Advanced Micro Devices, Inc. $AMD Stake Lessened by Atlatl Advisers LLC

Key Points

• Atlatl Advisers cut its AMD stake by 31.1% in the third quarter, selling 4,185 shares and retaining 9,293 shares valued at approximately $5.7 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD reported quarterly EPS of $1.66 and revenue of $11.54 billion, exceeding analyst expectations; revenue increased 50.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $606.76.
• AMD shares opened at $516.79, while the company faces a demanding valuation, insider selling and competitive risks despite optimism surrounding AI accelerators, data-center growth and future product cycles.

Atlatl Advisers LLC trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 31.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,293 shares of the semiconductor manufacturer's stock after selling 4,185 shares during the period. Advanced Micro Devices makes up 1.4% of Atlatl Advisers LLC's investment portfolio, making the stock its 19th largest holding. Atlatl Advisers LLC's holdings in Advanced Micro Devices were worth $5,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MJT & Associates Financial Advisory Group Inc. acquired a new position in Advanced Micro Devices in the third quarter valued at $29,000. JNBA Financial Advisors increased its position in shares of Advanced Micro Devices by 142.9% during the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Downshift Financial LLC increased its position in shares of Advanced Micro Devices by 850.0% during the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock worth $35,000 after purchasing an additional 51 shares in the last quarter. Sawyer & Company Inc purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $37,000. Finally, Bullseye Investment Management LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $44,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 1.7%

Advanced Micro Devices stock opened at $516.79 on Friday. The stock has a 50 day moving average of $541.54 and a two-hundred day moving average of $483.45. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The stock has a market capitalization of $843.65 billion, a price-to-earnings ratio of 132.85, a PEG ratio of 5.21 and a beta of 2.45. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

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 analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. 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 company posted $0.48 earnings per share. The company's revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. KeyCorp set a $650.00 target price on Advanced Micro Devices in a research report on Wednesday, August 5th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Bank of America boosted their price objective on Advanced Micro Devices from $620.00 to $720.00 and gave the company a "buy" rating in a research note on Friday, September 25th. Benchmark increased their price objective on Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Finally, Robert W. Baird set a $1,250.00 target price on shares of Advanced Micro Devices in a research report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $606.76.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction dated 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 owned 160,979 shares of the company's stock, valued at $76,316,924.32. This represents a 8.52% 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. Insiders sold a total of 231,100 shares of company stock worth $114,867,400 in the last ninety days. Insiders own 0.50% of the company's stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Analyst support is helping sentiment. AMD received an analyst upgrade, while Erste Group raised its FY2027 earnings estimate to $15.05 per share from $14.80. The company’s long-term earnings outlook is being supported by expectations for continued AI accelerator demand. AMD Stock Jumps Following Analyst Upgrade
• Positive Sentiment: AI growth remains the core bullish argument. Articles point to AMD’s hyperscaler contracts, data-center expansion and expected product cycles as potential drivers of substantial future revenue growth. AMD recently reported 50.1% year-over-year revenue growth, and analysts continue to debate whether its AI opportunity is being underestimated. AMD’s Potential May Be Underestimated
• Neutral Sentiment: Today’s strength follows a broad technology rebound. AMD and Intel recovered after a sharp semiconductor sell-off, while AMD also contributed to gains in the Invesco QQQ Trust. This suggests some of the buying reflects sector rotation and short-term dip buying rather than a change in AMD’s fundamentals. Why AMD and Intel Stocks Are Gaining
• Negative Sentiment: Valuation and execution risks remain significant. AMD has already risen sharply this year, and its high earnings multiple leaves little room for disappointment. Investors are focused on whether upcoming earnings and new AI products can validate the expectations embedded in the stock. AMD Stock Price Prediction
• Negative Sentiment: Competitive and macroeconomic pressures could limit upside. Nvidia is expanding into CPU systems traditionally dominated by AMD and Intel, while higher oil prices, interest rates and questions about AI infrastructure spending are weighing on the broader semiconductor trade. Nvidia Enters the CPU Market

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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