Advanced Micro Devices, Inc. $AMD Stock: Choreo LLC Boosts Holdings

Key Points

• Choreo LLC increased its AMD stake by 9.4% in the third quarter, bringing its holdings to 41,075 shares valued at $25.1 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD’s expanded partnership with Meta, including a planned $1 billion investment and multi-generation AI-chip collaboration, could support future data-center demand. Analysts maintain a generally bullish view, with an average “Moderate Buy” rating and a $607.57 price target.
• Despite strong growth and positive earnings momentum, AMD faces risks from its elevated valuation, potential chip-supply and margin pressures, and heavy insider selling. Shares opened at $566.42, while the company is scheduled to report earnings on November 3.

Choreo LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,075 shares of the semiconductor manufacturer's stock after buying an additional 3,530 shares during the quarter. Choreo LLC's holdings in Advanced Micro Devices were worth $25,128,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Argentarii LLC lifted its holdings in shares of Advanced Micro Devices by 1.1% in the third quarter. Argentarii LLC now owns 3,038 shares of the semiconductor manufacturer's stock valued at $1,859,000 after purchasing an additional 34 shares in the last quarter. Sterling Financial Planning Inc. acquired a new stake in shares of Advanced Micro Devices in the third quarter worth $207,000. Sage Rhino Capital LLC boosted its position in shares of Advanced Micro Devices by 5.2% in the third quarter. Sage Rhino Capital LLC now owns 2,273 shares of the semiconductor manufacturer's stock worth $1,391,000 after buying an additional 113 shares during the period. Foundry Financial Group Inc. boosted its position in shares of Advanced Micro Devices by 5.6% in the third quarter. Foundry Financial Group Inc. now owns 473 shares of the semiconductor manufacturer's stock worth $289,000 after buying an additional 25 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its holdings in shares of Advanced Micro Devices by 4.1% during the third quarter. Financial Network Wealth Advisors LLC now owns 530 shares of the semiconductor manufacturer's stock valued at $324,000 after buying an additional 21 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD expanded its partnership with Meta Platforms, including a planned $1 billion investment in Meta and multi-generation co-design of Instinct GPUs, EPYC processors and Helios rack-scale systems. The agreement covers Meta’s gigawatt-scale AI infrastructure and could support significant future chip demand. AMD Meta partnership article
• Positive Sentiment: Meta’s deployment of AMD hardware for AI models, along with reported agreements involving OpenAI and Anthropic, reinforces AMD’s position as a major alternative to Nvidia in the data-center accelerator market. AMD AI partnership article
• Positive Sentiment: Analysts expect AMD’s upcoming third-quarter results and outlook to benefit from continued demand for EPYC server CPUs and Instinct AI accelerators. Susquehanna also raised its price target to $650 and maintained a positive rating. AMD earnings preview
• Neutral Sentiment: AMD is scheduled to report earnings on November 3. After a powerful year-to-date rally, investors will likely focus less on a quarterly beat and more on 2027 data-center revenue expectations, supply availability, margins and forward guidance. AMD valuation and earnings article
• Negative Sentiment: Jefferies warned that AMD’s demanding valuation and potential supply constraints could limit near-term upside, even if the company beats estimates and raises guidance. Taiwan Semiconductor’s higher wafer and advanced-packaging prices also create a potential margin risk for AMD. Jefferies AMD outlook
• Negative Sentiment: Semiconductor stocks came under pressure after Alphabet’s results highlighted the enormous expense of AI infrastructure, while lighter-than-expected spending signals from major technology companies raised concerns about the sustainability and returns of the AI investment cycle. AI infrastructure market reaction
• Negative Sentiment: AMD’s valuation leaves little room for disappointment after its substantial rally, and ARK Invest’s continued reduction of its AMD position adds a modest negative sentiment signal.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 25,000 shares of the business's stock in a transaction dated 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 353,317 shares in the company, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. UBS Group reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Stifel Nicolaus increased their price objective on Advanced Micro Devices from $635.00 to $700.00 and gave the stock a "buy" rating in a research note on Monday, October 5th. Rosenblatt Securities restated a "buy" rating and set a $700.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, September 29th. Weiss Ratings raised Advanced Micro Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Finally, The Goldman Sachs Group lifted their target price on Advanced Micro Devices from $450.00 to $640.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Three investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $607.57.

Advanced Micro Devices Trading Down 2.1%

Shares of NASDAQ:AMD opened at $566.42 on Friday. The firm has a fifty day moving average of $547.58 and a two-hundred day moving average of $407.71. The firm has a market capitalization of $924.67 billion, a P/E ratio of 145.61, a price-to-earnings-growth ratio of 5.94 and a beta of 2.45. 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.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly 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 business had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. During the same period in the previous year, the company posted $0.48 EPS. Advanced Micro Devices's revenue was up 50.1% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.

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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