Advanced Micro Devices, Inc. $AMD Stock: Grant Private Wealth Management Inc Decreases Stake

Key Points

• Grant Private Wealth Management cut its AMD stake by 7.1% in the third quarter, selling 1,037 shares and retaining 13,548 shares valued at approximately $8.29 million. Institutional investors collectively own 71.34% of AMD.
• Analysts remain broadly bullish, with AMD receiving a “Moderate Buy” consensus rating and an average price target of $603.51; individual targets range as high as $700.
• AMD reported quarterly revenue growth of 50.1% year over year and earnings above estimates, but the stock’s elevated valuation remains a risk. CEO Lisa Su and other insiders have sold shares recently, with insiders selling about $105.5 million worth of stock over the past 90 days.

Grant Private Wealth Management Inc lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,548 shares of the semiconductor manufacturer's stock after selling 1,037 shares during the period. Advanced Micro Devices makes up 3.6% of Grant Private Wealth Management Inc's investment portfolio, making the stock its 6th largest holding. Grant Private Wealth Management Inc's holdings in Advanced Micro Devices were worth $8,288,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Advanced Micro Devices in the third quarter worth $29,000. JNBA Financial Advisors increased its position in shares of Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock valued at $30,000 after purchasing an additional 30 shares during the last quarter. Downshift Financial LLC increased its position in shares of Advanced Micro Devices by 850.0% during the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock valued at $35,000 after purchasing an additional 51 shares during the last quarter. Bullseye Investment Management LLC bought a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $44,000. Finally, Luminist Capital LLC bought a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on AMD shares. Melius Research set a $660.00 price target on Advanced Micro Devices in a report on Friday, July 24th. Stifel Nicolaus raised 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. BMO Capital Markets initiated coverage on Advanced Micro Devices in a research report on Thursday, August 20th. They set an "outperform" rating and a $550.00 price objective on the stock. Truist Financial lifted their price objective on Advanced Micro Devices from $478.00 to $594.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, Susquehanna boosted their price objective on Advanced Micro Devices from $450.00 to $500.00 and gave the company a "positive" rating in a research note on Thursday, July 30th. Three investment 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 given a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $603.51.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $528.75 on Monday. The firm has a market capitalization of $863.17 billion, a PE ratio of 135.93, a PEG ratio of 5.43 and a beta of 2.45. The stock's fifty day moving average is $537.02 and its 200 day moving average is $474.16. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two 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, topping 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 business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same period last year, the company posted $0.48 earnings per share. The company's quarterly revenue was up 50.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current year.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Investors are looking ahead to AMD’s Nov. 3 earnings report, with management guiding for approximately $13 billion in third-quarter revenue—about 41% year-over-year growth. AMD has exceeded the high end of its own revenue guidance in each of the past two quarters, supporting optimism for another beat. AMD Stock Is Up Over 140% This Year. I'd Still Buy It Before Its Nov. 3 Report.
• Positive Sentiment: KeyCorp raised its forecast for third-quarter 2026 EPS to $1.84 from $1.64 and lifted its full-year 2027 estimate to $19.17 from $16.81. The revisions reflect expectations for accelerating earnings from AMD’s data-center and AI businesses. KeyCorp Expects Higher Earnings for Advanced Micro Devices
• Positive Sentiment: AMD is being highlighted as a potential beneficiary of long-term AI infrastructure and high-performance-computing demand. Its high-precision chips support research, energy, medical and defense workloads, while partnerships involving AMD GPUs could improve adoption without requiring customers to buy entirely new hardware. Why Is Advanced Micro Devices Gaining Ground in AI Infrastructure?
• Neutral Sentiment: AMD is viewed as more diversified than Nvidia because a smaller portion of its sales depends on data centers. That diversification may provide some protection in a slowdown, although the company remains substantially exposed to AI spending and the broader semiconductor cycle. Nvidia vs. AMD: Which Business Is More Exposed to a Data-Center Slowdown?
• Negative Sentiment: The principal concern is valuation: AMD’s rally has priced in significant future growth, while its growth rate still trails Nvidia’s. KeyCorp lowered its fourth-quarter 2026 EPS forecast to $2.80 from $2.96 and trimmed its full-year 2026 estimate to $7.15 from $7.28. A broader AI sell-off or disappointing guidance could therefore trigger substantial pressure. 1 Red Flag That AMD Investors Should Be Aware Of Now

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 70,000 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the completion of the sale, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president owned 117,687 shares in the company, valued at approximately $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 213,838 shares of company stock worth $105,533,836. Insiders own 0.50% of the company's stock.

About Advanced Micro Devices

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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