Advanced Micro Devices, Inc. $AMD Stock: Bokf Na Decreases Holdings

Key Points

• Bokf Na reduced its AMD stake by 3.9% in the third quarter, selling 2,810 shares and retaining 68,589 shares valued at approximately $42.0 million. Institutional investors collectively own 71.34% of AMD.
• AMD insiders have sold 231,100 shares worth about $114.9 million over the past 90 days, including sales by CEO Lisa Su and EVP Forrest Norrod under pre-arranged Rule 10b5-1 plans.
• Analysts remain broadly bullish, with AMD carrying a “Moderate Buy” consensus rating and a $607.57 average price target. Recent targets range as high as $800, supported by strong AI and data-center growth expectations, though AMD’s elevated valuation and competition from Nvidia remain risks.

Bokf Na cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,589 shares of the semiconductor manufacturer's stock after selling 2,810 shares during the quarter. Bokf Na's holdings in Advanced Micro Devices were worth $41,960,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Motley Fool Asset Management LLC boosted its holdings in shares of Advanced Micro Devices by 0.4% during the 3rd quarter. Motley Fool Asset Management LLC now owns 116,442 shares of the semiconductor manufacturer's stock worth $71,235,000 after buying an additional 408 shares during the period. Hanseatic Management Services Inc. grew its stake in Advanced Micro Devices by 2.7% in the 3rd quarter. Hanseatic Management Services Inc. now owns 5,285 shares of the semiconductor manufacturer's stock valued at $3,233,000 after buying an additional 141 shares during the last quarter. DecisionPoint Financial LLC grew its stake in Advanced Micro Devices by 79.2% in the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 19 shares during the last quarter. WPG Advisers LLC raised its holdings in Advanced Micro Devices by 17.9% in the 3rd quarter. WPG Advisers LLC now owns 1,287 shares of the semiconductor manufacturer's stock valued at $787,000 after acquiring an additional 195 shares during the period. Finally, North Dakota State Investment Board raised its holdings in Advanced Micro Devices by 4.0% in the 3rd quarter. North Dakota State Investment Board now owns 49,820 shares of the semiconductor manufacturer's stock valued at $30,478,000 after acquiring an additional 1,932 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Norrod sold 17,262 shares of the business's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the transaction, the executive vice president owned 353,317 shares in the company, valued at $191,038,501.90. The trade was a 4.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 25,000 shares of Advanced Micro Devices stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total value of $12,669,750.00. Following the sale, the chief executive officer owned 74,211 shares in the company, valued at $37,609,392.69. The trade was a 25.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 231,100 shares of company stock valued at $114,867,400. Company insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Mizuho raised their price objective on shares of Advanced Micro Devices from $580.00 to $705.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 6th. Susquehanna upped their target price on Advanced Micro Devices from $620.00 to $650.00 and gave the company a "positive" rating in a research report on Wednesday. Citigroup increased their target price on Advanced Micro Devices from $575.00 to $800.00 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. Benchmark increased 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. Finally, BMO Capital Markets started coverage on Advanced Micro Devices in a report on Thursday, August 20th. They set an "outperform" rating and a $550.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $607.57.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $578.44 on Thursday. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52. The stock's fifty day moving average price is $545.58 and its two-hundred day moving average price is $405.90. 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 firm has a market cap of $944.29 billion, a PE ratio of 148.70, a price-to-earnings-growth ratio of 5.30 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter last year, the business posted $0.48 earnings per share. The company's quarterly revenue was up 50.1% on a year-over-year basis. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.50 EPS 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: AMD will invest $1 billion in Meta’s equity offering as the companies expand their AI infrastructure relationship. Meta is testing AMD Helios rack-scale systems, uses EPYC processors and Instinct GPUs, and plans to deploy a customized Instinct accelerator. The agreement strengthens AMD’s visibility with a major hyperscaler and supports the company’s strategy of competing with Nvidia in AI computing. AMD to Invest $1 Billion in Meta as Companies Expand AI Infrastructure Partnership
• Positive Sentiment: Investors are positioning ahead of the November 3 earnings report. Expectations call for continued data-center momentum from EPYC server CPUs and Instinct AI accelerators, while AMD’s agreements with Meta and OpenAI covering potentially large GPU deployments reinforce the growth outlook. Dear AMD Stock Fans, Mark Your Calendar for November 3
• Positive Sentiment: Susquehanna raised its AMD price target to $650 from $620 and maintained a positive rating. Aletheia Capital separately lifted its target to $800 with a Buy rating, reflecting optimism about AI and data-center growth. Susquehanna Adjusts Price Target on Advanced Micro Devices to $650 From $620
• Neutral Sentiment: AMD also benefited from a broader semiconductor rally after strong results from SK Hynix, lifting sentiment across AI-chip stocks. AMD, Broadcom, and Micron Stocks Lead Chip Sector Higher
• Negative Sentiment: Valuation remains a key risk. Commentary notes AMD’s rapid run-up, high earnings multiple and increasing competition from Nvidia, while ARK Invest has continued selling AMD shares. Higher TSMC wafer and advanced-packaging prices could also pressure AMD’s margins if costs cannot be passed to customers. Taiwan Semiconductor Flexes Pricing Power on AI’s Frontline

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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