13,995 Advanced Micro Devices, Inc. $AMD Shares Purchased by Partners Wealth Management LLC

Key Points

• Partners Wealth Management increased its AMD stake by 793.8% in the third quarter, purchasing 13,995 additional shares for a total of 15,758 shares valued at approximately $9.64 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD reported strong recent results, with quarterly revenue up 50.1% year over year and earnings topping estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $607.57, supported by demand for EPYC server processors and Instinct AI accelerators.
• Valuation and execution risks remain significant: AMD trades at a high price-to-earnings ratio of 145.61, while analysts cite potential supply constraints, rising manufacturing costs and elevated expectations ahead of the company’s November 3 earnings report.

Partners Wealth Management LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 793.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,758 shares of the semiconductor manufacturer's stock after acquiring an additional 13,995 shares during the quarter. Advanced Micro Devices makes up approximately 1.0% of Partners Wealth Management LLC's investment portfolio, making the stock its 18th largest position. Partners Wealth Management LLC's holdings in Advanced Micro Devices were worth $9,640,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Blueprint Investment Partners LLC bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $6,680,000. Harbour Trust & Investment Management Co increased its position in Advanced Micro Devices by 2.4% during the 3rd quarter. Harbour Trust & Investment Management Co now owns 1,869 shares of the semiconductor manufacturer's stock worth $1,143,000 after purchasing an additional 43 shares in the last quarter. Bosman Wealth Management LLC increased its position in Advanced Micro Devices by 14.4% during the 3rd quarter. Bosman Wealth Management LLC now owns 9,775 shares of the semiconductor manufacturer's stock worth $5,980,000 after purchasing an additional 1,231 shares in the last quarter. Choreo LLC lifted its stake in Advanced Micro Devices by 9.4% in the 3rd quarter. Choreo LLC now owns 41,075 shares of the semiconductor manufacturer's stock valued at $25,128,000 after purchasing an additional 3,530 shares during the last quarter. Finally, Argentarii LLC lifted its stake in Advanced Micro Devices by 1.1% in the 3rd quarter. Argentarii LLC now owns 3,038 shares of the semiconductor manufacturer's stock valued at $1,859,000 after purchasing an additional 34 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD expanded its partnership with Meta Platforms, including a planned $1 billion investment in Meta and multi-generation co-design of Instinct GPUs, EPYC processors and Helios rack-scale systems. The agreement covers Meta’s gigawatt-scale AI infrastructure and could support significant future chip demand. AMD Meta partnership article
• Positive Sentiment: Meta’s deployment of AMD hardware for AI models, along with reported agreements involving OpenAI and Anthropic, reinforces AMD’s position as a major alternative to Nvidia in the data-center accelerator market. AMD AI partnership article
• Positive Sentiment: Analysts expect AMD’s upcoming third-quarter results and outlook to benefit from continued demand for EPYC server CPUs and Instinct AI accelerators. Susquehanna also raised its price target to $650 and maintained a positive rating. AMD earnings preview
• Neutral Sentiment: AMD is scheduled to report earnings on November 3. After a powerful year-to-date rally, investors will likely focus less on a quarterly beat and more on 2027 data-center revenue expectations, supply availability, margins and forward guidance. AMD valuation and earnings article
• Negative Sentiment: Jefferies warned that AMD’s demanding valuation and potential supply constraints could limit near-term upside, even if the company beats estimates and raises guidance. Taiwan Semiconductor’s higher wafer and advanced-packaging prices also create a potential margin risk for AMD. Jefferies AMD outlook
• Negative Sentiment: Semiconductor stocks came under pressure after Alphabet’s results highlighted the enormous expense of AI infrastructure, while lighter-than-expected spending signals from major technology companies raised concerns about the sustainability and returns of the AI investment cycle. AI infrastructure market reaction
• Negative Sentiment: AMD’s valuation leaves little room for disappointment after its substantial rally, and ARK Invest’s continued reduction of its AMD position adds a modest negative sentiment signal.

Advanced Micro Devices Stock Down 2.1%

Shares of NASDAQ AMD opened at $566.42 on Friday. The company has a 50 day simple moving average of $547.58 and a 200 day simple moving average of $407.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The firm has a market cap of $924.67 billion, a PE ratio of 145.61, a price-to-earnings-growth ratio of 5.94 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share 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 firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same period in the previous year, the firm posted $0.48 EPS. The company's revenue for the quarter was up 50.1% compared to the same quarter last year. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Roth Capital raised their target price on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, July 24th. CLSA reiterated an "outperform" rating and set a $710.00 price target on shares of Advanced Micro Devices in a report on Wednesday, September 9th. William Blair reiterated a "market perform" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Piper Sandler began coverage on Advanced Micro Devices in a research note on Tuesday, September 15th. They issued an "overweight" rating and a $600.00 price target for the company. Finally, Mizuho raised their price objective on Advanced Micro Devices from $580.00 to $705.00 and gave the company an "outperform" rating in a report on Tuesday, October 6th. Three 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $607.57.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Norrod sold 17,262 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the sale, the executive vice president directly owned 353,317 shares in the company, valued at $191,038,501.90. This represents a 4.66% decrease in their ownership of the stock. The transaction 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 Paul Grasby sold 15,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 231,100 shares of company stock valued at $114,867,400 in the last quarter. Insiders own 0.50% of the company's stock.

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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