Advanced Micro Devices, Inc. $AMD Shares Bought by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors increased its AMD stake by 4.3% in the third quarter, bringing its holdings to 86,117 shares valued at approximately $53 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD shares fell 3.9% to $620.68, despite strong quarterly results: adjusted EPS of $1.66 exceeded estimates, revenue reached $11.54 billion, and sales grew 50.1% year over year.
• Wall Street maintains a “Moderate Buy” consensus with an average price target of $585.26, while insiders sold more than $105 million of stock over the past 90 days under pre-arranged trading plans.

Farther Finance Advisors LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,117 shares of the semiconductor manufacturer's stock after acquiring an additional 3,567 shares during the quarter. Farther Finance Advisors LLC's holdings in Advanced Micro Devices were worth $53,032,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Cornerstone Financial Management LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Advanced Micro Devices in the third quarter valued at $29,000. JNBA Financial Advisors raised its holdings in shares of Advanced Micro Devices by 142.9% during 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 acquired a new position in shares of Advanced Micro Devices during the first quarter valued at about $31,000. Finally, Main Street Group LTD bought a new position in shares of Advanced Micro Devices during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 3.9%

NASDAQ AMD traded down $25.18 during trading hours on Thursday, hitting $620.68. The company's stock had a trading volume of 23,402,461 shares, compared to its average volume of 32,602,393. The company has a market capitalization of $1.01 trillion, a PE ratio of 159.56, a price-to-earnings-growth ratio of 6.73 and a beta of 2.45. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The company's 50-day simple moving average is $523.60 and its two-hundred day simple moving average is $455.44.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The firm 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Susquehanna boosted their target price on Advanced Micro Devices from $450.00 to $500.00 and gave the company a "positive" rating in a research report on Thursday, July 30th. KeyCorp set a $650.00 price target on Advanced Micro Devices in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price objective on Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Morgan Stanley boosted their price objective on Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $585.26.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction 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 transaction, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. The trade was a 2.23% 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 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 transaction of $7,111,200.00. Following the completion of the sale, the executive vice president 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. 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. Insiders have sold 213,838 shares of company stock valued at $105,533,836 over the last 90 days. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD’s data-center revenue reportedly increased 107% year over year to $6.7 billion, underscoring strong demand for its AI accelerators and server processors. Global AI infrastructure spending is also expected to remain substantial. AMD Stock: Drops Despite Record Revenue and Surging AI Data Center Demand
• Positive Sentiment: TSMC reported record quarterly revenue, up 50% year over year, signaling that demand for advanced chips used by AMD and other AI companies remains robust. Nvidia, AMD, Intel Stocks Despite Record AI Demand
• Positive Sentiment: CEO Lisa Su’s meetings with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. AMD CEO Says Continues to Explore Foundry Partnership With Samsung
• Positive Sentiment: Analysts remain constructive: BNP Paribas identified further upside from AMD’s CPU, AI accelerator and inference-chip opportunities, while Citi recently raised its price target. AMD Stock Isn’t Undervalued, but Wall Street May Be Underestimating a Key Opportunity
• Neutral Sentiment: AMD scheduled its third-quarter earnings report for November 3. Investors may remain cautious ahead of the release, which will provide an important test of AI demand, supply expansion and forward guidance. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher bond yields and oil prices are pressuring richly valued growth and AI stocks, prompting investors to rotate out of semiconductor names across the sector. Why Are Intel and AMD Stocks Plunging on Thursday?
• Negative Sentiment: AMD’s valuation leaves little room for execution setbacks after its sharp rally. Concerns include whether future AI commitments will translate into repeat deployments, cash flow and sustainable margins. AMD’s Valuation Is Starting to Ruffle Feathers on Wall Street
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases over the past six months, adding to investor caution even though such sales may reflect scheduled diversification.

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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