Advanced Micro Devices, Inc. $AMD Stake Lifted by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. increased its AMD stake by 4.6% in the third quarter, bringing its holdings to 496,973 shares valued at approximately $311.7 million. Institutional investors collectively own 71.34% of AMD.
• Wall Street remains broadly bullish: AMD has a “Moderate Buy” consensus rating and an average price target of $585.26, with several analysts recently raising their targets as AI and data-center demand strengthens.
• AMD’s growth outlook is supported by surging AI infrastructure demand and strong recent results, but its elevated valuation—around 159.6 times earnings—leaves the stock vulnerable to market selloffs and concerns that future AI success is already priced in.

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 496,973 shares of the semiconductor manufacturer's stock after acquiring an additional 22,079 shares during the period. Advanced Micro Devices accounts for approximately 2.3% of Mn Services Vermogensbeheer B.V.'s investment portfolio, making the stock its 8th biggest holding. Mn Services Vermogensbeheer B.V.'s holdings in Advanced Micro Devices were worth $311,740,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First Citizens Financial Corp increased its stake in Advanced Micro Devices by 3.4% in the third quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock valued at $300,000 after purchasing an additional 16 shares during the last quarter. Private Client Services LLC raised its holdings in Advanced Micro Devices by 1.7% during the third quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer's stock worth $660,000 after purchasing an additional 18 shares in the last quarter. Box Hill Private Wealth LLC lifted its position in shares of Advanced Micro Devices by 2.5% during the 3rd quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock worth $486,000 after buying an additional 19 shares during the last quarter. Baring Financial LLC lifted its position in shares of Advanced Micro Devices by 4.5% during the 3rd quarter. Baring Financial LLC now owns 491 shares of the semiconductor manufacturer's stock worth $300,000 after buying an additional 21 shares during the last quarter. Finally, First National Bank of Hutchinson boosted its holdings in shares of Advanced Micro Devices by 0.4% in the 2nd quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer's stock valued at $3,276,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the company a "buy" rating in a research report on Monday, July 6th. Benchmark boosted their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Morgan Stanley upped their price objective on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. UBS Group reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, Citigroup lifted their target price on Advanced Micro Devices from $575.00 to $800.00 and gave the stock a "buy" rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $585.26.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Goldman Sachs raised its 2026 U.S. data-center capacity forecast by 5 gigawatts to 64GW and expects capacity to reach 90GW in 2027. The continued expansion of AI infrastructure supports long-term demand for AMD’s CPUs and accelerators. Ways AI Data Center Capacity Will Reach 90GW by 2027
• Positive Sentiment: TSMC reported third-quarter revenue of approximately $46.7 billion, up 50% year over year, signaling that demand for AI processors from customers including AMD remains robust. AMD’s data-center revenue was also reported at $6.7 billion, up 107% annually. Nvidia, AMD, Intel stocks despite record AI demand
• Positive Sentiment: CEO Lisa Su’s discussions with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. The company is also linked to open Ethernet data-center infrastructure initiatives with Arista, Broadcom, Meta and Microsoft. AMD CEO says continues to explore foundry partnership with Samsung
• Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3, giving investors a near-term catalyst. The report will be important for assessing whether AI commitments are translating into sustained deployments, cash flow and margins. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher Treasury yields and oil prices intensified a broader equity and semiconductor selloff, reducing investor appetite for richly valued AI stocks. AMD’s elevated valuation makes its shares particularly sensitive to changes in interest-rate expectations. Why are Intel and AMD stocks plunging
• Negative Sentiment: Analysts and commentators cautioned that AMD’s market capitalization and recent rally may already price in substantial AI success. Delivering on future products, including rack-scale systems, and converting customer commitments into recurring revenue will be necessary to justify further gains. AMD’s Valuation Is Ruffling Feathers on Wall Street

Insider Activity

In related news, SVP Ava Hahn sold 2,993 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total value of $1,462,649.17. Following the transaction, the senior vice president directly owned 26,623 shares in the company, valued at $13,010,393.87. This trade represents a 10.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 25,000 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the completion of the transaction, the chief executive officer directly owned 74,211 shares in the company, valued at $37,609,392.69. This represents a 25.20% 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. Over the last quarter, insiders sold 213,838 shares of company stock valued at $105,533,836. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Down 3.9%

AMD opened at $620.68 on Friday. The business has a 50 day moving average price of $526.31 and a two-hundred day moving average price of $458.39. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.01 trillion, a PE ratio of 159.56, a P/E/G ratio of 6.69 and a beta of 2.45. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm's revenue for the quarter was up 50.1% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. As a group, research analysts anticipate 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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