31,105 Advanced Micro Devices, Inc. $AMD Shares Acquired by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC increased its AMD stake by 746.5% in the third quarter, purchasing 31,105 additional shares and bringing its holdings to 35,272 shares valued at approximately $21.6 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $603.51; Stifel recently raised its target to $700. AMD also reported quarterly revenue growth of 50.1% and exceeded earnings and revenue estimates.
• Despite strengthening AI opportunities, including software gains and new data-center initiatives, AMD faces risks from high valuation, AI-infrastructure financing concerns, competition and insider selling. The stock opened at $570.82, with a market capitalization of about $931.9 billion and a P/E ratio of 146.74.

Sanders Morris Harris LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 746.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,272 shares of the semiconductor manufacturer's stock after buying an additional 31,105 shares during the period. Advanced Micro Devices comprises about 2.9% of Sanders Morris Harris LLC's holdings, making the stock its 7th largest position. Sanders Morris Harris LLC's holdings in Advanced Micro Devices were worth $21,633,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AMD. BlackRock Inc. raised its position in Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares during the last quarter. State Street Corp lifted its holdings in shares of Advanced Micro Devices by 2.9% in the second 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. Invesco Ltd. lifted its holdings in shares of Advanced Micro Devices by 15.9% in the fourth quarter. Invesco Ltd. now owns 15,473,280 shares of the semiconductor manufacturer's stock valued at $3,313,758,000 after purchasing an additional 2,124,867 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $7,022,226,000. Finally, Jennison Associates LLC grew its position in shares of Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock valued at $5,793,388,000 after purchasing an additional 545,575 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMD shares. Melius Research set a $660.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 24th. Stifel Nicolaus upped their target price on Advanced Micro Devices from $635.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, October 5th. Morgan Stanley increased their target price on Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. BMO Capital Markets began coverage on Advanced Micro Devices in a report on Thursday, August 20th. They set an "outperform" rating and a $550.00 target price on the stock. Finally, KeyCorp set a $650.00 price target on Advanced Micro Devices in a research report on Wednesday, August 5th. Three 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $603.51.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD’s AI positioning continues to strengthen. SemiAnalysis reportedly found that software improvements are helping AMD narrow NVIDIA’s AI-inference advantage without requiring new chips. AMD also introduced its Helios open-rack platform for agentic AI, with CPU-only and GPU configurations planned for availability in November. AMD Challenges Nvidia's AI Inference Lead AMD Helion Blueprint
• Positive Sentiment: AMD’s credit support for Fermi’s 222-megawatt Texas data-center lease could help ensure power availability for future AI deployments and chip demand. The broader project may eventually support up to 650 megawatts, although the arrangement also exposes AMD to infrastructure-related execution risk. Fermi Partnership With AMD
• Neutral Sentiment: AMD is reportedly acquiring World Labs, an AI startup led by Fei-Fei Li, in an all-stock transaction valued at approximately $8.2 billion. The technology could support 3D-world generation and robotics training, but the deal adds integration and valuation considerations. AMD World Labs Acquisition
• Negative Sentiment: CoreWeave’s bond selloff raised concerns that heavily leveraged AI infrastructure operators may struggle to finance expansion or generate adequate returns. That prompted investors to question future demand for AMD and other AI accelerators. AMD Stock Takes a Bigger Hit as Cracks Emerge in the AI Trade
• Negative Sentiment: A hotter-than-expected September inflation report increased interest-rate and financing concerns, while reports of an OpenAI revenue reset, elevated semiconductor valuations and intensifying Chinese competition added pressure. AMD’s roughly 183% year-to-date advance and premium earnings multiple leave the stock vulnerable to profit-taking. Why AMD Stock Is Falling

Insider Activity

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,993 shares of the business's stock in a transaction on 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 directly owned 26,623 shares in the company, valued at approximately $13,010,393.87. The trade was a 10.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the 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 transaction, the executive vice president directly owned 363,317 shares in the company, valued at approximately $182,766,616.85. This represents a 4.54% 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. Insiders have sold 213,838 shares of company stock valued at $105,533,836 in the last 90 days. Insiders own 0.50% of the company's stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $570.82 on Thursday. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The stock has a market capitalization of $931.85 billion, a P/E ratio of 146.74, a P/E/G ratio of 6.26 and a beta of 2.45. The firm's 50-day moving average is $534.65 and its two-hundred day moving average is $469.28. 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 (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.48 earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current year.

About Advanced Micro Devices

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.

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