Soltis Investment Advisors LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 95.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,106 shares of the semiconductor manufacturer’s stock after selling 183,677 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $4,959,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blueprint Investment Partners LLC acquired a new position in Advanced Micro Devices during the 3rd quarter worth $6,680,000. Harbour Trust & Investment Management Co increased its holdings in Advanced Micro Devices by 2.4% during the 3rd quarter. Harbour Trust & Investment Management Co now owns 1,869 shares of the semiconductor manufacturer’s stock worth $1,143,000 after purchasing an additional 43 shares during the period. Bosman Wealth Management LLC increased its holdings in Advanced Micro Devices by 14.4% during the 3rd quarter. Bosman Wealth Management LLC now owns 9,775 shares of the semiconductor manufacturer’s stock worth $5,980,000 after purchasing an additional 1,231 shares during the period. Choreo LLC increased its holdings in Advanced Micro Devices by 9.4% during the 3rd quarter. Choreo LLC now owns 41,075 shares of the semiconductor manufacturer’s stock worth $25,128,000 after purchasing an additional 3,530 shares during the period. Finally, Argentarii LLC raised its position in Advanced Micro Devices by 1.1% in the 3rd quarter. Argentarii LLC now owns 3,038 shares of the semiconductor manufacturer’s stock valued at $1,859,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices News Summary
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: AMD expanded its partnership with Meta Platforms, including a planned $1 billion investment in Meta and multi-generation co-design of Instinct GPUs, EPYC processors and Helios rack-scale systems. The agreement covers Meta’s gigawatt-scale AI infrastructure and could support significant future chip demand. AMD Meta partnership article
- Positive Sentiment: Meta’s deployment of AMD hardware for AI models, along with reported agreements involving OpenAI and Anthropic, reinforces AMD’s position as a major alternative to Nvidia in the data-center accelerator market. AMD AI partnership article
- Positive Sentiment: Analysts expect AMD’s upcoming third-quarter results and outlook to benefit from continued demand for EPYC server CPUs and Instinct AI accelerators. Susquehanna also raised its price target to $650 and maintained a positive rating. AMD earnings preview
- Neutral Sentiment: AMD is scheduled to report earnings on November 3. After a powerful year-to-date rally, investors will likely focus less on a quarterly beat and more on 2027 data-center revenue expectations, supply availability, margins and forward guidance. AMD valuation and earnings article
- Negative Sentiment: Jefferies warned that AMD’s demanding valuation and potential supply constraints could limit near-term upside, even if the company beats estimates and raises guidance. Taiwan Semiconductor’s higher wafer and advanced-packaging prices also create a potential margin risk for AMD. Jefferies AMD outlook
- Negative Sentiment: Semiconductor stocks came under pressure after Alphabet’s results highlighted the enormous expense of AI infrastructure, while lighter-than-expected spending signals from major technology companies raised concerns about the sustainability and returns of the AI investment cycle. AI infrastructure market reaction
- Negative Sentiment: AMD’s valuation leaves little room for disappointment after its substantial rally, and ARK Invest’s continued reduction of its AMD position adds a modest negative sentiment signal.
Insider Buying and Selling at Advanced Micro Devices
In related news, CEO Lisa Su sold 25,000 shares of the business’s 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 sale, the chief executive officer owned 74,211 shares in the company, valued at $37,609,392.69. The trade was a 25.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total value of $1,462,649.17. Following the sale, the senior vice president owned 26,623 shares of the company’s stock, valued at approximately $13,010,393.87. The trade was a 10.11% 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. In the last ninety days, insiders have sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is currently owned by corporate insiders.
Advanced Micro Devices Stock Down 2.1%
Advanced Micro Devices stock opened at $566.42 on Friday. The stock has a market cap of $924.67 billion, a PE ratio of 145.61, a P/E/G ratio of 5.94 and a beta of 2.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The stock’s fifty day moving average is $547.58 and its two-hundred day moving average is $407.71. 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, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The business’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. UBS Group reiterated an “overweight” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Citigroup upped their target price on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Raymond James Financial raised shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $565.00 to $641.00 in a report on Tuesday, August 25th. Jefferies Financial Group reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Thursday. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $607.57.
Read Our Latest Research Report on Advanced Micro Devices
About Advanced Micro Devices
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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