WD Rutherford LLC reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 14.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,594 shares of the semiconductor manufacturer’s stock after selling 2,768 shares during the period. Advanced Micro Devices comprises 3.8% of WD Rutherford LLC’s holdings, making the stock its 4th biggest position. WD Rutherford LLC’s holdings in Advanced Micro Devices were worth $10,152,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Abundance Wealth Counselors lifted its holdings in shares of Advanced Micro Devices by 31.4% in the 3rd quarter. Abundance Wealth Counselors now owns 1,589 shares of the semiconductor manufacturer’s stock valued at $972,000 after buying an additional 380 shares during the period. Cahaba Wealth Management Inc. grew its holdings in Advanced Micro Devices by 38.9% during the third quarter. Cahaba Wealth Management Inc. now owns 911 shares of the semiconductor manufacturer’s stock worth $558,000 after acquiring an additional 255 shares during the period. Park Avenue Securities LLC grew its holdings in Advanced Micro Devices by 6.7% during the third quarter. Park Avenue Securities LLC now owns 65,831 shares of the semiconductor manufacturer’s stock worth $40,273,000 after acquiring an additional 4,108 shares during the period. Segment Wealth Management LLC grew its holdings in Advanced Micro Devices by 4.2% during the third quarter. Segment Wealth Management LLC now owns 1,901 shares of the semiconductor manufacturer’s stock worth $1,163,000 after acquiring an additional 76 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in Advanced Micro Devices by 10.1% during the third quarter. Verdence Capital Advisors LLC now owns 12,207 shares of the semiconductor manufacturer’s stock worth $7,468,000 after acquiring an additional 1,120 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.
Advanced Micro Devices Stock Performance
Advanced Micro Devices stock opened at $560.26 on Wednesday. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The business has a 50 day simple moving average of $543.70 and a 200-day simple moving average of $404.03.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. The business’s revenue was up 50.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.
Insider Buying and Selling
In other Advanced Micro Devices news, CEO Lisa Su sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the completion of the transaction, the chief executive officer owned 74,211 shares of the company’s stock, valued at $37,609,392.69. This represents a 25.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the transaction, the executive vice president directly owned 353,317 shares of the company’s stock, valued at $191,038,501.90. The trade was a 4.66% 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. Insiders sold a total of 231,100 shares of company stock worth $114,867,400 in the last quarter. 0.50% of the stock is owned by insiders.
Analysts Set New Price Targets
AMD has been the subject of several recent research reports. DA Davidson lifted their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. KeyCorp set a $650.00 price objective on Advanced Micro Devices in a research report on Wednesday, August 5th. Truist Financial raised their price objective on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. William Blair reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, Roth Capital lifted their target price on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $606.76.
Advanced Micro Devices News Roundup
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Expanded Meta partnership strengthens AMD’s AI growth narrative. AMD will invest $1 billion in Meta’s equity offering, while Meta is testing AMD Helios rack-scale systems, using EPYC processors and deploying Instinct GPUs for AI workloads. The companies also plan to collaborate on future GPUs, networking and software at gigawatt scale. The agreement provides additional visibility into potential hyperscale demand ahead of AMD’s November 3 earnings report. AMD and Meta partnership announcement
- Positive Sentiment: Analysts see data-center momentum. Rosenblatt named AMD its top semiconductor pick heading into earnings, citing improving server and AI demand. Susquehanna also reportedly raised its price target to $620 from $550, while a new Vultr cloud region will use a 20-megawatt AMD Instinct MI355X supercluster. Rosenblatt semiconductor picks
- Positive Sentiment: Long-term earnings expectations remain bullish. AMD has targeted adjusted EPS above $20 within three to five years of its 2025 analyst day, and CEO Lisa Su has indicated the company expects to significantly exceed that goal. Recent results also showed strong execution, with quarterly revenue up 50.1% year over year and EPS ahead of consensus. AMD long-term earnings outlook
- Neutral Sentiment: Meta’s financing creates both opportunity and scrutiny. Meta’s planned equity raise of up to $95 billion is intended to fund AI infrastructure, with AMD, Nvidia and Broadcom participating or expressing interest in buying shares. Investors welcomed the implied customer commitment, but commentators questioned whether supplier investments could represent circular financing rather than purely organic demand. AMD Meta investment report
- Neutral Sentiment: Upcoming earnings are a significant near-term catalyst. Options markets imply a potentially large move around the November 3 report, increasing the importance of AMD’s data-center revenue, AI GPU demand and forward guidance.
- Negative Sentiment: Valuation and competitive risks remain elevated. Commentary noted that AMD has risen rapidly, trades at a very high earnings multiple and remains substantially smaller than Nvidia in data-center scale and margins. Higher advanced-packaging and wafer costs from TSMC could also pressure AMD’s profitability. AMD valuation and stock information
- Negative Sentiment: Insider selling is a sentiment concern. Reported insider activity showed 147 open-market sales and no purchases during the past six months, including substantial sales by senior executives. Such transactions may reflect diversification, but they provide a counterpoint to the bullish AI narrative.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.
AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.
Featured Stories
- Five stocks we like better than Advanced Micro Devices
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.
