Advanced Micro Devices, Inc. $AMD Stock: King Luther Capital Management Corp Boosts Position

King Luther Capital Management Corp boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 108,991 shares of the semiconductor manufacturer’s stock after acquiring an additional 19,039 shares during the period. King Luther Capital Management Corp’s holdings in Advanced Micro Devices were worth $66,676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DecisionPoint Financial LLC boosted its stake in Advanced Micro Devices by 79.2% during the third quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 19 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $29,000. JNBA Financial Advisors raised its stake in shares of Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 30 shares during the period. Graney & King LLC purchased a new stake in shares of Advanced Micro Devices in the 1st quarter valued at approximately $31,000. Finally, Main Street Group LTD acquired a new position in shares of Advanced Micro Devices in the 1st quarter worth approximately $33,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was 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. The trade was a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $514.91, for a total value of $7,723,650.00. Following the sale, the executive vice president owned 117,687 shares in the company, valued at approximately $60,598,213.17. This trade represents a 11.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 230,957 shares of company stock valued at $114,799,511 in the last 90 days. Insiders own 0.50% of the company’s stock.

More Advanced Micro Devices News

Investors following AMD have been watching these news items:

• Positive Sentiment: CoreWeave’s better-than-expected results and improved outlook revived confidence in AI infrastructure spending, lifting chip stocks. Why Advanced Micro Devices Stock Popped Today
• Positive Sentiment: Google’s selection of AMD’s fifth-generation EPYC processors for its TPU 8tx system, alongside the launch of new EPYC CPUs, reinforced AMD’s opportunity in cloud and AI server workloads. What Is Going on With AMD Stock on Wednesday?
• Positive Sentiment: Anthropic’s claim that its Mythos model got Claude running on AMD chips in roughly three days raised the possibility that AI software could become less dependent on Nvidia’s CUDA platform—potentially broadening AMD’s appeal, though adoption remains to be proven. Anthropic’s Mythos claim and Nvidia’s CUDA moat

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $552.90 on Thursday. The company has a quick ratio of 1.93, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. The firm has a market cap of $906.81 billion, a PE ratio of 120.20, a price-to-earnings-growth ratio of 4.96 and a beta of 2.49. The company’s 50 day moving average is $550.43 and its two-hundred day moving average is $419.05.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping 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 business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. On average, research analysts expect that Advanced Micro Devices, Inc. will post 6.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Citigroup upped their price target on Advanced Micro Devices from $575.00 to $800.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Royal Bank Of Canada set a $675.00 price target on Advanced Micro Devices in a research report on Wednesday, November 4th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $649.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Finally, HSBC reaffirmed a “hold” rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, November 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.