Advanced Micro Devices, Inc. $AMD Stock: GK Wealth Management LLC Trims Stake

Key Points

• GK Wealth Management cut its AMD stake by 40.6% in the third quarter, selling 994 shares and retaining 1,453 shares worth approximately $889,000. Institutional investors and hedge funds collectively own 71.34% of AMD.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $585.26; however, ratings range from Barclays’ “underweight” to multiple “strong-buy” and “buy” recommendations.
• AMD recently exceeded quarterly earnings and revenue estimates, with revenue up 50.1% year over year, but the stock’s elevated valuation and recent insider selling— totaling about $105.5 million over 90 days—remain key risks.

GK Wealth Management LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 40.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,453 shares of the semiconductor manufacturer's stock after selling 994 shares during the period. GK Wealth Management LLC's holdings in Advanced Micro Devices were worth $889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Citizens Financial Corp grew its position in shares of Advanced Micro Devices by 3.4% during 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. Private Client Services LLC increased its position in Advanced Micro Devices by 1.7% in the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer's stock valued at $660,000 after acquiring an additional 18 shares during the period. Box Hill Private Wealth LLC grew its stake in shares of Advanced Micro Devices by 2.5% in the third quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock worth $486,000 after purchasing an additional 19 shares in the last quarter. Bullock Wealth Management Group raised its position in shares of Advanced Micro Devices by 0.6% during the 3rd quarter. Bullock Wealth Management Group now owns 3,321 shares of the semiconductor manufacturer's stock worth $2,045,000 after buying an additional 20 shares in the last quarter. Finally, Baring Financial LLC increased its stake in shares of Advanced Micro Devices by 4.5% during the third quarter. Baring Financial LLC now owns 491 shares of the semiconductor manufacturer's stock valued at $300,000 after acquiring an additional 21 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the subject of several research reports. Barclays lowered shares of Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research report on Friday, June 12th. Loop Capital raised shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Tuesday, June 16th. TD Cowen reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Argus lifted their target price on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company raised their price target on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $585.26.

Insiders Place Their Bets

In other news, SVP Ava Hahn sold 2,993 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total value of $1,462,649.17. Following the sale, the senior vice president directly owned 26,623 shares in the company, valued at approximately $13,010,393.87. This represents a 10.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the business's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their position. 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. Insiders have sold a total of 213,838 shares of company stock valued at $105,533,836 over the last 90 days. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Down 2.0%

Shares of AMD stock opened at $608.10 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The stock has a 50 day moving average of $528.95 and a 200-day moving average of $459.44. The firm has a market cap of $992.71 billion, a PE ratio of 156.32, a price-to-earnings-growth ratio of 6.39 and a beta of 2.45. 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 released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share 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 during the quarter, compared to analysts' expectations of $11.31 billion. During the same quarter last year, the company earned $0.48 earnings per share. The firm's revenue was up 50.1% on a year-over-year basis. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 6.48 EPS for the current year.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AI infrastructure demand remains strong. TSMC reported record quarterly revenue, while Samsung also posted exceptionally strong results tied to AI memory demand—supportive read-throughs for AMD’s data-center and accelerator businesses. TSMC quarterly results
• Positive Sentiment: AMD is reportedly exploring a foundry and memory partnership with Samsung, potentially improving access to critical manufacturing and high-bandwidth memory as AI chip supply remains constrained. AMD Samsung partnership
• Positive Sentiment: The partnership with Core Scientific highlights potential demand for AMD-powered AI data centers, while analysts and bullish commentators continue to see upside from CPUs, accelerators and inference chips. Core Scientific and AMD partnership
• Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3. The report will be an important test of whether accelerating AI demand can justify the stock’s elevated valuation. AMD earnings date
• Negative Sentiment: Valuation concerns are dominating sentiment. AMD was cited as trading near 125 times free cash flow, far above Broadcom’s roughly 46 times, leaving little room for execution missteps or slower growth. AMD versus Broadcom valuation
• Negative Sentiment: A broader market selloff, rising Treasury yields and higher oil prices pressured richly valued technology shares. ARK Invest also sold approximately $14 million of AMD stock, adding a modest negative sentiment signal. ARK Invest AMD sale

Advanced Micro Devices Company Profile

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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