Advanced Micro Devices, Inc. $AMD Stock: NorthCrest Asset Manangement LLC Increases Position

Key Points

• NorthCrest Asset Management increased its AMD position by 2.8% in the third quarter, bringing its holdings to 115,221 shares valued at approximately $71.5 million. 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 $593.82; individual targets include Rosenblatt’s $700 target and Goldman Sachs’ $640 target.
• AMD reported 50.1% year-over-year revenue growth in its latest quarter, but the stock’s roughly 153 P/E ratio and recent insider sales—including transactions by CEO Lisa Su—highlight valuation and sentiment risks.

NorthCrest Asset Manangement LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,221 shares of the semiconductor manufacturer's stock after buying an additional 3,143 shares during the period. Advanced Micro Devices makes up 1.7% of NorthCrest Asset Manangement LLC's holdings, making the stock its 10th largest position. NorthCrest Asset Manangement LLC's holdings in Advanced Micro Devices were worth $71,515,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMD. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $7,022,226,000. BlackRock Inc. lifted its position in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares during the period. Jupiter Topco LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter valued at about $2,084,651,000. Wellington Management Group LLP increased its holdings in shares of Advanced Micro Devices by 33.9% in 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 purchasing an additional 2,365,419 shares during the period. Finally, State Street Corp lifted its holdings in shares of 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 worth $46,606,266,000 after purchasing an additional 2,149,563 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMD shares. Weiss Ratings upgraded shares of Advanced Micro Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Wall Street Zen raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Sunday, October 4th. Zacks Research lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 1st. Rosenblatt Securities restated a "buy" rating and set a $700.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, September 29th. Finally, The Goldman Sachs Group upped their price target on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the company a "buy" rating in a report on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $593.82.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: New AI infrastructure platform: AMD unveiled Helion, an open rack-scale system combining EPYC CPUs, Instinct GPUs and software for enterprise and hyperscale “agentic AI” workloads. The platform can support configurations with up to 32,768 CPU cores and is intended to broaden AMD’s data-center opportunity. Introducing AMD Helion, Agentic AI Compute at Rack Scale
• Positive Sentiment: Customer adoption in Europe: French cloud provider Scaleway plans to build an AMD-powered AI supercomputer in Sweden. The project provides evidence of demand for AMD systems and supports the company’s push to gain data-center share from Nvidia. Scaleway to build AMD-powered AI supercomputer in Sweden
• Positive Sentiment: Constructive analyst outlook: One analysis raised its AMD price target to $1,200, citing a CPU growth cycle and the company’s expanding AI opportunity. AMD also joined Nvidia, Google and Meta in a data-center design initiative, potentially improving ecosystem interoperability. AMD: CPU Boom Lifts Target To $1,200
• Neutral Sentiment: Investor positioning is mixed: President Donald Trump’s investment team disclosed selling as much as $5 million of AMD shares in August. The transaction is not necessarily a current fundamental signal, but it may add short-term sentiment pressure. Investment team sold AMD shares in August
• Negative Sentiment: Sector-wide risk-off trading: Chip stocks, including AMD, Nvidia and Intel, have weakened amid concerns about AI financing, intensifying Chinese competition in advanced memory and profit-taking after major 2026 gains.
• Negative Sentiment: Valuation and demand concerns: AMD trades at roughly 153 times earnings after a sharp rally, making it vulnerable during earnings season. Reports that OpenAI’s revenue outlook is below earlier expectations have also prompted investors to question the pace of AI infrastructure spending and AMD accelerator demand. Nvidia and AMD shares fall as AI announcements fail to re-energize investors

Insider Buying and Selling

In related news, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 70,000 shares of the company's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the transaction, the chief executive officer owned 3,032,156 shares of the company's stock, valued at approximately $1,536,696,660.80. This trade represents a 2.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 worth $105,533,836 in the last ninety days. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

AMD opened at $594.24 on Tuesday. The firm has a fifty day moving average price of $531.14 and a 200 day moving average price of $463.99. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The stock has a market cap of $970.08 billion, a P/E ratio of 152.76, a P/E/G ratio of 6.29 and a beta of 2.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm's revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current year.

Advanced Micro Devices 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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