6,000 Advanced Micro Devices, Inc. $AMD Shares Sold by Adams Diversified Equity Fund Inc.

Key Points

• Adams Diversified Equity Fund reduced its AMD stake by 4.7%, selling 6,000 shares during the third quarter and retaining 122,000 shares valued at approximately $74.6 million. Institutional investors collectively own 71.34% of AMD.
• AMD insiders sold 231,100 shares worth about $114.9 million over the past 90 days, including sales by CEO Lisa Su and EVP Mark Papermaster under pre-arranged Rule 10b5-1 plans.
• Despite AMD shares opening at $507.93 after an 8.1% decline, analysts maintained a broadly positive outlook, with a consensus “Moderate Buy” rating and average price target of $606.76. The company’s latest quarterly results exceeded expectations, with revenue up 50.1% year over year.

Adams Diversified Equity Fund Inc. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,000 shares of the semiconductor manufacturer's stock after selling 6,000 shares during the quarter. Advanced Micro Devices comprises 2.2% of Adams Diversified Equity Fund Inc.'s investment portfolio, making the stock its 10th biggest position. Adams Diversified Equity Fund Inc.'s holdings in Advanced Micro Devices were worth $74,635,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Trust Co of the South grew its position in Advanced Micro Devices by 1.1% in the 3rd quarter. Trust Co of the South now owns 1,765 shares of the semiconductor manufacturer's stock valued at $1,080,000 after acquiring an additional 19 shares in the last quarter. Precedent Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 10.4% during the third quarter. Precedent Wealth Partners LLC now owns 2,253 shares of the semiconductor manufacturer's stock worth $1,378,000 after purchasing an additional 213 shares in the last quarter. Boothe Investment Group Inc. lifted its position in shares of Advanced Micro Devices by 1.0% during the third quarter. Boothe Investment Group Inc. now owns 16,245 shares of the semiconductor manufacturer's stock worth $9,938,000 after purchasing an additional 163 shares in the last quarter. E. Ohman J or Asset Management AB boosted its stake in shares of Advanced Micro Devices by 141.9% in the third quarter. E. Ohman J or Asset Management AB now owns 139,164 shares of the semiconductor manufacturer's stock valued at $85,135,000 after purchasing an additional 81,640 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Advanced Micro Devices by 31.0% in the third quarter. Pinnacle Bancorp Inc. now owns 1,086 shares of the semiconductor manufacturer's stock valued at $664,000 after purchasing an additional 257 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Buying and Selling

In related news, CEO Lisa Su sold 70,000 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the sale, the chief executive officer owned 3,032,156 shares in the company, valued at $1,536,696,660.80. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the transaction, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 231,100 shares of company stock valued at $114,867,400 in the last 90 days. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMD. Jefferies Financial Group set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. William Blair reiterated a "market perform" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. The Goldman Sachs Group raised their price target on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the company a "buy" rating in a research report on Monday, July 6th. TD Cowen restated a "buy" rating on shares of Advanced Micro Devices in a research note on Monday. Finally, Wells Fargo & Company boosted their price target on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a research note 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $606.76.

Advanced Micro Devices Stock Down 8.1%

AMD stock opened at $507.93 on Friday. The company's 50 day moving average price is $541.49 and its 200 day moving average price is $483.21. The firm has a market capitalization of $829.18 billion, a price-to-earnings ratio of 116.12, a PEG ratio of 5.67 and a beta of 2.45. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. 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 results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The company 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 firm's quarterly revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD continues to receive support from expected long-term AI demand. Vultr is expanding its AMD-powered infrastructure with a 20-megawatt MI355X GPU supercluster in India, while additional physical-AI and robotics projects could broaden the company’s opportunity beyond traditional data centers. Vultr and AMD Expand Global Collaboration
• Positive Sentiment: Analyst support remains a counterweight to the sell-off. Susquehanna raised its AMD price target from $550 to $620 with a positive rating, and Wedbush reaffirmed an Outperform view, citing server CPU demand and potential data-center upside. Susquehanna AMD price target
• Neutral Sentiment: Nvidia’s planned standalone CPU and Supermicro’s 256-CPU Vera rack highlight growing competition in a market historically led by AMD and Intel. The development validates demand for CPUs in agentic AI workloads but could pressure AMD’s competitive position. Nvidia enters the CPU market
• Negative Sentiment: Renewed attacks in Saudi Arabia pushed oil prices higher, intensifying inflation and interest-rate concerns. Higher financing costs could make the capital-intensive AI infrastructure build-out more difficult to sustain, particularly as Meta’s cash spending caused investors to question the durability of the AI boom. Why AMD Stock Fell
• Negative Sentiment: A broader chip sell-off was amplified by supply-chain warnings and weakness in the PC market, overshadowing bullish AI data-center forecasts. Investors are also cautious because AMD has already experienced substantial gains and trades at a demanding valuation, leaving less room for disappointing guidance. AMD stock drops in chip sell-off

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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