First Citizens Bank & Trust Co. grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 211.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,129 shares of the semiconductor manufacturer’s stock after purchasing an additional 46,259 shares during the period. Advanced Micro Devices makes up about 0.6% of First Citizens Bank & Trust Co.’s investment portfolio, making the stock its 29th largest position. First Citizens Bank & Trust Co.’s holdings in Advanced Micro Devices were worth $42,095,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after purchasing an additional 4,535,126 shares during the period. State Street Corp increased its stake in Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after buying an additional 2,149,563 shares during the period. Bank of America Corp DE purchased a new stake in Advanced Micro Devices during the 2nd quarter worth $7,022,226,000. Jennison Associates LLC lifted its holdings in Advanced Micro Devices by 5.8% in the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after buying an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Advanced Micro Devices by 33.9% in the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after buying an additional 2,365,419 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on AMD shares. Loop Capital raised Advanced Micro Devices to a “strong-buy” rating in a research report on Tuesday, June 16th. Citigroup raised their price target on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $700.00 price target on shares of Advanced Micro Devices in a report on Tuesday, September 29th. TD Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Wedbush reissued an “outperform” rating and issued a $600.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $603.51.
Insider Transactions at Advanced Micro Devices
In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the sale, the executive vice president owned 160,979 shares in the company, valued at $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the stock in a transaction 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 sale, the executive vice president directly owned 363,317 shares in the company, valued at $182,766,616.85. This trade represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 213,838 shares of company stock valued at $105,533,836 over the last quarter. Insiders own 0.50% of the company’s stock.
Advanced Micro Devices News Roundup
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: New AI infrastructure customer: European cloud provider Scaleway plans to build an AMD-powered AI supercomputer in Sweden, providing evidence of demand for AMD GPUs and expanding the company’s presence in AI data centers. Scaleway to build AMD-powered AI supercomputer in Sweden
- Positive Sentiment: Helion platform and inference opportunity: AMD’s Helion open rack blueprint combines EPYC CPUs, Instinct GPUs and flexible configurations for agentic AI workloads. CEO Lisa Su also pointed to a potentially large AI-inference market, reinforcing the company’s strategy beyond model training. AMD unveils Helion open rack blueprint for agentic AI
- Positive Sentiment: Constructive industry outlook: CNBC’s Jim Cramer argued that persistent chip demand, broader CPU adoption and long-term customer commitments support semiconductor growth despite the recent pullback. AMD was also identified as one of the market’s leading buy candidates. Jim Cramer isn’t giving up on semiconductor stocks
- Neutral Sentiment: Analyst and investor debate remains intense: Some commentary sees AMD’s CPU growth and AI opportunity supporting substantially higher valuations, while other analysis highlights the difficulty of justifying the stock’s price relative to estimated intrinsic value. A rare options strategy also indicates heightened investor interest and potential volatility. AMD: CPU Boom Lifts Target To $1,200
- Negative Sentiment: Sector-wide pressure: AMD has faced selling alongside Nvidia and Intel as investors worry that China’s competition and tighter financing could slow AI infrastructure spending. Profit-taking after a major semiconductor rally is adding to volatility. Why are Intel and AMD stocks falling on Tuesday?
- Negative Sentiment: Valuation and selling concerns: AMD’s roughly 156 price-to-earnings ratio leaves limited room for execution disappointments. GuruFocus estimated GF Value at $290.93 versus the recent $605.53 price, while an investment team linked to President Donald Trump reportedly sold up to $5 million of AMD shares in August.
Advanced Micro Devices Price Performance
Shares of AMD opened at $605.53 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week 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. The firm has a market cap of $988.51 billion, a price-to-earnings ratio of 155.66, a PEG ratio of 6.15 and a beta of 2.45. The stock has a 50 day moving average of $532.88 and a 200-day moving average of $466.70.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same period in the prior year, the company posted $0.48 EPS. The business’s revenue was up 50.1% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 6.45 EPS for the current year.
Advanced Micro Devices Company 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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