Advanced Micro Devices, Inc. $AMD Shares Sold by Postrock Partners LLC

Key Points

• Postrock Partners cut its AMD position by 71.9% in the third quarter, selling 6,550 shares and retaining 2,559 shares valued at about $1.565 million.
• Institutional ownership remains substantial at 71.34%; major investors including BlackRock and State Street increased their holdings in the second quarter.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average price target of $633.17, though some firms recently lowered their targets.

Postrock Partners LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 71.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,559 shares of the semiconductor manufacturer's stock after selling 6,550 shares during the period. Advanced Micro Devices comprises approximately 0.6% of Postrock Partners LLC's holdings, making the stock its 24th largest holding. Postrock Partners LLC's holdings in Advanced Micro Devices were worth $1,565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after buying an additional 4,535,126 shares during the last quarter. State Street Corp raised its holdings in Advanced Micro Devices by 2.9% in the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock valued at $46,606,266,000 after acquiring an additional 2,149,563 shares in the last quarter. Bank of America Corp DE acquired a new stake in Advanced Micro Devices in the second quarter valued at $7,022,226,000. Jennison Associates LLC boosted its stake in Advanced Micro Devices by 5.8% during the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock valued at $5,793,388,000 after acquiring an additional 545,575 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Advanced Micro Devices by 33.9% during the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock valued at $5,422,444,000 after acquiring an additional 2,365,419 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMD shares. TD Cowen reissued a "buy" rating on shares of Advanced Micro Devices in a report on Monday, October 19th. Wells Fargo & Company dropped their target price on shares of Advanced Micro Devices from $700.00 to $650.00 and set an "overweight" rating for the company in a research report on Wednesday. The Goldman Sachs Group restated a "buy" rating and issued a $675.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. BMO Capital Markets assumed coverage on shares of Advanced Micro Devices in a research report on Thursday, August 20th. They set an "outperform" rating and a $550.00 price target on the stock. Finally, UBS Group decreased their price target on Advanced Micro Devices from $730.00 to $700.00 and set a "buy" rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $633.17.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD reported record third-quarter revenue, up about 45% year over year, with data-center revenue nearly doubling. Management expects fourth-quarter revenue of roughly $17 billion and has forecast revenue growth above 80% in 2027, reinforcing the potential for AI and data-center demand to drive further gains. Article: Is AMD Stock a Buy as AI Revenue Soars?
• Positive Sentiment: CEO Lisa Su pushed back against concerns about AI spending, arguing that the market is taking a short-term view and reaffirming her confidence in sustained demand for computing power. Article: AMD CEO Lisa Su Calls This Market Moment ‘Short-Sighted’ on AI Spending
• Neutral Sentiment: Some analysts raised their price targets after the results, including DZ Bank to $620 and HSBC to $540; HSBC nevertheless kept a Hold rating, reflecting continued debate over how much growth is already reflected in AMD’s valuation. Article: DZ Bank Adjusts Price Target on Advanced Micro Devices to $620
• Negative Sentiment: The main near-term pressure was a broad chip-sector sell-off following Democratic midterm gains. Investors fear potential AI-industry regulation or slower data-center expansion, and concern about local resistance to data centers added to worries over future AI spending. The sector weakness weighed on AMD despite its earnings beat. Article: Why AMD Stock Is Down Today
• Negative Sentiment: Investors are also questioning AMD’s premium valuation and demanding evidence that its AI products and partnerships will translate into durable profits. Ark Invest’s reported sale of AMD shares in favor of Nvidia added to the competitive and valuation concerns. Article: Cathie Wood Just Sold AMD Stock and Bought This AI Chip Stock Instead

Insiders Place Their Bets

In other news, CEO Lisa Su sold 70,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,032,156 shares of the company's stock, valued at approximately $1,536,696,660.80. The trade was a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the business's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the sale, the executive vice president directly owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. This represents a 4.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 231,100 shares of company stock worth $114,867,400. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $404.40 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.91. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The company has a fifty day moving average price of $547.37 and a two-hundred day moving average price of $413.90. The company has a market cap of $660.17 billion, a PE ratio of 87.91, a P/E/G ratio of 5.01 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.14. The company had revenue of $13.38 billion for the quarter, compared to analysts' expectations of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The firm's revenue was up 44.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. Research analysts expect that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

Advanced Micro Devices Company Profile

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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