Advanced Micro Devices, Inc. $AMD Stock: McGlone Suttner Wealth Management Inc. Boosts Stake

Key Points

• McGlone Suttner Wealth Management increased its AMD stake by 48.8% in the third quarter, while institutional investors collectively own 71.34% of the semiconductor company.
• AMD is expanding its AI infrastructure position through its Helion rack-scale platform and a planned AMD-powered Scaleway supercomputer, although analysts caution that the stock’s high valuation requires substantial future growth.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $593.82; however, insiders sold more than $105 million of shares over the past 90 days.

McGlone Suttner Wealth Management Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 48.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,054 shares of the semiconductor manufacturer's stock after purchasing an additional 1,330 shares during the quarter. McGlone Suttner Wealth Management Inc.'s holdings in Advanced Micro Devices were worth $2,480,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in shares of Advanced Micro Devices in the second quarter worth $7,022,226,000. BlackRock Inc. grew its stake in Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after acquiring an additional 4,535,126 shares in the last quarter. Jupiter Topco LLC purchased a new position in Advanced Micro Devices during the second quarter valued at $2,084,651,000. Wellington Management Group LLP grew its stake in Advanced Micro Devices by 33.9% during the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock valued at $5,422,444,000 after acquiring an additional 2,365,419 shares in the last quarter. Finally, State Street Corp grew its stake in Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock valued at $46,606,266,000 after acquiring an additional 2,149,563 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: New AI infrastructure platform: AMD introduced its Helion open rack-scale design for agentic AI, combining EPYC CPUs, Instinct GPUs and flexible CPU-only configurations. The platform is expected to become available in November and could expand AMD’s role in enterprise and hyperscale data centers. AMD unveils Helion open rack blueprint for agentic AI
• Positive Sentiment: Scaleway customer win: Cloud provider Scaleway plans to build an AMD-powered AI supercomputer in Sweden, providing evidence of demand for AMD’s data-center GPUs and CPUs. Scaleway to build AMD-powered AI supercomputer in Sweden
• Positive Sentiment: Long-term AI opportunity: CEO Lisa Su said AI inference and agentic applications could drive roughly $1.5 trillion in demand by 2030, supporting the bullish case for AMD’s accelerator and infrastructure roadmap. AMD CEO Lisa Su discusses AI inference demand
• Neutral Sentiment: Analyst optimism versus valuation risk: Some analysts see AMD’s CPU and AI growth supporting substantially higher prices, while other coverage highlights its very high earnings multiple and the need for future product growth to justify the valuation. AMD CPU boom lifts target
• Negative Sentiment: Broad semiconductor selloff: AMD shares fell alongside Nvidia, Intel and memory stocks as investors took profits after a powerful run and questioned whether financing constraints could slow AI data-center expansion. Intensifying competition from China added to the pressure. Why Intel and AMD stocks are falling
• Negative Sentiment: Demand and sentiment concerns: A reset in OpenAI revenue expectations has prompted investors to reassess AI spending and AMD’s potential accelerator demand, while the reported sale of up to $5 million of AMD stock by President Trump’s investment team adds a modest sentiment headwind. AMD stock falls after AI revenue reset

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company's stock, valued at $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 company's stock in a transaction that occurred 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 sale, the executive vice president owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This trade represents a 2.23% 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. Insiders sold a total of 213,838 shares of company stock valued at $105,533,836 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Sunday, October 4th. Piper Sandler assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, September 15th. They set an "overweight" rating and a $600.00 price objective for the company. Citigroup raised their price objective on Advanced Micro Devices from $575.00 to $800.00 and gave the company a "buy" rating in a research report on Tuesday, October 6th. Weiss Ratings raised Advanced Micro Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Finally, KeyCorp set a $650.00 target price on Advanced Micro Devices in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $593.82.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $1.55 during trading hours on Tuesday, reaching $595.79. The company's stock had a trading volume of 10,490,352 shares, compared to its average volume of 32,300,379. The firm has a 50 day moving average price of $531.14 and a 200-day moving average price of $463.99. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52. 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 stock has a market cap of $972.61 billion, a P/E ratio of 153.32, a P/E/G ratio of 6.29 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (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 firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. During the same period in the prior year, the company earned $0.48 EPS. The business's revenue was up 50.1% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices, Inc. will post 6.45 EPS for the current year.

About Advanced Micro Devices

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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