Advanced Micro Devices, Inc. $AMD Shares Sold by Avestar Capital LLC

Avestar Capital LLC lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 22.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,476 shares of the semiconductor manufacturer's stock after selling 4,737 shares during the period. Advanced Micro Devices comprises 0.8% of Avestar Capital LLC's holdings, making the stock its 26th largest holding. Avestar Capital LLC's holdings in Advanced Micro Devices were worth $10,079,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMD. Kurv Investment Management LLC raised its position in shares of Advanced Micro Devices by 13.9% during the third quarter. Kurv Investment Management LLC now owns 19,877 shares of the semiconductor manufacturer's stock worth $12,160,000 after purchasing an additional 2,427 shares during the period. Greenup Street Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 32.1% during the third quarter. Greenup Street Wealth Management LLC now owns 593 shares of the semiconductor manufacturer's stock worth $363,000 after purchasing an additional 144 shares during the period. CFC Planning Co LLC lifted its position in shares of Advanced Micro Devices by 801.4% in the 3rd quarter. CFC Planning Co LLC now owns 3,939 shares of the semiconductor manufacturer's stock worth $2,411,000 after purchasing an additional 3,502 shares during the period. Arta Finance Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 5.8% during the third quarter. Arta Finance Wealth Management LLC now owns 4,219 shares of the semiconductor manufacturer's stock valued at $2,581,000 after buying an additional 231 shares during the last quarter. Finally, Whelan Financial boosted its stake in shares of Advanced Micro Devices by 21.4% in the 3rd quarter. Whelan Financial now owns 1,933 shares of the semiconductor manufacturer's stock worth $1,183,000 after buying an additional 341 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD’s data-center revenue reportedly nearly doubled, and its Helios rack-scale systems, EPYC processors and Instinct GPUs are being deployed in Meta’s AI infrastructure. The companies also expanded their relationship through a planned $1 billion equity investment and multigeneration chip collaboration. AMD Expands AI Footprint With Meta
• Positive Sentiment: Rackspace selected AMD-powered infrastructure for HGS’s private AI deployment, adding another enterprise use case for AMD’s data-center products. HGS Selects Rackspace Technology for Private AI Infrastructure
• Positive Sentiment: Rakuten Investment Management disclosed a new approximately $283.7 million AMD position, while many large institutions—including JPMorgan, Invesco, FMR and BlackRock—reported adding shares in recent quarters. Rakuten Opens AMD Position
• Positive Sentiment: Analyst targets remain broadly above the current share price, with a reported six-month median target of $512.50 and several targets ranging from $560 to $700.
• Neutral Sentiment: AMD is scheduled to report third-quarter results on Nov. 3. Investors will focus on data-center growth, AI accelerator demand, supply constraints and management’s outlook for 2027.
• Neutral Sentiment: Recent commentary highlights a sharply divided outlook: AMD’s AI growth is accelerating, but its valuation leaves little room for an earnings or guidance disappointment. AMD Earnings Preview
• Negative Sentiment: Intel’s disappointing fourth-quarter forecast, weak PC-market conditions and margin concerns triggered a broad semiconductor selloff. Investors are questioning whether AMD faces similar demand or supply pressures. AMD Shares Slide After Intel Earnings
• Negative Sentiment: Several reports argue AMD is priced more aggressively than NVIDIA despite slower expected growth, making the stock vulnerable to profit-taking before earnings. AMD Reports on Nov. 3
• Negative Sentiment: Insiders have reported 147 open-market sales and no purchases over the past six months, including substantial sales by CEO Lisa Su and other executives. Cathie Wood’s ARK Invest has also continued trimming AMD, adding to near-term sentiment pressure.

Analysts Set New Price Targets

AMD has been the subject of several recent research reports. Mizuho lifted their price target on Advanced Micro Devices from $580.00 to $705.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 6th. William Blair reiterated a "market perform" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a research report on Friday, July 24th. Citigroup upped their price target on Advanced Micro Devices from $575.00 to $800.00 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. Finally, Raymond James Financial raised Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and lifted their target price for the company from $565.00 to $641.00 in a research note on Tuesday, August 25th. Three 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $607.57.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of the business's 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 of the company's stock, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the sale, the senior vice president directly owned 26,623 shares of the company's stock, valued at $13,010,393.87. This trade represents a 10.11% 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. Over the last quarter, insiders sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Down 10.9%

AMD stock opened at $504.80 on Friday. The business's fifty day moving average price is $548.29 and its two-hundred day moving average price is $409.20. The stock has a market capitalization of $824.07 billion, a price-to-earnings ratio of 129.77, a PEG ratio of 5.81 and a beta of 2.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the previous year, the business 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, equities 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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