32,954 Advanced Micro Devices, Inc. $AMD Shares Purchased by Artemis Investment Management LLP

Key Points

• Artemis Investment Management increased its AMD position by 18.3% in the third quarter, purchasing 32,954 shares for a total holding of 213,096 shares valued at approximately $130.4 million. Institutional investors collectively own 71.34% of AMD.
• Analyst sentiment remains positive, with AMD receiving a consensus “Moderate Buy” rating and an average price target of $585.26, although targets vary widely. The company’s strong latest quarter featured 50.1% year-over-year revenue growth and earnings that exceeded expectations.
• AMD faces significant valuation and execution risks despite robust AI demand: shares trade at a high P/E ratio of 159.53, insiders have sold more than $105 million of stock over 90 days, and upcoming third-quarter results on November 3 will test expectations for AI accelerator growth.

Artemis Investment Management LLP lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 18.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 213,096 shares of the semiconductor manufacturer's stock after purchasing an additional 32,954 shares during the period. Advanced Micro Devices accounts for approximately 1.0% of Artemis Investment Management LLP's portfolio, making the stock its 29th largest position. Artemis Investment Management LLP's holdings in Advanced Micro Devices were worth $130,364,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Southpoint Capital Advisors LP increased its position in shares of Advanced Micro Devices by 50.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after purchasing an additional 300,000 shares during the last quarter. Boomfish Wealth Group LLC bought a new stake in Advanced Micro Devices during the first quarter valued at approximately $1,193,000. Dimensional Fund Advisors LP grew its position in Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock valued at $1,045,954,000 after buying an additional 291,165 shares during the period. Lord Abbett & CO. LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $100,834,000. Finally, Ferguson Wellman Capital Management Inc. raised its position in Advanced Micro Devices by 6,968.7% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock worth $85,995,000 after acquiring an additional 138,328 shares during the period. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Robert W. Baird set a $1,250.00 price target on shares of Advanced Micro Devices in a research note on Friday, July 24th. Mizuho lifted their target price on Advanced Micro Devices from $580.00 to $705.00 and gave the company an "outperform" rating in a research report on Tuesday. CLSA reissued an "outperform" rating and set a $710.00 price target on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Weiss Ratings restated a "hold (c+)" rating on shares of Advanced Micro Devices in a research report on Monday, August 3rd. Finally, BMO Capital Markets began coverage on Advanced Micro Devices in a research note on Thursday, August 20th. They issued an "outperform" rating and a $550.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $585.26.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Analyst optimism remains a major support. BNP Paribas raised its price target to $960 from $600, while Citi lifted its target to $800 from $575 and maintained a Buy rating. Analysts see additional upside if AMD successfully expands across CPUs, AI accelerators and inference-focused chips. AMD Stock Isn’t Undervalued, but Wall Street May Be Underestimating a Key Opportunity
• Positive Sentiment: AI infrastructure demand continues to look robust. TSMC reported third-quarter revenue of approximately $46.7 billion, up 50% year over year, signaling sustained demand for advanced processors, including AMD products. AMD also expects a substantial increase in manufacturing capacity in 2027 to address demand for AI processors and CPUs. Nvidia, AMD, Intel stocks despite record AI demand
• Positive Sentiment: Supply-chain and strategic partnerships could improve execution. CEO Lisa Su’s meetings with Samsung and SK Hynix reportedly focused on memory supply, foundry cooperation and broader AI collaboration. AMD’s relationship with Core Scientific and AMD-powered servers from Hewlett Packard Enterprise also reinforce the company’s data-center opportunity. AMD CEO says continues to explore foundry partnership with Samsung Electronics
• Neutral Sentiment: Investors now have a clear catalyst. AMD will report fiscal third-quarter results after the market close on November 3, 2026. Results, guidance and commentary on AI accelerator shipments will be important tests of the optimistic price targets. AMD to Report Fiscal Third Quarter 2026 Financial Results
• Negative Sentiment: Valuation and execution risks are limiting enthusiasm. Critics argue that AMD’s valuation already assumes successful large-scale deployment of products such as Helios, while the company must still convert customer commitments into recurring revenue and stronger cash flow. Potential dilution from warrants issued to Meta and OpenAI is another risk.
• Negative Sentiment: Macro pressure is weighing on high-growth technology shares. Rising Treasury yields and concerns that the AI trade has become overextended have pressured AMD and other chip stocks, even after TSMC delivered strong results.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $22.84 on Thursday, reaching $623.02. 9,673,677 shares of the company's stock traded hands, compared to its average volume of 32,524,732. The stock has a 50-day simple moving average of $523.60 and a 200-day simple moving average of $455.44. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The firm has a market cap of $1.02 trillion, a PE ratio of 159.53, a P/E/G ratio of 6.73 and a beta of 2.45. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion during 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 firm's revenue was up 50.1% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 70,000 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the transaction, the chief executive officer owned 3,032,156 shares of the company's stock, valued at approximately $1,536,696,660.80. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president directly owned 117,687 shares of the company's stock, valued at $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 213,838 shares of company stock worth $105,533,836 over the last ninety days. 0.50% of the stock is owned by company insiders.

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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