1,547 Advanced Micro Devices, Inc. $AMD Shares Sold by Absolute Capital Management LLC

Key Points

• Absolute Capital Management cut its AMD position by 55.5% in the third quarter, selling 1,547 shares and retaining 1,240 shares valued at approximately $759,000. Institutional investors collectively own 71.34% of AMD.
• Wall Street remains broadly optimistic, with a consensus rating of “Moderate Buy” and an average price target of $603.51. Recent targets range from $550 to $700.
• AMD reported quarterly earnings of $1.66 per share and revenue of $11.54 billion, exceeding estimates, while revenue increased 50.1% year over year. However, insiders sold 213,838 shares worth about $105.5 million during the last quarter.

Absolute Capital Management LLC lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 55.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,240 shares of the semiconductor manufacturer's stock after selling 1,547 shares during the period. Absolute Capital Management LLC's holdings in Advanced Micro Devices were worth $759,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Advanced Micro Devices during the 3rd quarter valued at approximately $29,000. JNBA Financial Advisors lifted its position in shares of 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 during the period. Graney & King LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter worth approximately $31,000. Main Street Group LTD acquired a new position in shares of Advanced Micro Devices in the 1st quarter worth approximately $33,000. Finally, Downshift Financial LLC boosted its stake in shares of Advanced Micro Devices by 850.0% in the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock valued at $35,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of analyst reports. KeyCorp set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Rosenblatt Securities restated a "buy" rating and issued a $700.00 target price on shares of Advanced Micro Devices in a report on Tuesday, September 29th. Piper Sandler began coverage on shares of Advanced Micro Devices in a research report on Tuesday, September 15th. They set an "overweight" rating and a $600.00 price target on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, DA Davidson increased their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Three investment 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $603.51.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $528.75 on Monday. The firm has a market capitalization of $863.17 billion, a P/E ratio of 135.93, a P/E/G ratio of 5.43 and a beta of 2.45. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The stock has a 50 day moving average price of $537.02 and a two-hundred day moving average price of $474.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. The business 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% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current fiscal year.

More Advanced Micro Devices News

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

• Positive Sentiment: Arete raised its AMD price target to $612 from $540, while recent commentary highlighted the company’s expanding data-center business, AI accelerator opportunity and open Helion rack-scale architecture. Arete Adjusts Price Target on Advanced Micro Devices
• Positive Sentiment: AMD’s credit-support agreement for Fermi’s Texas data-center power lease is viewed as a potential AI infrastructure catalyst, although Fermi still faces liquidity and lease-related risks. AMD's Support Could Help Fermi Stock
• Neutral Sentiment: ETF investors were net sellers of AMD on October 14, adding to short-term trading pressure but offering little insight into the company’s operating outlook. ETFs Are Net Sellers of AMD
• Negative Sentiment: A broad semiconductor selloff intensified after a Qualcomm jury verdict, with Arm, AMD and Taiwan Semiconductor declining together. Investors are questioning whether AI infrastructure spending can sustain current expectations, particularly as elevated interest rates pressure richly valued growth stocks. Arm and AMD Fall as Qualcomm Verdict Adds to Chip Selloff
• Negative Sentiment: Analysts and investors are also reassessing AMD’s elevated valuation, AI financing risks and the sustainability of extremely high data-center spending. Reports of widespread insider selling may further weigh on sentiment, even though institutional ownership remains substantial. AMD Slides as Chip Selloff Continues

Insider Buying and Selling

In other Advanced Micro Devices news, 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 in the company, valued at $13,010,393.87. This trade represents a 10.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 that occurred 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 directly owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. 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 worth $105,533,836 in the last quarter. 0.50% of the stock is currently owned by company insiders.

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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