Advanced Micro Devices, Inc. $AMD Stock Acquired by Affinity Capital Advisors LLC

Key Points

• Affinity Capital Advisors increased its AMD stake by 205.4% in the third quarter, owning 2,587 shares valued at $1.57 million. Institutional investors collectively own 71.34% of AMD, with major firms including BlackRock, State Street and Wellington expanding their positions.
• AMD insiders sold 213,838 shares worth approximately $105.5 million over the past 90 days, although the disclosed transactions were executed under pre-arranged Rule 10b5-1 plans.
• AMD reported quarterly revenue of $11.54 billion and EPS of $1.66, both above analyst expectations, while revenue grew 50.1% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $603.51, but the stock’s elevated valuation and AI-sector risks remain concerns.

Affinity Capital Advisors LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 205.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,587 shares of the semiconductor manufacturer's stock after buying an additional 1,740 shares during the period. Affinity Capital Advisors LLC's holdings in Advanced Micro Devices were worth $1,573,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in Advanced Micro Devices during the second quarter valued at $7,022,226,000. BlackRock Inc. grew its position in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares during the period. Jupiter Topco LLC acquired a new stake in Advanced Micro Devices during the 2nd quarter worth about $2,084,651,000. Wellington Management Group LLP raised its stake in shares of 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 buying an additional 2,365,419 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock valued at $46,606,266,000 after buying an additional 2,149,563 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the transaction, the executive vice president owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 the company's stock in a transaction 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 completion of the sale, the executive vice president owned 363,317 shares of the company's stock, 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. In the last 90 days, insiders have 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 Performance

NASDAQ AMD opened at $605.53 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The stock's 50 day simple moving average is $532.88 and its 200-day simple moving average is $466.70. The company has a market cap of $988.51 billion, a PE ratio of 124.84, a price-to-earnings-growth ratio of 6.15 and a beta of 2.45. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion for 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 firm's quarterly revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.45 EPS for the current fiscal year.

Key Advanced Micro Devices News

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

• Positive Sentiment: Scaleway selected AMD for a new AI supercomputer in Sweden, providing evidence of customer adoption for AMD’s data-center GPUs and supporting its effort to compete with Nvidia in AI infrastructure. Scaleway to build AMD-powered AI supercomputer in Sweden
• Positive Sentiment: AMD’s Helion open rack blueprint combines EPYC CPUs and Instinct GPUs for agentic-AI workloads and is expected to be available in November. The platform could help AMD sell broader rack-scale systems rather than individual chips. AMD unveils Helion open rack blueprint for agentic AI
• Positive Sentiment: Fermi’s shares surged after announcing AMD financial support and a partnership, highlighting potential demand for AMD-powered computing in energy and AI infrastructure projects. Fermi partnership with AMD
• Neutral Sentiment: Market commentators remain constructive on semiconductor demand. Jim Cramer cited strong chip demand, while analysts highlighted AMD’s CPU growth potential; these views support the long-term outlook but do not immediately change earnings estimates. Jim Cramer on semiconductor stocks
• Negative Sentiment: AMD is being pulled lower by sector-wide profit-taking and risk concerns. Investors are worried that tighter financing could slow AI data-center expansion, while China’s growing semiconductor capabilities intensify competition. Why Intel and AMD stocks are falling
• Negative Sentiment: Valuation remains a key risk. After a substantial rally, AMD trades at a very high earnings multiple, leaving the stock vulnerable if AI revenue growth or customer spending falls short of expectations. Reports that a Trump-linked investment team sold AMD shares in August may also weigh on sentiment, although the sale is not a current company fundamental. Trump investment team AMD sale

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Benchmark upped their target price on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Wedbush reiterated an "outperform" rating and set a $600.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Stifel Nicolaus boosted their price target on Advanced Micro Devices from $635.00 to $700.00 and gave the company a "buy" rating in a report on Monday, October 5th. Sanford C. Bernstein reissued an "outperform" rating and issued a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group upped their price objective on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $603.51.

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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