Advanced Micro Devices, Inc. $AMD Shares Newly Bought by Canandaigua National Trust Co of Florida

Key Points

• Canandaigua National Trust Co. of Florida bought 847 AMD shares worth approximately $518,000, while institutional investors collectively own 71.34% of the company.
• Analyst sentiment remains positive: AMD has a consensus “Moderate Buy” rating and an average price target of $576.88, although the stock’s valuation is a concern after rising more than 200% over the past year.
• AMD reported strong recent results, with revenue up 50.1% year over year to $11.54 billion and EPS of $1.66, but insiders sold $105.5 million of shares last quarter under pre-arranged trading plans.

Canandaigua National Trust Co of Florida purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 847 shares of the semiconductor manufacturer's stock, valued at approximately $518,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. First Citizens Financial Corp grew its stake 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 valued at $300,000 after acquiring an additional 16 shares in the last quarter. Private Client Services LLC lifted its stake 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 worth $660,000 after purchasing an additional 18 shares in the last quarter. Box Hill Private Wealth LLC boosted 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 purchasing an additional 19 shares during the period. Baring Financial LLC boosted its holdings in Advanced Micro Devices by 4.5% in the 3rd quarter. Baring Financial LLC now owns 491 shares of the semiconductor manufacturer's stock valued at $300,000 after purchasing an additional 21 shares during the period. Finally, First National Bank of Hutchinson grew its position in shares of Advanced Micro Devices by 0.4% during the 2nd quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer's stock valued at $3,276,000 after purchasing an additional 22 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Sanford C. Bernstein restated an "outperform" rating and set a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Cantor Fitzgerald restated an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday. William Blair restated a "market perform" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Finally, KeyCorp set a $650.00 price target on Advanced Micro Devices in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $576.88.

More Advanced Micro Devices News

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

• Positive Sentiment: Citi raised its AMD price target by 39% to $800 and maintained a Buy rating. Analyst Atif Malik cited Meta’s Muse AI-agent initiative, which could increase demand for CPUs, GPUs, memory and networking. Other analysts have also raised targets, including Mizuho to $705. Citi’s Price Target Boost Lifts AMD Shares
• Positive Sentiment: CEO Lisa Su said AI-chip demand should remain very strong for years and that AMD plans to substantially increase supply in 2027. Her meetings with suppliers in Taiwan and South Korea, including Samsung, are aimed at securing advanced wafers and memory capacity. AMD plans to substantially increase supply
• Positive Sentiment: AMD is pursuing longer-term AI opportunities through an $8.2 billion acquisition of World Labs, while its expanding partnerships with enterprise-server provider Hewlett Packard Enterprise support broader adoption of AMD-powered AI infrastructure. AMD’s physical AI strategy
• Neutral Sentiment: AMD will report fiscal third-quarter 2026 results on November 3. Investors are likely to focus on whether data-center growth, AI-chip shipments and management’s 2027 supply expansion validate the stock’s expectations. AMD earnings announcement
• Negative Sentiment: Valuation is becoming a major concern. AMD has exceeded many analyst targets after a surge of more than 200% over the past year, while its Helios rack-scale systems and next-generation products still need to ship at scale and produce durable cash flow.
• Negative Sentiment: Rising Treasury yields are pressuring high-growth technology stocks, and broader market weakness is weighing on semiconductor shares. Investors are also monitoring potential dilution from warrants granted to Meta and OpenAI, which could cover up to 320 million shares if exercised.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a 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 Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the transaction, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This trade represents a 8.52% 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 a total of 213,838 shares of company stock worth $105,533,836 in the last quarter. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $3.56 during midday trading on Wednesday, hitting $645.86. The company had a trading volume of 18,509,442 shares, compared to its average volume of 32,649,955. The company has a market capitalization of $1.05 trillion, a PE ratio of 166.03, a P/E/G ratio of 6.55 and a beta of 2.45. 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 52-week low of $188.22 and a 52-week high of $658.52. The stock's fifty day moving average price is $519.28 and its 200-day moving average price is $452.34.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results 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 return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company's revenue was up 50.1% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Advanced Micro Devices Profile

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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