Aprio Wealth Management LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 21.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,574 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,330 shares during the quarter. Aprio Wealth Management LLC’s holdings in Advanced Micro Devices were worth $4,633,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. Kurv Investment Management LLC grew its stake in shares of Advanced Micro Devices by 13.9% in the 3rd quarter. Kurv Investment Management LLC now owns 19,877 shares of the semiconductor manufacturer’s stock valued at $12,160,000 after purchasing an additional 2,427 shares during the period. Greenup Street Wealth Management LLC raised its position in Advanced Micro Devices by 32.1% in the 3rd quarter. Greenup Street Wealth Management LLC now owns 593 shares of the semiconductor manufacturer’s stock valued at $363,000 after purchasing an additional 144 shares during the last quarter. CFC Planning Co LLC increased its position in Advanced Micro Devices by 801.4% in the 3rd quarter. CFC Planning Co LLC now owns 3,939 shares of the semiconductor manufacturer’s stock valued at $2,411,000 after acquiring an additional 3,502 shares in the last quarter. Arta Finance Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 5.8% in the third quarter. Arta Finance Wealth Management LLC now owns 4,219 shares of the semiconductor manufacturer’s stock valued at $2,581,000 after purchasing an additional 231 shares in the last quarter. Finally, Whelan Financial lifted its stake in shares of Advanced Micro Devices by 21.4% during the third quarter. Whelan Financial now owns 1,933 shares of the semiconductor manufacturer’s stock valued at $1,183,000 after acquiring an additional 341 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently commented on AMD. DA Davidson lifted their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. CLSA reaffirmed an “outperform” rating and issued a $710.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. Rosenblatt Securities reissued a “buy” rating and set a $700.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, September 29th. Susquehanna increased their target price on shares of Advanced Micro Devices from $620.00 to $650.00 and gave the stock a “positive” rating in a report on Wednesday. Finally, Argus lifted their price target on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $607.57.
Read Our Latest Analysis on AMD
Advanced Micro Devices Stock Performance
NASDAQ AMD opened at $504.80 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $824.07 billion, a price-to-earnings ratio of 129.77, a P/E/G ratio of 5.81 and a beta of 2.45. The firm’s 50 day simple moving average is $548.29 and its 200 day simple moving average is $409.20. 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 issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current fiscal year.
More Advanced Micro Devices News
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: AMD’s data-center revenue reportedly nearly doubled, and its Helios rack-scale systems, EPYC processors and Instinct GPUs are being deployed in Meta’s AI infrastructure. The companies also expanded their relationship through a planned $1 billion equity investment and multigeneration chip collaboration. AMD Expands AI Footprint With Meta
- Positive Sentiment: Rackspace selected AMD-powered infrastructure for HGS’s private AI deployment, adding another enterprise use case for AMD’s data-center products. HGS Selects Rackspace Technology for Private AI Infrastructure
- Positive Sentiment: Rakuten Investment Management disclosed a new approximately $283.7 million AMD position, while many large institutions—including JPMorgan, Invesco, FMR and BlackRock—reported adding shares in recent quarters. Rakuten Opens AMD Position
- Positive Sentiment: Analyst targets remain broadly above the current share price, with a reported six-month median target of $512.50 and several targets ranging from $560 to $700.
- Neutral Sentiment: AMD is scheduled to report third-quarter results on Nov. 3. Investors will focus on data-center growth, AI accelerator demand, supply constraints and management’s outlook for 2027.
- Neutral Sentiment: Recent commentary highlights a sharply divided outlook: AMD’s AI growth is accelerating, but its valuation leaves little room for an earnings or guidance disappointment. AMD Earnings Preview
- Negative Sentiment: Intel’s disappointing fourth-quarter forecast, weak PC-market conditions and margin concerns triggered a broad semiconductor selloff. Investors are questioning whether AMD faces similar demand or supply pressures. AMD Shares Slide After Intel Earnings
- Negative Sentiment: Several reports argue AMD is priced more aggressively than NVIDIA despite slower expected growth, making the stock vulnerable to profit-taking before earnings. AMD Reports on Nov. 3
- Negative Sentiment: Insiders have reported 147 open-market sales and no purchases over the past six months, including substantial sales by CEO Lisa Su and other executives. Cathie Wood’s ARK Invest has also continued trimming AMD, adding to near-term sentiment pressure.
Insider Buying and Selling at Advanced Micro Devices
In related news, EVP Paul Grasby sold 15,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president directly owned 117,687 shares in the company, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark Papermaster sold 28,811 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the transaction, the executive vice president owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This trade represents a 2.23% 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 quarter, insiders sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is currently owned by insiders.
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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