Advanced Micro Devices, Inc. $AMD Stock: Axxcess Wealth Management LLC Reduces Holdings

Key Points

• Axxcess Wealth Management reduced its AMD stake by 5.9% in the third quarter, selling 2,062 shares and retaining 32,760 shares valued at approximately $20.0 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• Analysts remain broadly bullish, with AMD holding a consensus “Moderate Buy” rating and an average price target of $606.76. Recent target increases included Bank of America to $720 and Mizuho to $705.
• AMD shares were trading down 8.1% amid a broader chip sell-off and valuation concerns, despite strong quarterly results that beat earnings and revenue estimates and showed 50.1% year-over-year revenue growth. Insiders also sold $114.9 million of stock over the past 90 days under pre-arranged trading plans.

Axxcess Wealth Management LLC trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,760 shares of the semiconductor manufacturer's stock after selling 2,062 shares during the quarter. Advanced Micro Devices accounts for 0.8% of Axxcess Wealth Management LLC's portfolio, making the stock its 18th largest position. Axxcess Wealth Management LLC's holdings in Advanced Micro Devices were worth $20,041,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AMD. First Citizens Financial Corp increased its stake in shares of Advanced Micro Devices by 3.4% in the third quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock worth $300,000 after acquiring an additional 16 shares during the last quarter. Fearless Solutions LLC dba Best Invest raised its holdings in shares of Advanced Micro Devices by 1.5% during the third quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer's stock worth $718,000 after acquiring an additional 17 shares in the last quarter. Private Client Services LLC raised its holdings in shares of 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 acquiring an additional 18 shares in the last quarter. Box Hill Private Wealth LLC boosted its position in Advanced Micro Devices by 2.5% during the third quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock valued at $486,000 after purchasing an additional 19 shares during the last quarter. Finally, Bullock Wealth Management Group boosted its position in Advanced Micro Devices by 0.6% during the third quarter. Bullock Wealth Management Group now owns 3,321 shares of the semiconductor manufacturer's stock valued at $2,045,000 after purchasing an additional 20 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Bank of America raised their price target on Advanced Micro Devices from $620.00 to $720.00 and gave the stock a "buy" rating in a research note on Friday, September 25th. Jefferies Financial Group set a $650.00 price objective on Advanced Micro Devices in a report on Wednesday, August 5th. William Blair reaffirmed a "market perform" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Mizuho lifted their target price on shares of Advanced Micro Devices from $580.00 to $705.00 and gave the company an "outperform" rating in a research note on Tuesday, October 6th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $606.76.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Norrod sold 17,262 shares of the firm's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the transaction, the executive vice president directly owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. This trade represents a 4.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 70,000 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the sale, the chief executive officer directly owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. The trade was a 2.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 231,100 shares of company stock worth $114,867,400 in the last ninety days. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Trading Down 8.1%

Shares of AMD opened at $507.93 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. 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 firm has a market capitalization of $829.18 billion, a price-to-earnings ratio of 130.57, a P/E/G ratio of 5.67 and a beta of 2.45. The stock's 50-day moving average price is $541.49 and its 200 day moving average price is $483.21.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $11.54 billion for 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%. Advanced Micro Devices's quarterly revenue was up 50.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 earnings per share. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD continues to receive support from expected long-term AI demand. Vultr is expanding its AMD-powered infrastructure with a 20-megawatt MI355X GPU supercluster in India, while additional physical-AI and robotics projects could broaden the company’s opportunity beyond traditional data centers. Vultr and AMD Expand Global Collaboration
• Positive Sentiment: Analyst support remains a counterweight to the sell-off. Susquehanna raised its AMD price target from $550 to $620 with a positive rating, and Wedbush reaffirmed an Outperform view, citing server CPU demand and potential data-center upside. Susquehanna AMD price target
• Neutral Sentiment: Nvidia’s planned standalone CPU and Supermicro’s 256-CPU Vera rack highlight growing competition in a market historically led by AMD and Intel. The development validates demand for CPUs in agentic AI workloads but could pressure AMD’s competitive position. Nvidia enters the CPU market
• Negative Sentiment: Renewed attacks in Saudi Arabia pushed oil prices higher, intensifying inflation and interest-rate concerns. Higher financing costs could make the capital-intensive AI infrastructure build-out more difficult to sustain, particularly as Meta’s cash spending caused investors to question the durability of the AI boom. Why AMD Stock Fell
• Negative Sentiment: A broader chip sell-off was amplified by supply-chain warnings and weakness in the PC market, overshadowing bullish AI data-center forecasts. Investors are also cautious because AMD has already experienced substantial gains and trades at a demanding valuation, leaving less room for disappointing guidance. AMD stock drops in chip sell-off

Advanced Micro Devices Profile

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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