Polaris Financial Partners acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 817 shares of the semiconductor manufacturer's stock, valued at approximately $496,000.

• Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next

Several other large investors have also modified their holdings of the stock. Bank of America Corp DE acquired a new stake in Advanced Micro Devices during the 2nd quarter worth $7,022,226,000. Cardano Risk Management B.V. acquired a new position in Advanced Micro Devices in the fourth quarter valued at $1,000,783,000. BlackRock Inc. grew its holdings in shares of Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Advanced Micro Devices by 340.1% during the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock worth $1,016,796,000 after purchasing an additional 3,669,054 shares during the last quarter. Finally, Jupiter Topco LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter worth about $2,084,651,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AMD. Cantor Fitzgerald reissued an "overweight" rating and issued a $700.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. CLSA reaffirmed an "outperform" rating and set a $710.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, September 9th. JPMorgan Chase & Co. boosted their price objective on Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Sanford C. Bernstein reissued an "outperform" rating and issued a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $567.62.

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Check Out Our Latest Stock Report on Advanced Micro Devices

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Norrod sold 17,261 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the completion of the sale, the executive vice president owned 363,317 shares in the company, valued at $182,766,616.85. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total value of $1,462,649.17. Following the sale, the senior vice president directly owned 26,623 shares of the company's stock, valued at approximately $13,010,393.87. This represents a 10.11% 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 three months, insiders have sold 213,838 shares of company stock valued at $105,533,836. Corporate insiders own 0.50% of the company's stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD’s proposed $8.2 billion, all-stock acquisition of World Labs is the main company-specific catalyst. The deal would bring in Fei-Fei Li’s spatial-intelligence AI business and could help AMD shape future AI products beyond the current GPU competition. The acquisition is intended to strengthen AMD’s software and AI roadmap as demand expands. Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
• Positive Sentiment: Demand indicators remain strong. Hewlett Packard Enterprise announced a $1.2 billion Vultr order involving AMD Helios AI racks, offering evidence of expanding deployment opportunities for AMD chips in data centers. HPE CFO discusses $1.2B deal with Vultr to deploy AMD Helios AI racks
• Positive Sentiment: Semiconductor stocks broadly advanced, with AMD benefiting from renewed enthusiasm for the next AI infrastructure build-out. Analysts and financial commentators continue to highlight AMD’s data-center growth, CPU demand and potential to gain share without overtaking Nvidia. AMD Doesn’t Need to Beat Nvidia to Be a Big AI Winner
• Positive Sentiment: Weaker-than-expected employment data reduced expectations for another Federal Reserve rate hike, supporting technology and other high-growth stocks whose valuations are sensitive to interest rates. AMD stock gains 3%, here’s why

Advanced Micro Devices Stock Performance

AMD stock traded up $18.18 during trading on Friday, hitting $633.91. The company had a trading volume of 19,820,105 shares, compared to its average volume of 32,869,313. The firm has a market cap of $1.03 trillion, a PE ratio of 162.96, a price-to-earnings-growth ratio of 6.35 and a beta of 2.45. Advanced Micro Devices, Inc. has a 1-year low of $163.14 and a 1-year high of $645.46. The firm has a 50-day moving average price of $510.41 and a 200-day moving average price of $443.02. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. During the same period last year, the firm earned $0.48 EPS. The firm's revenue for the quarter was up 50.1% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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