Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 27.0% during the third quarter, Holdings Channel reports. The fund owned 14,809 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,151 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $9,226,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of AMD. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Advanced Micro Devices during the 3rd quarter valued at approximately $29,000. JNBA Financial Advisors increased its holdings in Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 30 shares during the last quarter. Downshift Financial LLC increased its holdings in Advanced Micro Devices by 850.0% during the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 51 shares during the last quarter. Bullseye Investment Management LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter worth approximately $44,000. Finally, Luminist Capital LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 71.34% of the company’s stock.
Insider Activity at Advanced Micro Devices
In other news, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction that occurred 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 approximately $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 that occurred on Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total value of $8,683,146.05. Following the sale, the executive vice president owned 363,317 shares in the company, valued at $182,766,616.85. The trade was a 4.54% 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. In the last three months, insiders sold 213,838 shares of company stock valued at $105,533,836. 0.50% of the stock is owned by insiders.
Advanced Micro Devices Price Performance
Shares of NASDAQ:AMD opened at $562.23 on Friday. The company has a market cap of $917.82 billion, a PE ratio of 144.53, a P/E/G ratio of 5.90 and a beta of 2.45. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The firm has a 50-day simple moving average of $536.11 and a 200 day simple moving average of $471.82. 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 issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter last year, the company posted $0.48 earnings per share. Advanced Micro Devices’s revenue was up 50.1% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.45 EPS for the current year.
Key Headlines Impacting Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: AMD’s long-term AI opportunity remains a key bullish argument. Analysts point to strong demand for data-center processors and accelerators, improving AI-inference software, and the potential for agentic AI to drive substantial future compute demand. AMD’s Helion rack-scale architecture, developed with an open and modular approach, could broaden its role in AI infrastructure. What Does Advanced Micro Devices AMD Helion Mean For Its AI Ambitions?
- Positive Sentiment: A credit-support agreement connected to Fermi Inc.’s 222-megawatt Texas power lease for Project Matador may help advance AI data-center capacity and could support AMD’s ecosystem and infrastructure ambitions, although related liquidity and lease risks remain. AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Neutral Sentiment: TSMC reported record profits and described AI-chip demand as extremely robust, supporting the underlying demand backdrop for AMD. However, TSMC’s shares also weakened, showing that strong operating results are not currently overcoming broader risk aversion in chip stocks. TSMC Posts Record Profit Amid Extremely Robust Demand for AI Chips
- Negative Sentiment: Rising Treasury yields are increasing the discount rate applied to AMD’s future earnings and raising borrowing costs for AI customers. Fears that hyperscalers and other infrastructure buyers may struggle to finance planned projects have triggered a broad semiconductor sell-off. Rate Pressure vs. AI Demand
- Negative Sentiment: AMD’s sharp year-to-date advance and premium valuation have increased profit-taking risk. Reports also highlight extensive insider selling, with no reported open-market purchases in the cited six-month period, potentially reinforcing investor concerns about valuation and expectations. AMD Stock Surges 183% YTD: Time to Hold or Exit?
- Negative Sentiment: Concerns about an AI-spending reset intensified after weakness in AI-financing markets, including a sell-off in CoreWeave bonds. Investors are questioning whether AI demand, competitive pressure and infrastructure spending can justify current chip valuations. AMD Stock Takes a Bigger Hit as Cracks Emerge in the AI Trade
Analyst Ratings Changes
Several equities analysts have recently commented on AMD shares. Morgan Stanley increased their target price on Advanced Micro Devices from $410.00 to $465.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group raised their price target on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Bank of America lifted their price target on shares of Advanced Micro Devices from $620.00 to $720.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. Raymond James Financial upgraded shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $565.00 to $641.00 in a research note on Tuesday, August 25th. Finally, Zacks Research cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Three investment 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 given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $603.51.
View Our Latest Stock Report on AMD
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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