Advanced Micro Devices, Inc. $AMD Shares Acquired by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its AMD stake by 211.5% in the third quarter to 68,129 shares valued at approximately $42.1 million. Institutional investors collectively own 71.34% of AMD.
• AMD reported quarterly EPS of $1.66 and revenue of $11.54 billion, exceeding analyst estimates, while revenue grew 50.1% year over year. Shares traded around $605.53, with a notably high price-to-earnings ratio of 155.66.
• Wall Street remains broadly bullish, with a consensus “Moderate Buy” rating and a $603.51 price target, although insiders sold roughly $105.5 million of shares over the past three months and AMD’s elevated valuation could increase downside risk.

First Citizens Bank & Trust Co. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 211.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,129 shares of the semiconductor manufacturer's stock after purchasing an additional 46,259 shares during the period. Advanced Micro Devices comprises about 0.6% of First Citizens Bank & Trust Co.'s investment portfolio, making the stock its 29th largest position. First Citizens Bank & Trust Co.'s holdings in Advanced Micro Devices were worth $42,095,000 at the end of the most recent reporting period.

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

Advanced Micro Devices Trading Up 1.9%

Shares of AMD stock opened at $605.53 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The firm's 50 day moving average price is $532.88 and its two-hundred day moving average price is $466.70. The stock has a market cap of $988.51 billion, a price-to-earnings ratio of 155.66, a price-to-earnings-growth ratio of 6.15 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping 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 company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the previous year, the firm earned $0.48 earnings per share. Advanced Micro Devices's revenue for the quarter was up 50.1% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 6.45 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Jean X. Hu sold 15,000 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 213,838 shares of company stock worth $105,533,836. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. DA Davidson raised their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Rosenblatt Securities reiterated a "buy" rating and issued a $700.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, September 29th. Raymond James Financial upgraded Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $565.00 to $641.00 in a research report on Tuesday, August 25th. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, October 5th. Finally, Mizuho lifted their price target on Advanced Micro Devices from $580.00 to $705.00 and gave the company an "outperform" rating in a report on Tuesday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $603.51.

More Advanced Micro Devices News

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

• Positive Sentiment: New AI infrastructure customer: European cloud provider Scaleway plans to build an AMD-powered AI supercomputer in Sweden, providing evidence of demand for AMD GPUs and expanding the company’s presence in AI data centers. Scaleway to build AMD-powered AI supercomputer in Sweden
• Positive Sentiment: Helion platform and inference opportunity: AMD’s Helion open rack blueprint combines EPYC CPUs, Instinct GPUs and flexible configurations for agentic AI workloads. CEO Lisa Su also pointed to a potentially large AI-inference market, reinforcing the company’s strategy beyond model training. AMD unveils Helion open rack blueprint for agentic AI
• Positive Sentiment: Constructive industry outlook: CNBC’s Jim Cramer argued that persistent chip demand, broader CPU adoption and long-term customer commitments support semiconductor growth despite the recent pullback. AMD was also identified as one of the market’s leading buy candidates. Jim Cramer isn't giving up on semiconductor stocks
• Neutral Sentiment: Analyst and investor debate remains intense: Some commentary sees AMD’s CPU growth and AI opportunity supporting substantially higher valuations, while other analysis highlights the difficulty of justifying the stock’s price relative to estimated intrinsic value. A rare options strategy also indicates heightened investor interest and potential volatility. AMD: CPU Boom Lifts Target To $1,200
• Negative Sentiment: Sector-wide pressure: AMD has faced selling alongside Nvidia and Intel as investors worry that China’s competition and tighter financing could slow AI infrastructure spending. Profit-taking after a major semiconductor rally is adding to volatility. Why are Intel and AMD stocks falling on Tuesday?
• Negative Sentiment: Valuation and selling concerns: AMD’s roughly 156 price-to-earnings ratio leaves limited room for execution disappointments. GuruFocus estimated GF Value at $290.93 versus the recent $605.53 price, while an investment team linked to President Donald Trump reportedly sold up to $5 million of AMD shares in August.

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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