Advanced Micro Devices, Inc. $AMD Shares Sold by Western Financial Corp CA

Key Points

• Western Financial Corp CA cut its AMD stake by 60.1% in the third quarter, selling 5,900 shares and retaining 3,914 shares valued at approximately $2.4 million. Despite the sale, hedge funds and other institutions own 71.34% of AMD.
• Analysts remain broadly bullish: AMD has an average “Moderate Buy” rating and a consensus price target of $603.51, with several firms recently raising their targets to between $594 and $705.
• AMD reported quarterly revenue of $11.54 billion and earnings of $1.66 per share, beating expectations, while revenue increased 50.1% year over year. However, the stock’s high valuation, insider selling and concerns about AI infrastructure financing and competition remain risks.

Western Financial Corp CA trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 60.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,914 shares of the semiconductor manufacturer's stock after selling 5,900 shares during the period. Western Financial Corp CA's holdings in Advanced Micro Devices were worth $2,394,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Financial Planning Navigators CORP boosted its position in shares of Advanced Micro Devices by 23.5% in the 3rd quarter. Financial Planning Navigators CORP now owns 983 shares of the semiconductor manufacturer's stock worth $601,000 after purchasing an additional 187 shares in the last quarter. Mezzasalma Advisors LLC grew its stake in Advanced Micro Devices by 33.6% during the 3rd quarter. Mezzasalma Advisors LLC now owns 16,137 shares of the semiconductor manufacturer's stock worth $10,924,000 after buying an additional 4,060 shares during the last quarter. Union Savings Bank increased its position in Advanced Micro Devices by 27.0% during the 3rd quarter. Union Savings Bank now owns 353 shares of the semiconductor manufacturer's stock valued at $216,000 after buying an additional 75 shares in the last quarter. Essex LLC increased its position in Advanced Micro Devices by 5.5% during the 3rd quarter. Essex LLC now owns 2,883 shares of the semiconductor manufacturer's stock valued at $1,764,000 after buying an additional 150 shares in the last quarter. Finally, SFM LLC d b a Sweeney Financial Advisors increased its position in Advanced Micro Devices by 8.0% during the 3rd quarter. SFM LLC d b a Sweeney Financial Advisors now owns 420 shares of the semiconductor manufacturer's stock valued at $257,000 after buying an additional 31 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMD shares. Argus increased their price target on Advanced Micro Devices from $450.00 to $625.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. BMO Capital Markets assumed coverage on Advanced Micro Devices in a research note on Thursday, August 20th. They set an "outperform" rating and a $550.00 price target on the stock. Mizuho upped their price objective on shares of Advanced Micro Devices from $580.00 to $705.00 and gave the company an "outperform" rating in a report on Tuesday, October 6th. Wedbush restated an "outperform" rating and set a $600.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Truist Financial increased their price objective on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $603.51.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD’s AI positioning continues to strengthen. SemiAnalysis reportedly found that software improvements are helping AMD narrow NVIDIA’s AI-inference advantage without requiring new chips. AMD also introduced its Helios open-rack platform for agentic AI, with CPU-only and GPU configurations planned for availability in November. AMD Challenges Nvidia's AI Inference Lead AMD Helion Blueprint
• Positive Sentiment: AMD’s credit support for Fermi’s 222-megawatt Texas data-center lease could help ensure power availability for future AI deployments and chip demand. The broader project may eventually support up to 650 megawatts, although the arrangement also exposes AMD to infrastructure-related execution risk. Fermi Partnership With AMD
• Neutral Sentiment: AMD is reportedly acquiring World Labs, an AI startup led by Fei-Fei Li, in an all-stock transaction valued at approximately $8.2 billion. The technology could support 3D-world generation and robotics training, but the deal adds integration and valuation considerations. AMD World Labs Acquisition
• Negative Sentiment: CoreWeave’s bond selloff raised concerns that heavily leveraged AI infrastructure operators may struggle to finance expansion or generate adequate returns. That prompted investors to question future demand for AMD and other AI accelerators. AMD Stock Takes a Bigger Hit as Cracks Emerge in the AI Trade
• Negative Sentiment: A hotter-than-expected September inflation report increased interest-rate and financing concerns, while reports of an OpenAI revenue reset, elevated semiconductor valuations and intensifying Chinese competition added pressure. AMD’s roughly 183% year-to-date advance and premium earnings multiple leave the stock vulnerable to profit-taking. Why AMD Stock Is Falling

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $570.82 on Thursday. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The company has a market cap of $931.85 billion, a PE ratio of 146.74, a price-to-earnings-growth ratio of 6.26 and a beta of 2.45. The company's 50 day moving average is $534.65 and its 200 day moving average is $469.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business's quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.45 EPS for the current year.

Insider Activity

In related news, EVP Jean X. Hu sold 15,000 shares of the business's stock in a transaction on 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 transaction, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the company's 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 completion of the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. The trade was a 2.23% 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 have sold a total of 213,838 shares of company stock valued at $105,533,836 over the last quarter. Insiders own 0.50% of the company's stock.

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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