Sacks & Associates LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,532 shares of the semiconductor manufacturer’s stock, valued at approximately $937,000.
A number of other institutional investors have also made changes to their positions in AMD. Southpoint Capital Advisors LP grew its stake in Advanced Micro Devices by 50.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after buying an additional 300,000 shares during the last quarter. Boomfish Wealth Group LLC bought a new stake in Advanced Micro Devices in the first quarter valued at $1,193,000. Dimensional Fund Advisors LP lifted its stake in Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after buying an additional 291,165 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $100,834,000. Finally, Ferguson Wellman Capital Management Inc. grew its position in shares of Advanced Micro Devices by 6,968.7% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock worth $85,995,000 after acquiring an additional 138,328 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.
Advanced Micro Devices Trading Down 2.0%
Shares of NASDAQ:AMD opened at $608.10 on Friday. The company has a 50 day moving average of $528.95 and a 200-day moving average of $459.44. The firm has a market cap of $992.71 billion, a P/E ratio of 156.32, a P/E/G ratio of 6.39 and a beta of 2.45. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.
More Advanced Micro Devices News
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: AI infrastructure demand remains strong. TSMC reported record quarterly revenue, while Samsung also posted exceptionally strong results tied to AI memory demand—supportive read-throughs for AMD’s data-center and accelerator businesses. TSMC quarterly results
- Positive Sentiment: AMD is reportedly exploring a foundry and memory partnership with Samsung, potentially improving access to critical manufacturing and high-bandwidth memory as AI chip supply remains constrained. AMD Samsung partnership
- Positive Sentiment: The partnership with Core Scientific highlights potential demand for AMD-powered AI data centers, while analysts and bullish commentators continue to see upside from CPUs, accelerators and inference chips. Core Scientific and AMD partnership
- Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3. The report will be an important test of whether accelerating AI demand can justify the stock’s elevated valuation. AMD earnings date
- Negative Sentiment: Valuation concerns are dominating sentiment. AMD was cited as trading near 125 times free cash flow, far above Broadcom’s roughly 46 times, leaving little room for execution missteps or slower growth. AMD versus Broadcom valuation
- Negative Sentiment: A broader market selloff, rising Treasury yields and higher oil prices pressured richly valued technology shares. ARK Invest also sold approximately $14 million of AMD stock, adding a modest negative sentiment signal. ARK Invest AMD sale
Insider Buying and Selling
In other news, EVP Mark Papermaster sold 28,811 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was 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 of the company’s stock, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total value of $1,462,649.17. Following the completion of the sale, the senior vice president owned 26,623 shares of the company’s stock, valued at approximately $13,010,393.87. This trade represents a 10.11% 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. In the last ninety days, insiders have sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
AMD has been the topic of a number of analyst reports. Bank of America increased their price objective on shares of Advanced Micro Devices from $620.00 to $720.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Truist Financial upped their target price on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Susquehanna raised their price target on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. Roth Capital lifted their price target on Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, William Blair reiterated a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $585.26.
Read Our Latest Stock Report on AMD
Advanced Micro Devices Profile
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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