Advanced Micro Devices, Inc. $AMD Stock: BOCHK Asset Management Ltd Increases Stake

Key Points

• BOCHK Asset Management nearly doubled its AMD stake to 44,450 shares during the third quarter, worth approximately $27.2 million and representing 3.8% of its portfolio. Institutional investors collectively own 71.34% of AMD.
• AMD insiders sold 231,100 shares worth about $114.9 million over the past 90 days, though the reported transactions were conducted under pre-arranged Rule 10b5-1 trading plans.
• AMD shares were trading at $466.84 after a 7.5% decline, while analysts maintained a “Moderate Buy” consensus and an average price target of $608.78. Investors are focused on AI demand, Helios shipments, fourth-quarter guidance and competitive pressure from Nvidia.

BOCHK Asset Management Ltd raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 89.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,450 shares of the semiconductor manufacturer's stock after buying an additional 21,040 shares during the quarter. Advanced Micro Devices accounts for about 3.8% of BOCHK Asset Management Ltd's investment portfolio, making the stock its 6th largest position. BOCHK Asset Management Ltd's holdings in Advanced Micro Devices were worth $27,193,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Southpoint Capital Advisors LP boosted its holdings in Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after purchasing an additional 300,000 shares during the period. Dimensional Fund Advisors LP grew its position in Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock worth $1,045,954,000 after buying an additional 291,165 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in Advanced Micro Devices by 6,968.7% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock valued at $85,995,000 after acquiring an additional 138,328 shares during the period. Douglas Lane & Associates LLC increased its stake in Advanced Micro Devices by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer's stock valued at $52,582,000 after acquiring an additional 82,934 shares during the period. Finally, Nan Shan Life Insurance Co. Ltd. increased its stake in Advanced Micro Devices by 1,288.6% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer's stock valued at $127,899,000 after acquiring an additional 204,315 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark Papermaster sold 28,811 shares of the firm'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 completion of the sale, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of Advanced Micro Devices stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the transaction, the executive vice president owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. The trade was a 4.66% 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 over the last 90 days. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Down 7.5%

Shares of NASDAQ AMD opened at $466.84 on Tuesday. The stock has a market cap of $762.10 billion, a PE ratio of 120.01, a PEG ratio of 5.94 and a beta of 2.45. The business has a fifty day moving average of $548.16 and a two-hundred day moving average of $410.43. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. 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 (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the previous year, the company earned $0.48 EPS. The firm's revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current fiscal year.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Expectations remain favorable for AMD’s AI business. Its Helios AI systems began shipping in September, and investors will look for evidence that the product ramp can accelerate revenue growth. Analysts also cite strong AI demand and increasing EPYC server adoption as potential catalysts. AMD Reports Tuesday: Here’s the Number That Will Show Whether It’s Gaining on Nvidia
• Positive Sentiment: Morgan Stanley raised its AMD price target from $465 to $510 while maintaining an Equal Weight rating, suggesting some upside despite a cautious stance. Separately, Tiger Global reportedly initiated a roughly $392 million AMD position, signaling institutional interest ahead of earnings. Morgan Stanley AMD Ratings
• Neutral Sentiment: Third-quarter revenue is expected to be close to AMD’s approximately $13 billion forecast, making fourth-quarter guidance the key share-price catalyst. Investors will focus on the pace of Helios shipments, AI demand from hyperscalers and management’s outlook for Nvidia competition. AMD’s Guidance in Focus During Q3 Results
• Negative Sentiment: AMD is entering the report after a sharp pullback from its high, with options markets implying substantial post-earnings volatility and some data suggesting a possible further decline. Its elevated valuation increases the risk of a negative reaction if guidance fails to exceed expectations. Ahead of AMD Earnings: What Barchart Data Says Comes Next
• Negative Sentiment: Intel’s warning has revived concerns about weakness in the PC market, while rising memory prices and tighter supply could pressure costs across AI infrastructure. Analysts have also flagged competition, high expectations and “circular investing” risks involving AI companies.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMD shares. 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 report on Friday, September 25th. KeyCorp set a $650.00 target price on Advanced Micro Devices in a research report on Wednesday, August 5th. Morgan Stanley raised their target price on Advanced Micro Devices from $465.00 to $510.00 and gave the stock an "equal weight" rating in a research report on Monday. Sanford C. Bernstein reiterated an "outperform" rating and set a $650.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $608.78.

Advanced Micro Devices Company 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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