Advanced Micro Devices, Inc. $AMD Position Boosted by Wedmont Private Capital

Key Points

• Wedmont Private Capital increased its AMD position by 10.7% in the third quarter, purchasing 3,004 additional shares for a total holding of 31,205 shares valued at approximately $19.8 million. Institutional investors collectively own 71.34% of AMD.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $585.26, although AMD faces valuation concerns after trading at a high price-to-free-cash-flow multiple.
• AMD’s latest quarterly results exceeded expectations, with revenue rising 50.1% year over year to $11.54 billion and EPS reaching $1.66. However, company insiders sold roughly $105.5 million of stock over the past 90 days, including sales by CEO Lisa Su and EVP Mark Papermaster.

Wedmont Private Capital lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,205 shares of the semiconductor manufacturer's stock after buying an additional 3,004 shares during the period. Wedmont Private Capital's holdings in Advanced Micro Devices were worth $19,831,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AMD. Intelligence Driven Advisers LLC lifted its stake in Advanced Micro Devices by 12.8% during the third quarter. Intelligence Driven Advisers LLC now owns 809 shares of the semiconductor manufacturer's stock valued at $495,000 after purchasing an additional 92 shares during the last quarter. Athena Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $858,000. Journey Retirement Planning & Investment Management LLC boosted its stake in shares of Advanced Micro Devices by 131.8% during the 3rd quarter. Journey Retirement Planning & Investment Management LLC now owns 1,875 shares of the semiconductor manufacturer's stock worth $1,147,000 after acquiring an additional 1,066 shares in the last quarter. Central Bank & Trust Co. grew its holdings in shares of Advanced Micro Devices by 43.1% in the 3rd quarter. Central Bank & Trust Co. now owns 3,157 shares of the semiconductor manufacturer's stock worth $1,931,000 after acquiring an additional 951 shares during the last quarter. Finally, WoodTrust Financial Corp raised its position in shares of Advanced Micro Devices by 289.9% during the third quarter. WoodTrust Financial Corp now owns 3,127 shares of the semiconductor manufacturer's stock worth $1,913,000 after purchasing an additional 2,325 shares during the period. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of analyst reports. Susquehanna lifted their price target on Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "positive" rating in a research note on Thursday, July 30th. Wall Street Zen raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Sunday, October 4th. Roth Capital upped their price target on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Jefferies Financial Group set a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Melius Research set a $660.00 target price on shares of Advanced Micro Devices in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $585.26.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 70,000 shares of the 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 transaction, the chief executive officer owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a 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 Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the sale, the executive vice president owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This trade 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. Over the last 90 days, insiders sold 213,838 shares of company stock worth $105,533,836. Insiders own 0.50% of the company's stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AI infrastructure demand remains strong. TSMC reported record quarterly revenue, while Samsung also posted exceptionally strong results tied to AI memory demand—supportive read-throughs for AMD’s data-center and accelerator businesses. TSMC quarterly results
• Positive Sentiment: AMD is reportedly exploring a foundry and memory partnership with Samsung, potentially improving access to critical manufacturing and high-bandwidth memory as AI chip supply remains constrained. AMD Samsung partnership
• Positive Sentiment: The partnership with Core Scientific highlights potential demand for AMD-powered AI data centers, while analysts and bullish commentators continue to see upside from CPUs, accelerators and inference chips. Core Scientific and AMD partnership
• Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3. The report will be an important test of whether accelerating AI demand can justify the stock’s elevated valuation. AMD earnings date
• Negative Sentiment: Valuation concerns are dominating sentiment. AMD was cited as trading near 125 times free cash flow, far above Broadcom’s roughly 46 times, leaving little room for execution missteps or slower growth. AMD versus Broadcom valuation
• Negative Sentiment: A broader market selloff, rising Treasury yields and higher oil prices pressured richly valued technology shares. ARK Invest also sold approximately $14 million of AMD stock, adding a modest negative sentiment signal. ARK Invest AMD sale

Advanced Micro Devices Stock Down 2.0%

Advanced Micro Devices stock opened at $608.10 on Friday. The firm's 50 day moving average price is $528.95 and its two-hundred day moving average price is $459.44. The firm has a market cap of $992.71 billion, a PE ratio of 156.32, a P/E/G ratio of 6.39 and a beta of 2.45. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month 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 posted 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 analysts' expectations of $11.31 billion. During the same period in the previous year, the company posted $0.48 EPS. Advanced Micro Devices's revenue was up 50.1% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 6.48 EPS for the current fiscal 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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

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.