Courier Capital LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,828 shares of the semiconductor manufacturer’s stock after acquiring an additional 973 shares during the period. Advanced Micro Devices makes up 1.5% of Courier Capital LLC’s portfolio, making the stock its 17th biggest position. Courier Capital LLC’s holdings in Advanced Micro Devices were worth $7,848,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Southpoint Capital Advisors LP grew its stake in shares of Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock valued at $183,087,000 after buying an additional 300,000 shares in the last quarter. Boomfish Wealth Group LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $1,193,000. Dimensional Fund Advisors LP lifted its position in Advanced Micro Devices by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock worth $1,045,954,000 after acquiring an additional 291,165 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in Advanced Micro Devices by 6,968.7% during the 3rd 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 in the last quarter. Finally, Douglas Lane & Associates LLC boosted its holdings in Advanced Micro Devices by 2,748.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer’s stock worth $52,582,000 after acquiring an additional 82,934 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Key Advanced Micro Devices News
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Scaleway selected AMD for a major AI supercomputer in Sweden. The European cloud provider plans to build an AMD-powered system, providing evidence of demand for AMD’s Instinct GPUs and strengthening the company’s position as an alternative to Nvidia in AI data centers. Scaleway to build AMD-powered AI supercomputer in Sweden
- Positive Sentiment: AMD’s Helion rack-scale platform is reinforcing its agentic-AI strategy. The open blueprint supports CPU-only and combined CPU/GPU configurations, up to 32,768 CPU cores, and is expected to become available in November. The design could help AMD capture enterprise and hyperscale inference workloads as customers seek flexible infrastructure. AMD unveils Helion open rack blueprint for agentic AI
- Positive Sentiment: AMD is providing financial support to energy company Fermi. The partnership sent Fermi shares sharply higher and may give AMD exposure to power infrastructure needed for large AI data centers, although the longer-term financial benefit to AMD remains uncertain. Fermi partnership with AMD
- Neutral Sentiment: Analysts and commentators remain bullish on AMD’s potential to benefit from AI inference growth, with one report assigning a $1,200 target. However, the stock trades at roughly 155 times earnings, leaving limited room for execution disappointments.
- Negative Sentiment: Semiconductor shares are facing broad risk-off selling. Investors are taking profits after a powerful run, while intensifying Chinese competition and worries that financing constraints could slow AI data-center expansion are weighing on AMD, Nvidia, and Intel.
- Negative Sentiment: Reports that OpenAI reduced its revenue outlook have prompted investors to reassess assumptions for AI accelerator demand and infrastructure spending. AMD’s exposure to the AI buildout makes it particularly sensitive to any signs of slower customer returns.
- Negative Sentiment: News that President Donald Trump’s investment team sold as much as $5 million of AMD stock adds a negative sentiment signal, though the trade was made in August and does not necessarily reflect AMD’s operating outlook.
Insider Buying and Selling at Advanced Micro Devices
Analyst Upgrades and Downgrades
AMD has been the topic of a number of recent research reports. Melius Research set a $660.00 target price on shares of Advanced Micro Devices in a research report on Friday, July 24th. Wedbush restated an “outperform” rating and set a $600.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. DA Davidson lifted their target price on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus boosted their price target on Advanced Micro Devices from $635.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $593.82.
Get Our Latest Analysis on Advanced Micro Devices
Advanced Micro Devices Stock Up 1.9%
NASDAQ AMD traded up $11.29 during trading hours on Tuesday, reaching $605.53. 17,847,018 shares of the company traded hands, compared to its average volume of 32,343,414. The stock has a market capitalization of $988.51 billion, a PE ratio of 155.66, a PEG ratio of 6.29 and a beta of 2.45. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The company has a 50 day moving average of $531.14 and a two-hundred day moving average of $463.99.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company’s revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current year.
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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