a year-over-year basis. As a group, analysts predict that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

Key Advanced Micro Devices News

Here’s some of the latest news about AMD:

• Positive Sentiment: Google’s selection of AMD EPYC processors for infrastructure supporting its next-generation TPU chips strengthens AMD’s role in hyperscaler AI systems and could support data-center growth. How to Play AMD Stock as Google Picks EPYC for Its Next-Gen TPUs
• Positive Sentiment: Analyst support and Lisa Su’s CEO of the Year recognition reinforce the bullish longer-term narrative around AMD’s recent gains and competitive position, though neither fully offset Friday’s sector weakness. AMD’s Lisa Su named CEO of the year
• Neutral Sentiment: Director Nora Denzel disclosed a sale of 9,000 AMD shares. The transaction is a modest insider sale and does not by itself establish a change in the company’s outlook. SEC filing

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMD. Barclays began coverage on shares of Advanced Micro Devices in a research report on Thursday. They issued an “overweight” rating on the stock. Zacks Research lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Robert W. Baird set a $1,250.00 target price on shares of Advanced Micro Devices in a research note on Friday, July 24th. Melius Research set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Finally, Benchmark lifted their target price on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $640.11.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 70,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the sale, the chief executive officer owned 3,032,156 shares of the company’s stock, valued at $1,536,696,660.80. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the sale, the executive vice president directly owned 353,317 shares in the company, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 232,588 shares of company stock worth $116,292,222 in the last ninety days. Company insiders own 0.50% of the company’s stock.

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.