Kelleher Financial Advisors cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 68.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 819 shares of the semiconductor manufacturer’s stock after selling 1,739 shares during the period. Kelleher Financial Advisors’ holdings in Advanced Micro Devices were worth $501,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in AMD. First Citizens Financial Corp boosted its holdings in Advanced Micro Devices by 3.4% during the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 16 shares during the period. Fearless Solutions LLC dba Best Invest increased its stake in Advanced Micro Devices by 1.5% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 17 shares during the period. Private Client Services LLC increased its stake in Advanced Micro Devices by 1.7% in the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock worth $660,000 after purchasing an additional 18 shares during the period. Essential Investment Partners LLC increased its stake in Advanced Micro Devices by 40.0% in the 3rd quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer’s stock worth $39,000 after purchasing an additional 18 shares during the period. Finally, CKW Financial Group lifted its position in Advanced Micro Devices by 1.3% in the third quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer’s stock valued at $893,000 after purchasing an additional 18 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
Advanced Micro Devices News Summary
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: AMD beat third-quarter earnings and revenue estimates, with data-center revenue up about 97% year over year on demand for Instinct GPUs and EPYC CPUs. The results helped bolster confidence that AI spending is translating into sales. Reuters report on AMD’s results and outlook
- Positive Sentiment: The company forecast fourth-quarter revenue of about $17 billion, above analyst expectations, and management outlined potential revenue growth of more than 80% in 2027 as AI infrastructure expands. AMD Q3 earnings-call outlook
- Positive Sentiment: Several analysts raised price targets after the results, including Piper Sandler, which lifted its target to $650 and maintained an Overweight rating. These revisions reflect optimism about AI demand and server CPU prospects. Analyst views following AMD’s results
- Neutral Sentiment: The strong results and outlook have helped shares recover, but the stock’s reaction has been uneven as investors weigh whether AMD can deliver on ambitious 2027 expectations. Analysts assess AMD’s earnings
- Negative Sentiment: Risks include an elevated valuation, weaker gaming performance, and pressure on free cash flow as AMD invests to support growth. The company also faces constraints in sourcing high-bandwidth memory, while Intel and custom-chip providers compete for data-center spending. AMD growth opportunities and risks
Insider Activity at Advanced Micro Devices
In related 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 owned 160,979 shares in the company, valued at $76,316,924.32. This represents a 8.52% 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 Paul Grasby sold 15,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the sale, the executive vice president directly owned 117,687 shares of the company’s stock, valued at $60,598,213.17. The trade was a 11.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 231,100 shares of company stock valued at $114,867,400 over the last 90 days. Company insiders own 0.50% of the company’s stock.
Advanced Micro Devices Stock Up 1.0%
Shares of NASDAQ:AMD opened at $488.78 on Thursday. The stock’s 50-day moving average is $548.90 and its 200 day moving average is $413.03. The company has a market cap of $797.92 billion, a PE ratio of 106.26, a P/E/G ratio of 4.97 and a beta of 2.49. 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, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. The business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. Advanced Micro Devices had a return on equity of 14.34% and a net margin of 16.77%. The business’s revenue was up 44.7% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on AMD shares. Truist Financial increased their price objective on Advanced Micro Devices from $594.00 to $605.00 and gave the company a “buy” rating in a research note on Wednesday. The Goldman Sachs Group restated a “buy” rating and issued a $675.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Roth Capital lifted their target price on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. BMO Capital Markets began coverage on shares of Advanced Micro Devices in a report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target for the company. Finally, Bank of America dropped their price target on shares of Advanced Micro Devices from $720.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, eight have issued 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 target price of $627.61.
Get Our Latest Stock Analysis on Advanced Micro Devices
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.
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