Advanced Micro Devices, Inc. $AMD Holdings Increased by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors increased its AMD stake by 27% in the third quarter, acquiring 3,151 additional shares and bringing its holdings to 14,809 shares valued at approximately $9.2 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD insiders sold 213,838 shares worth about $105.5 million over the past 90 days, while insider ownership stands at just 0.50%. Two executive sales cited in the filing were made under a Rule 10b5-1 plan or to cover tax obligations.
• Wall Street maintains a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $603.51. AMD recently beat quarterly earnings and revenue estimates, but its premium valuation and broader concerns about AI spending and rising interest rates remain risks.

Turtle Creek Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 27.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,809 shares of the semiconductor manufacturer's stock after acquiring an additional 3,151 shares during the quarter. Turtle Creek Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $9,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Advanced Micro Devices in the third quarter worth approximately $29,000. JNBA Financial Advisors grew its holdings in Advanced Micro Devices by 142.9% in the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock valued at $30,000 after purchasing an additional 30 shares during the period. Graney & King LLC purchased a new stake in Advanced Micro Devices in the first quarter valued at approximately $31,000. Main Street Group LTD acquired a new position in Advanced Micro Devices during the first quarter worth approximately $33,000. Finally, Downshift Financial LLC increased its position in Advanced Micro Devices by 850.0% during the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock worth $35,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,261 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 363,317 shares in the company, valued at $182,766,616.85. This represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the transaction, the executive vice president owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. This represents a 11.30% decrease in their position. The SEC filing for this sale provides additional information. 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 in the last ninety days. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMD. Piper Sandler started coverage on shares of Advanced Micro Devices in a research note on Tuesday, September 15th. They set an "overweight" rating and a $600.00 price target on the stock. BMO Capital Markets began coverage on shares of Advanced Micro Devices in a report on Thursday, August 20th. They issued an "outperform" rating and a $550.00 price target on the stock. Jefferies Financial Group set a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. TD Cowen restated a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group upped their price objective on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a "buy" rating in a report on Monday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $603.51.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $562.23 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year 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 debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The company has a market capitalization of $917.82 billion, a price-to-earnings ratio of 144.53, a PEG ratio of 5.90 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company's revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.45 EPS for the current fiscal year.

Key Stories Impacting Advanced Micro Devices

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.