5,000 Advanced Micro Devices, Inc. $AMD Shares Sold by Viking Fund Management LLC

Key Points

• Viking Fund Management reduced its AMD position by 29.4%, selling 5,000 shares and retaining 12,000 shares valued at approximately $7.34 million. Institutional investors collectively own 71.34% of AMD.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $603.51; several firms recently raised their targets or upgraded the stock.
• AMD reported strong quarterly results, including $1.66 in EPS and $11.54 billion in revenue, up 50.1% year over year. However, its premium valuation, rising Treasury yields, broad semiconductor weakness and substantial insider selling present risks.

Viking Fund Management LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 29.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the semiconductor manufacturer's stock after selling 5,000 shares during the period. Viking Fund Management LLC's holdings in Advanced Micro Devices were worth $7,341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. HBW Advisory Services LLC lifted its stake in Advanced Micro Devices by 12.0% in the 3rd quarter. HBW Advisory Services LLC now owns 3,263 shares of the semiconductor manufacturer's stock valued at $1,996,000 after purchasing an additional 350 shares during the last quarter. KG Capital Management grew its holdings in Advanced Micro Devices by 4.5% during the third quarter. KG Capital Management now owns 1,632 shares of the semiconductor manufacturer's stock worth $998,000 after purchasing an additional 71 shares during the period. B.A. Schrock Wealth Management Inc. bought a new position in Advanced Micro Devices during the third quarter worth about $880,000. Howard Financial Services LTD. increased its position in Advanced Micro Devices by 17.3% during the third quarter. Howard Financial Services LTD. now owns 2,186 shares of the semiconductor manufacturer's stock worth $1,337,000 after buying an additional 322 shares during the last quarter. Finally, Ashurst Perkins Coie Trust Co increased its position in Advanced Micro Devices by 1.1% during the third quarter. Ashurst Perkins Coie Trust Co now owns 2,932 shares of the semiconductor manufacturer's stock worth $1,794,000 after buying an additional 33 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on AMD shares. Jefferies Financial Group set a $650.00 price objective on Advanced Micro Devices in a research note on Wednesday, August 5th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $540.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Raymond James Financial upgraded Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and increased their price target for the company from $565.00 to $641.00 in a research note on Tuesday, August 25th. Finally, Benchmark raised their price target on Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $603.51.

Advanced Micro Devices Trading Down 1.5%

Shares of NASDAQ:AMD opened at $562.23 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The business has a 50 day moving average of $536.11 and a 200-day moving average of $471.82. 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 stock has a market cap of $917.82 billion, a PE ratio of 144.53, a P/E/G ratio of 5.90 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate 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 business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the prior year, the company posted $0.48 earnings per share. Advanced Micro Devices's revenue was up 50.1% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current year.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD’s long-term AI opportunity remains a key bullish argument. Analysts point to strong demand for data-center processors and accelerators, improving AI-inference software, and the potential for agentic AI to drive substantial future compute demand. AMD’s Helion rack-scale architecture, developed with an open and modular approach, could broaden its role in AI infrastructure. What Does Advanced Micro Devices AMD Helion Mean For Its AI Ambitions?
• Positive Sentiment: A credit-support agreement connected to Fermi Inc.’s 222-megawatt Texas power lease for Project Matador may help advance AI data-center capacity and could support AMD’s ecosystem and infrastructure ambitions, although related liquidity and lease risks remain. AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
• Neutral Sentiment: TSMC reported record profits and described AI-chip demand as extremely robust, supporting the underlying demand backdrop for AMD. However, TSMC’s shares also weakened, showing that strong operating results are not currently overcoming broader risk aversion in chip stocks. TSMC Posts Record Profit Amid Extremely Robust Demand for AI Chips
• Negative Sentiment: Rising Treasury yields are increasing the discount rate applied to AMD’s future earnings and raising borrowing costs for AI customers. Fears that hyperscalers and other infrastructure buyers may struggle to finance planned projects have triggered a broad semiconductor sell-off. Rate Pressure vs. AI Demand
• Negative Sentiment: AMD’s sharp year-to-date advance and premium valuation have increased profit-taking risk. Reports also highlight extensive insider selling, with no reported open-market purchases in the cited six-month period, potentially reinforcing investor concerns about valuation and expectations. AMD Stock Surges 183% YTD: Time to Hold or Exit?
• Negative Sentiment: Concerns about an AI-spending reset intensified after weakness in AI-financing markets, including a sell-off in CoreWeave bonds. Investors are questioning whether AI demand, competitive pressure and infrastructure spending can justify current chip valuations. AMD Stock Takes a Bigger Hit as Cracks Emerge in the AI Trade

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa Su sold 25,000 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the completion of the sale, the chief executive officer owned 74,211 shares of the company's stock, valued at $37,609,392.69. The trade was a 25.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president 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 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 ninety days, insiders have sold 213,838 shares of company stock worth $105,533,836. Company insiders own 0.50% of the company's stock.

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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