Professional Advisory Services Inc. Cuts Stock Holdings in Advanced Micro Devices, Inc. $AMD

Professional Advisory Services Inc. lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.0% in the third quarter, HoldingsChannel reports. The fund owned 42,916 shares of the semiconductor manufacturer’s stock after selling 8,151 shares during the quarter. Advanced Micro Devices makes up approximately 3.1% of Professional Advisory Services Inc.’s holdings, making the stock its 15th largest holding. Professional Advisory Services Inc.’s holdings in Advanced Micro Devices were worth $26,254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMD. Financial Enhancement Group LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter worth approximately $222,000. Conrad Siegel Investment Advisors Inc. raised its position in Advanced Micro Devices by 6.2% in the 3rd quarter. Conrad Siegel Investment Advisors Inc. now owns 599 shares of the semiconductor manufacturer’s stock valued at $366,000 after buying an additional 35 shares during the last quarter. Hamilton Capital LLC lifted its stake in Advanced Micro Devices by 233.1% during the 3rd quarter. Hamilton Capital LLC now owns 2,851 shares of the semiconductor manufacturer’s stock valued at $1,744,000 after acquiring an additional 1,995 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Advanced Micro Devices by 4.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 86,117 shares of the semiconductor manufacturer’s stock worth $53,032,000 after acquiring an additional 3,567 shares during the last quarter. Finally, Meadowbrook Wealth Management LLC bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $595,000. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the senior vice president owned 26,623 shares of the company’s stock, valued at approximately $13,010,393.87. This represents 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. Over the last three months, insiders have sold 213,838 shares of company stock worth $105,533,836. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. BMO Capital Markets began coverage on Advanced Micro Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price for the company. Roth Capital lifted their price target on Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, July 24th. UBS Group reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Finally, Stifel Nicolaus boosted their price target on shares of Advanced Micro Devices from $635.00 to $700.00 and gave the stock a “buy” rating in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $585.26.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD’s data-center revenue reportedly increased 107% year over year to $6.7 billion, underscoring strong demand for its AI accelerators and server processors. Global AI infrastructure spending is also expected to remain substantial. AMD Stock: Drops Despite Record Revenue and Surging AI Data Center Demand
• Positive Sentiment: TSMC reported record quarterly revenue, up 50% year over year, signaling that demand for advanced chips used by AMD and other AI companies remains robust. Nvidia, AMD, Intel Stocks Despite Record AI Demand
• Positive Sentiment: CEO Lisa Su’s meetings with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. AMD CEO Says Continues to Explore Foundry Partnership With Samsung
• Positive Sentiment: Analysts remain constructive: BNP Paribas identified further upside from AMD’s CPU, AI accelerator and inference-chip opportunities, while Citi recently raised its price target. AMD Stock Isn’t Undervalued, but Wall Street May Be Underestimating a Key Opportunity
• Neutral Sentiment: AMD scheduled its third-quarter earnings report for November 3. Investors may remain cautious ahead of the release, which will provide an important test of AI demand, supply expansion and forward guidance. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher bond yields and oil prices are pressuring richly valued growth and AI stocks, prompting investors to rotate out of semiconductor names across the sector. Why Are Intel and AMD Stocks Plunging on Thursday?
• Negative Sentiment: AMD’s valuation leaves little room for execution setbacks after its sharp rally. Concerns include whether future AI commitments will translate into repeat deployments, cash flow and sustainable margins. AMD’s Valuation Is Starting to Ruffle Feathers on Wall Street
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases over the past six months, adding to investor caution even though such sales may reflect scheduled diversification.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $25.18 on Thursday, reaching $620.68. 23,402,461 shares of the company’s stock were exchanged, compared to its average volume of 32,602,393. The firm has a market cap of $1.01 trillion, a price-to-earnings ratio of 159.56, a P/E/G ratio of 6.73 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 has a fifty day simple moving average of $526.31 and a 200-day simple moving average of $458.39. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Advanced Micro Devices Company Profile

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.