Salem Investment Counselors Inc. Sells 11,410 Shares of Advanced Micro Devices, Inc. $AMD

Salem Investment Counselors Inc. lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.4% in the third quarter, Holdings Channel.com reports. The fund owned 250,873 shares of the semiconductor manufacturer’s stock after selling 11,410 shares during the quarter. Advanced Micro Devices makes up approximately 3.8% of Salem Investment Counselors Inc.’s portfolio, making the stock its 7th biggest holding. Salem Investment Counselors Inc.’s holdings in Advanced Micro Devices were worth $153,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE acquired a new stake in shares of Advanced Micro Devices in the second quarter worth approximately $7,022,226,000. BlackRock Inc. raised its stake in Advanced Micro Devices by 3.1% in the 2nd 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 last quarter. Jupiter Topco LLC acquired a new position in Advanced Micro Devices in the 2nd quarter valued at $2,084,651,000. Wellington Management Group LLP raised its stake in Advanced Micro Devices by 33.9% in the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock valued at $5,422,444,000 after purchasing an additional 2,365,419 shares during the last quarter. Finally, State Street Corp lifted its holdings in Advanced Micro Devices by 2.9% in the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after purchasing an additional 2,149,563 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the sale, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This represents a 8.52% decrease in their position. The sale was disclosed in a filing 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, EVP Forrest Norrod sold 17,261 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total value of $8,683,146.05. Following the completion of the sale, the executive vice president directly owned 363,317 shares of the company’s stock, valued at $182,766,616.85. This trade represents a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 213,838 shares of company stock valued at $105,533,836 in the last three months. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMD. CLSA restated an “outperform” rating and issued a $710.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, September 9th. 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 report on Tuesday, October 6th. Loop Capital upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Robert W. Baird set a $1,250.00 price target on shares of Advanced Micro Devices in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $603.51.

Key Advanced Micro Devices News

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

• Positive Sentiment: Scaleway selected AMD for a new AI supercomputer in Sweden, providing evidence of customer adoption for AMD’s data-center GPUs and supporting its effort to compete with Nvidia in AI infrastructure. Scaleway to build AMD-powered AI supercomputer in Sweden
• Positive Sentiment: AMD’s Helion open rack blueprint combines EPYC CPUs and Instinct GPUs for agentic-AI workloads and is expected to be available in November. The platform could help AMD sell broader rack-scale systems rather than individual chips. AMD unveils Helion open rack blueprint for agentic AI
• Positive Sentiment: Fermi’s shares surged after announcing AMD financial support and a partnership, highlighting potential demand for AMD-powered computing in energy and AI infrastructure projects. Fermi partnership with AMD
• Neutral Sentiment: Market commentators remain constructive on semiconductor demand. Jim Cramer cited strong chip demand, while analysts highlighted AMD’s CPU growth potential; these views support the long-term outlook but do not immediately change earnings estimates. Jim Cramer on semiconductor stocks
• Negative Sentiment: AMD is being pulled lower by sector-wide profit-taking and risk concerns. Investors are worried that tighter financing could slow AI data-center expansion, while China’s growing semiconductor capabilities intensify competition. Why Intel and AMD stocks are falling
• Negative Sentiment: Valuation remains a key risk. After a substantial rally, AMD trades at a very high earnings multiple, leaving the stock vulnerable if AI revenue growth or customer spending falls short of expectations. Reports that a Trump-linked investment team sold AMD shares in August may also weigh on sentiment, although the sale is not a current company fundamental. Trump investment team AMD sale

Advanced Micro Devices Price Performance

AMD stock opened at $605.53 on Wednesday. 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 business has a 50 day simple moving average of $532.88 and a 200-day simple moving average of $466.70. The firm has a market capitalization of $988.51 billion, a PE ratio of 155.66, a price-to-earnings-growth ratio of 6.15 and a beta of 2.45. 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) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s revenue for the quarter was up 50.1% on a year-over-year basis. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current fiscal 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.