Advanced Micro Devices, Inc. $AMD Position Raised by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB increased its AMD position by 141.9% in the third quarter, owning 139,164 shares worth approximately $85.1 million. Institutional investors collectively own 71.34% of AMD.
• Wall Street remains broadly bullish: AMD has a consensus “Moderate Buy” rating and an average price target of $606.76, with recent targets reaching as high as $700.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and beat earnings expectations; however, the stock’s high valuation, chip-sector volatility and rising competition in AI CPUs remain notable risks.

E. Ohman J or Asset Management AB increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 141.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139,164 shares of the semiconductor manufacturer's stock after acquiring an additional 81,640 shares during the period. Advanced Micro Devices comprises about 1.9% of E. Ohman J or Asset Management AB's portfolio, making the stock its 10th biggest position. E. Ohman J or Asset Management AB's holdings in Advanced Micro Devices were worth $85,135,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AMD. First Citizens Financial Corp boosted its position in shares of Advanced Micro Devices by 3.4% during the third quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock valued at $300,000 after buying an additional 16 shares during the last quarter. Fearless Solutions LLC dba Best Invest lifted its stake in Advanced Micro Devices by 1.5% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer's stock worth $718,000 after purchasing an additional 17 shares in the last quarter. Private Client Services LLC grew its holdings in shares of Advanced Micro Devices by 1.7% during the third quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer's stock worth $660,000 after purchasing an additional 18 shares in the last quarter. Box Hill Private Wealth LLC grew its position in Advanced Micro Devices by 2.5% in the third quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock worth $486,000 after acquiring an additional 19 shares in the last quarter. Finally, Bullock Wealth Management Group lifted its position in Advanced Micro Devices by 0.6% in the 3rd quarter. Bullock Wealth Management Group now owns 3,321 shares of the semiconductor manufacturer's stock worth $2,045,000 after buying an additional 20 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wedbush reiterated an "outperform" rating and issued a $600.00 price objective on shares of Advanced Micro Devices in a report on Tuesday. Jefferies Financial Group set a $650.00 price target on Advanced Micro Devices in a research note on Wednesday, August 5th. Sanford C. Bernstein restated an "outperform" rating and issued a $650.00 price target on shares of Advanced Micro Devices in a research 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 report on Tuesday, August 25th. Finally, Stifel Nicolaus boosted their price objective on Advanced Micro Devices from $635.00 to $700.00 and gave the company a "buy" rating in a report on Monday, October 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $606.76.

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

Insider Activity

In related news, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the business's 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 completion of 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 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. Insiders sold 231,100 shares of company stock worth $114,867,400 over the last quarter. 0.50% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $507.93 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The stock has a market cap of $829.18 billion, a P/E ratio of 130.57, a PEG ratio of 5.67 and a beta of 2.45. The company has a 50-day moving average price of $541.49 and a 200 day moving average price of $483.21. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. During the same quarter last year, the company posted $0.48 EPS. The firm's quarterly revenue was up 50.1% on a year-over-year basis. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

About Advanced Micro Devices

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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