Westwind Capital lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 23.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,489 shares of the semiconductor manufacturer’s stock after selling 1,352 shares during the quarter. Westwind Capital’s holdings in Advanced Micro Devices were worth $2,746,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its position in shares of Advanced Micro Devices by 18.0% during the third quarter. CoreCap Advisors LLC now owns 23,171 shares of the semiconductor manufacturer’s stock valued at $14,322,000 after buying an additional 3,531 shares during the last quarter. Artemis Investment Management LLP lifted its position in Advanced Micro Devices by 18.3% during the third quarter. Artemis Investment Management LLP now owns 213,096 shares of the semiconductor manufacturer’s stock valued at $130,364,000 after purchasing an additional 32,954 shares during the period. Aletheian Wealth Advisors LLC boosted its holdings in Advanced Micro Devices by 28.6% in the third quarter. Aletheian Wealth Advisors LLC now owns 1,692 shares of the semiconductor manufacturer’s stock worth $1,035,000 after purchasing an additional 376 shares during the last quarter. YHB Investment Advisors Inc. grew its position in Advanced Micro Devices by 97.3% in the 3rd quarter. YHB Investment Advisors Inc. now owns 2,803 shares of the semiconductor manufacturer’s stock worth $1,715,000 after purchasing an additional 1,382 shares during the period. Finally, Apella Capital LLC grew its position in Advanced Micro Devices by 15.6% in the 3rd quarter. Apella Capital LLC now owns 9,851 shares of the semiconductor manufacturer’s stock worth $6,362,000 after purchasing an additional 1,327 shares during the period. 71.34% of the stock is owned by institutional investors.
Trending Headlines about Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: AMD’s data-center revenue reportedly increased 107% year over year to $6.7 billion, underscoring strong demand for its AI accelerators and server processors. Global AI infrastructure spending is also expected to remain substantial. AMD Stock: Drops Despite Record Revenue and Surging AI Data Center Demand
- Positive Sentiment: TSMC reported record quarterly revenue, up 50% year over year, signaling that demand for advanced chips used by AMD and other AI companies remains robust. Nvidia, AMD, Intel Stocks Despite Record AI Demand
- Positive Sentiment: CEO Lisa Su’s meetings with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. AMD CEO Says Continues to Explore Foundry Partnership With Samsung
- Positive Sentiment: Analysts remain constructive: BNP Paribas identified further upside from AMD’s CPU, AI accelerator and inference-chip opportunities, while Citi recently raised its price target. AMD Stock Isn’t Undervalued, but Wall Street May Be Underestimating a Key Opportunity
- Neutral Sentiment: AMD scheduled its third-quarter earnings report for November 3. Investors may remain cautious ahead of the release, which will provide an important test of AI demand, supply expansion and forward guidance. AMD Stock Slips Despite Setting a Date for Q3 Earnings
- Negative Sentiment: Higher bond yields and oil prices are pressuring richly valued growth and AI stocks, prompting investors to rotate out of semiconductor names across the sector. Why Are Intel and AMD Stocks Plunging on Thursday?
- Negative Sentiment: AMD’s valuation leaves little room for execution setbacks after its sharp rally. Concerns include whether future AI commitments will translate into repeat deployments, cash flow and sustainable margins. AMD’s Valuation Is Starting to Ruffle Feathers on Wall Street
- Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases over the past six months, adding to investor caution even though such sales may reflect scheduled diversification.
Insider Buying and Selling at Advanced Micro Devices
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $600.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Wall Street Zen raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Sunday. Bank of America lifted their target price on Advanced Micro Devices from $620.00 to $720.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $700.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, September 29th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $585.26.
Advanced Micro Devices Trading Down 3.9%
Shares of NASDAQ:AMD traded down $25.18 on Thursday, hitting $620.68. 23,402,461 shares of the company’s stock were exchanged, compared to its average volume of 32,602,393. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The business’s 50 day simple moving average is $526.31 and its two-hundred day simple moving average is $458.39. The stock has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 159.56, a price-to-earnings-growth ratio of 6.73 and a beta of 2.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices’s quarterly revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.
About Advanced Micro Devices
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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