Advanced Micro Devices, Inc. $AMD Shares Sold by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB cut its AMD stake by 14.5% in the third quarter, selling 3,574 shares and retaining 21,113 shares valued at $12.9 million. Institutional investors collectively own 71.34% of AMD.
• Analyst sentiment remains positive overall: AMD has an average “Moderate Buy” rating and an average price target of $606.76, with recent upgrades and target increases from Weiss Ratings and Stifel Nicolaus.
• AMD insiders have continued selling shares under pre-arranged Rule 10b5-1 plans, including two executives who sold a combined 46,073 shares; insiders sold $114.9 million worth of stock over the past 90 days.

AMF Tjanstepension AB decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,113 shares of the semiconductor manufacturer's stock after selling 3,574 shares during the quarter. AMF Tjanstepension AB's holdings in Advanced Micro Devices were worth $12,916,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMD. MJT & Associates Financial Advisory Group Inc. purchased a new position in Advanced Micro Devices in the 3rd quarter worth approximately $29,000. JNBA Financial Advisors increased its holdings in shares of Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after buying an additional 30 shares during the last quarter. Graney & King LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $31,000. Main Street Group LTD purchased a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $33,000. Finally, Downshift Financial LLC lifted its holdings in shares of Advanced Micro Devices by 850.0% during the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock worth $35,000 after acquiring an additional 51 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Advanced Micro Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Stifel Nicolaus increased their target price on Advanced Micro Devices from $635.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, October 5th. William Blair restated a "market perform" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Morgan Stanley lifted their price target on Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. Finally, Robert W. Baird set a $1,250.00 price target on Advanced Micro Devices in a research note on Friday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $606.76.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the transaction, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. The trade was a 4.66% 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 90 days, insiders have sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $507.93 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The stock has a market cap of $829.18 billion, a PE ratio of 130.57, a PEG ratio of 5.67 and a beta of 2.45. The company's fifty day moving average is $541.49 and its 200 day moving average is $483.21. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (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 during the quarter, compared to analyst estimates of $11.31 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The company's revenue was up 50.1% on a year-over-year basis. Research analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

Advanced Micro Devices News Roundup

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

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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