Sanders Morris Harris LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 746.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 35,272 shares of the semiconductor manufacturer’s stock after acquiring an additional 31,105 shares during the period. Advanced Micro Devices accounts for 2.9% of Sanders Morris Harris LLC’s portfolio, making the stock its 7th largest position. Sanders Morris Harris LLC’s holdings in Advanced Micro Devices were worth $21,633,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its holdings in 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 raised its stake in Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after purchasing an additional 2,149,563 shares during the period. Invesco Ltd. raised its stake in Advanced Micro Devices by 15.9% during the fourth quarter. Invesco Ltd. now owns 15,473,280 shares of the semiconductor manufacturer’s stock worth $3,313,758,000 after purchasing an additional 2,124,867 shares during the period. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $7,022,226,000. Finally, Jennison Associates LLC boosted its holdings in shares of 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 valued at $5,793,388,000 after purchasing an additional 545,575 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices Trading Down 5.7%
Shares of AMD stock opened at $570.82 on Thursday. The stock has a market cap of $931.85 billion, a price-to-earnings ratio of 146.74, a price-to-earnings-growth ratio of 6.26 and a beta of 2.45. 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, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The firm’s 50 day moving average price is $534.65 and its two-hundred day moving average price is $469.28.
Insider Buying and Selling at Advanced Micro Devices
In related news, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the transaction, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This trade represents a 8.52% 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. In the last three months, insiders have sold 213,838 shares of company stock worth $105,533,836. Corporate insiders own 0.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on AMD shares. Raymond James Financial raised shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $565.00 to $641.00 in a research note on Tuesday, August 25th. Zacks Research lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Susquehanna lifted their target price on Advanced Micro Devices from $450.00 to $500.00 and gave the company a “positive” rating in a report on Thursday, July 30th. Finally, Wall Street Zen raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Three equities research 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $603.51.
Get Our Latest Research Report on Advanced Micro Devices
More Advanced Micro Devices News
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: AMD’s AI positioning continues to strengthen. SemiAnalysis reportedly found that software improvements are helping AMD narrow NVIDIA’s AI-inference advantage without requiring new chips. AMD also introduced its Helios open-rack platform for agentic AI, with CPU-only and GPU configurations planned for availability in November. AMD Challenges Nvidia’s AI Inference Lead AMD Helion Blueprint
- Positive Sentiment: AMD’s credit support for Fermi’s 222-megawatt Texas data-center lease could help ensure power availability for future AI deployments and chip demand. The broader project may eventually support up to 650 megawatts, although the arrangement also exposes AMD to infrastructure-related execution risk. Fermi Partnership With AMD
- Neutral Sentiment: AMD is reportedly acquiring World Labs, an AI startup led by Fei-Fei Li, in an all-stock transaction valued at approximately $8.2 billion. The technology could support 3D-world generation and robotics training, but the deal adds integration and valuation considerations. AMD World Labs Acquisition
- Negative Sentiment: CoreWeave’s bond selloff raised concerns that heavily leveraged AI infrastructure operators may struggle to finance expansion or generate adequate returns. That prompted investors to question future demand for AMD and other AI accelerators. AMD Stock Takes a Bigger Hit as Cracks Emerge in the AI Trade
- Negative Sentiment: A hotter-than-expected September inflation report increased interest-rate and financing concerns, while reports of an OpenAI revenue reset, elevated semiconductor valuations and intensifying Chinese competition added pressure. AMD’s roughly 183% year-to-date advance and premium earnings multiple leave the stock vulnerable to profit-taking. Why AMD Stock Is Falling
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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