LifeWealth Investments LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 105.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,914 shares of the semiconductor manufacturer’s stock after acquiring an additional 983 shares during the period. LifeWealth Investments LLC’s holdings in Advanced Micro Devices were worth $1,171,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Advanced Micro Devices during the third quarter worth about $29,000. JNBA Financial Advisors lifted its holdings in Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Graney & King LLC purchased a new position in Advanced Micro Devices in the 1st quarter worth approximately $31,000. Main Street Group LTD purchased a new position in Advanced Micro Devices in the 1st quarter worth approximately $33,000. Finally, Downshift Financial LLC lifted its holdings in Advanced Micro Devices by 850.0% in the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 51 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
Key Advanced Micro Devices News
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Higher analyst price target: Susquehanna raised its AMD target from $550 to $620 and maintained a positive rating, citing continued AI and data-center momentum. Wedbush also reaffirmed an Outperform rating with a $600 target.
- Positive Sentiment: Expanding AI infrastructure footprint: Vultr plans to deploy AMD Instinct MI355X GPUs in a 20-megawatt supercluster in Chennai, India. The project would become India’s largest AMD Instinct deployment and strengthens AMD’s position in enterprise and sovereign AI computing. Vultr and AMD Expand Global Collaboration
- Positive Sentiment: Long-term AI opportunity: Coverage highlighted AMD’s planned $8.2 billion investment in emerging AI applications such as robotics, simulation and physical AI. Analysts also view AMD’s server CPU business as a beneficiary of agentic-AI growth, while Anthropic’s large computing commitments reinforce expectations for sustained infrastructure spending.
- Positive Sentiment: Sector tailwinds: Strong updates from Super Micro Computer and SpaceX helped ease concerns about an AI-spending slowdown, lifting major semiconductor names. AMD also contributed to gains in the Nasdaq-100 and broad-market ETFs. Why Nvidia, AMD and Intel Stocks Are Surging
- Neutral Sentiment: Competitive positioning: Investor coverage continues to compare AMD with Nvidia, emphasizing AMD’s exposure to CPUs, GPUs and data-center infrastructure as potential ways to benefit from an AI buildout that may have several years left to run.
- Negative Sentiment: Valuation and earnings risk: AMD has risen sharply this year and trades at a demanding earnings multiple. Investors are focused on the November 3 quarterly report, with the stock vulnerable to disappointment in revenue growth, margins or AI demand guidance. After a 137% Run, Is AMD Priced for Perfection?
- Negative Sentiment: Insider selling: EVP Forrest Norrod sold 17,262 shares worth about $9.3 million under a pre-arranged Rule 10b5-1 plan. Because he retained a substantial position, the transaction is a limited rather than decisive negative signal.
Insider Activity at Advanced Micro Devices
In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,262 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the transaction, the executive vice president owned 353,317 shares in the company, valued at $191,038,501.90. This trade represents a 4.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred 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 in the company, valued at approximately $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 sold 231,100 shares of company stock valued at $114,867,400 in the last 90 days. 0.50% of the stock is currently owned by insiders.
Advanced Micro Devices Trading Up 3.4%
Shares of Advanced Micro Devices stock opened at $552.72 on Thursday. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $541.00 and a 200-day moving average price of $481.17. The firm has a market cap of $902.30 billion, a price-to-earnings ratio of 142.09, a PEG ratio of 5.49 and a beta of 2.45.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its earnings results 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 firm had revenue of $11.54 billion for 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 revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. KeyCorp set a $650.00 price target on Advanced Micro Devices in a research note on Wednesday, August 5th. TD Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Monday. CLSA reiterated an “outperform” rating and set a $710.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, September 9th. Wedbush reissued an “outperform” rating and issued a $600.00 target price on shares of Advanced Micro Devices in a report on Tuesday. Finally, Argus boosted their target price on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $606.76.
Get Our Latest Stock Report on AMD
Advanced Micro Devices Company 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.
Featured Stories
- Five stocks we like better than Advanced Micro Devices
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report).
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.
