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

Key Points

• Westwind Capital cut its AMD stake by 23.1% in the third quarter, selling 1,352 shares and retaining 4,489 shares valued at approximately $2.75 million.
• Other institutional investors mostly increased their positions, while AMD insiders sold $105.5 million worth of shares over the past three months; institutional investors own 71.34% of the stock.
• AMD shares fell 3.9% to $620.68, despite strong quarterly results and continued analyst optimism. The stock has a “Moderate Buy” consensus rating with an average price target of $585.26, while its high valuation remains a concern.

Westwind Capital reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 23.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,489 shares of the semiconductor manufacturer's stock after selling 1,352 shares during the quarter. Westwind Capital's holdings in Advanced Micro Devices were worth $2,746,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC grew its position in shares of Advanced Micro Devices by 18.0% in the third quarter. CoreCap Advisors LLC now owns 23,171 shares of the semiconductor manufacturer's stock valued at $14,322,000 after purchasing an additional 3,531 shares during the last quarter. Artemis Investment Management LLP grew its holdings in shares of Advanced Micro Devices by 18.3% during the 3rd quarter. Artemis Investment Management LLP now owns 213,096 shares of the semiconductor manufacturer's stock valued at $130,364,000 after purchasing an additional 32,954 shares during the last quarter. Aletheian Wealth Advisors LLC raised its holdings in Advanced Micro Devices by 28.6% in the 3rd quarter. Aletheian Wealth Advisors LLC now owns 1,692 shares of the semiconductor manufacturer's stock valued at $1,035,000 after buying an additional 376 shares during the last quarter. YHB Investment Advisors Inc. raised its position in Advanced Micro Devices by 97.3% during the 3rd quarter. YHB Investment Advisors Inc. now owns 2,803 shares of the semiconductor manufacturer's stock worth $1,715,000 after purchasing an additional 1,382 shares during the last quarter. Finally, Apella Capital LLC lifted its position in shares of Advanced Micro Devices by 15.6% in the 3rd quarter. Apella Capital LLC now owns 9,851 shares of the semiconductor manufacturer's stock worth $6,362,000 after purchasing an additional 1,327 shares during the period. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the sale, the executive vice president directly owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total value of $8,683,146.05. Following the sale, the executive vice president directly owned 363,317 shares in the company, valued at approximately $182,766,616.85. The trade was a 4.54% 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 worth $105,533,836 over the last three months. 0.50% of the stock is owned by corporate insiders.

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 increased 107% year over year to $6.7 billion, underscoring strong demand for its AI accelerators and server processors. Global AI infrastructure spending is also expected to remain substantial. AMD Stock: Drops Despite Record Revenue and Surging AI Data Center Demand
• Positive Sentiment: TSMC reported record quarterly revenue, up 50% year over year, signaling that demand for advanced chips used by AMD and other AI companies remains robust. Nvidia, AMD, Intel Stocks Despite Record AI Demand
• Positive Sentiment: CEO Lisa Su’s meetings with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. AMD CEO Says Continues to Explore Foundry Partnership With Samsung
• Positive Sentiment: Analysts remain constructive: BNP Paribas identified further upside from AMD’s CPU, AI accelerator and inference-chip opportunities, while Citi recently raised its price target. AMD Stock Isn’t Undervalued, but Wall Street May Be Underestimating a Key Opportunity
• Neutral Sentiment: AMD scheduled its third-quarter earnings report for November 3. Investors may remain cautious ahead of the release, which will provide an important test of AI demand, supply expansion and forward guidance. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher bond yields and oil prices are pressuring richly valued growth and AI stocks, prompting investors to rotate out of semiconductor names across the sector. Why Are Intel and AMD Stocks Plunging on Thursday?
• Negative Sentiment: AMD’s valuation leaves little room for execution setbacks after its sharp rally. Concerns include whether future AI commitments will translate into repeat deployments, cash flow and sustainable margins. AMD’s Valuation Is Starting to Ruffle Feathers on Wall Street
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases over the past six months, adding to investor caution even though such sales may reflect scheduled diversification.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup increased their target price on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the stock a "buy" rating in a research note on Tuesday. CLSA reissued an "outperform" rating and issued a $710.00 price target on shares of Advanced Micro Devices in a report on Wednesday, September 9th. KeyCorp set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Morgan Stanley raised their target price 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, Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Sunday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $585.26.

Advanced Micro Devices Trading Down 3.9%

Shares of AMD stock traded down $25.18 on Thursday, hitting $620.68. 23,402,461 shares of the company's stock traded hands, compared to its average volume of 32,602,393. The stock has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 159.56, a P/E/G ratio of 6.73 and a beta of 2.45. The company's fifty day simple moving average is $526.31 and its 200 day simple moving average is $458.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year 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 for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices's revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 6.43 EPS 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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