1,077 Advanced Micro Devices, Inc. $AMD Shares Sold by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors reduced its AMD stake by 3.2%, selling 1,077 shares and retaining 32,258 shares valued at approximately $19.7 million. Institutional investors collectively own 71.34% of AMD.
• AMD insiders sold 231,100 shares worth approximately $114.9 million over the past three months, including sales by executives Forrest Norrod and Jean X. Hu under pre-arranged Rule 10b5-1 plans.
• AMD reported strong quarterly results, with revenue up 50.1% year over year to $11.54 billion and EPS of $1.66, beating estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $606.76, though AMD’s high valuation and competitive risks remain concerns.

Fifth Third Wealth Advisors LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,258 shares of the semiconductor manufacturer's stock after selling 1,077 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $19,734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. First Citizens Financial Corp boosted its holdings in Advanced Micro Devices by 3.4% in the third quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock worth $300,000 after acquiring an additional 16 shares in the last quarter. Fearless Solutions LLC dba Best Invest increased its holdings in shares of Advanced Micro Devices by 1.5% during the third quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer's stock valued at $718,000 after acquiring an additional 17 shares in the last quarter. Private Client Services LLC increased its holdings in shares of Advanced Micro Devices by 1.7% during the third quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer's stock valued at $660,000 after acquiring an additional 18 shares in the last quarter. Box Hill Private Wealth LLC raised its position in shares of Advanced Micro Devices by 2.5% in the 3rd quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock valued at $486,000 after purchasing an additional 19 shares during the last quarter. Finally, Trust Co of the South raised its position in shares of Advanced Micro Devices by 1.1% in the 3rd quarter. Trust Co of the South now owns 1,765 shares of the semiconductor manufacturer's stock valued at $1,080,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Norrod sold 17,262 shares of the firm's stock in a transaction on Thursday, October 15th. The shares were 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 of the company's stock, valued at $191,038,501.90. This trade represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the transaction, the executive vice president owned 160,979 shares of the company's stock, valued at $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $516.79 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The business's 50 day moving average price is $541.54 and its 200 day moving average price is $483.45. 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 firm has a market cap of $843.64 billion, a P/E ratio of 132.85, a P/E/G ratio of 5.30 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same period last year, the firm posted $0.48 EPS. Advanced Micro Devices's revenue for the quarter was up 50.1% compared to the same quarter last year. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

Analysts Set New Price Targets

AMD has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $700.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, September 29th. Wedbush restated an "outperform" rating and set a $600.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, October 20th. Raymond James Financial upgraded shares of Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and upped their price target for the company from $565.00 to $641.00 in a research note on Tuesday, August 25th. William Blair reaffirmed a "market perform" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, UBS Group reiterated an "overweight" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Three equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $606.76.

More Advanced Micro Devices News

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

• Positive Sentiment: Analyst support is helping sentiment. AMD received an analyst upgrade, while Erste Group raised its FY2027 earnings estimate to $15.05 per share from $14.80. The company’s long-term earnings outlook is being supported by expectations for continued AI accelerator demand. AMD Stock Jumps Following Analyst Upgrade
• Positive Sentiment: AI growth remains the core bullish argument. Articles point to AMD’s hyperscaler contracts, data-center expansion and expected product cycles as potential drivers of substantial future revenue growth. AMD recently reported 50.1% year-over-year revenue growth, and analysts continue to debate whether its AI opportunity is being underestimated. AMD’s Potential May Be Underestimated
• Neutral Sentiment: Today’s strength follows a broad technology rebound. AMD and Intel recovered after a sharp semiconductor sell-off, while AMD also contributed to gains in the Invesco QQQ Trust. This suggests some of the buying reflects sector rotation and short-term dip buying rather than a change in AMD’s fundamentals. Why AMD and Intel Stocks Are Gaining
• Negative Sentiment: Valuation and execution risks remain significant. AMD has already risen sharply this year, and its high earnings multiple leaves little room for disappointment. Investors are focused on whether upcoming earnings and new AI products can validate the expectations embedded in the stock. AMD Stock Price Prediction
• Negative Sentiment: Competitive and macroeconomic pressures could limit upside. Nvidia is expanding into CPU systems traditionally dominated by AMD and Intel, while higher oil prices, interest rates and questions about AI infrastructure spending are weighing on the broader semiconductor trade. Nvidia Enters the CPU Market

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.

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