Advanced Micro Devices, Inc. $AMD Stock Position Boosted by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors increased its AMD position by 7.9% in the third quarter, owning 36,607 shares valued at approximately $23.9 million. Institutional investors collectively hold 71.34% of AMD’s stock.
• Analyst sentiment remains broadly positive: AMD has a “Moderate Buy” consensus rating and an average price target of $603.51, with several firms recently raising their targets amid optimism around data centers and AI accelerators.
• AMD reported strong operating momentum, with quarterly revenue rising 50.1% year over year to $11.54 billion and EPS of $1.66, but its elevated valuation, semiconductor-sector selloff and recent insider selling remain potential headwinds.

Frank Rimerman Advisors LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,607 shares of the semiconductor manufacturer's stock after purchasing an additional 2,684 shares during the quarter. Advanced Micro Devices makes up about 1.3% of Frank Rimerman Advisors LLC's investment portfolio, making the stock its 16th largest position. Frank Rimerman Advisors LLC's holdings in Advanced Micro Devices were worth $23,935,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMD. Encompass More Asset Management boosted its stake in shares of Advanced Micro Devices by 62.0% in the 3rd quarter. Encompass More Asset Management now owns 3,316 shares of the semiconductor manufacturer's stock valued at $2,029,000 after purchasing an additional 1,269 shares in the last quarter. Western Pacific Wealth Management LP grew its holdings in shares of Advanced Micro Devices by 4.2% during the 3rd quarter. Western Pacific Wealth Management LP now owns 1,737 shares of the semiconductor manufacturer's stock valued at $1,063,000 after purchasing an additional 70 shares during the last quarter. Dynamic Wealth Strategies LLC raised its position in Advanced Micro Devices by 44.4% in the 3rd quarter. Dynamic Wealth Strategies LLC now owns 273 shares of the semiconductor manufacturer's stock worth $167,000 after purchasing an additional 84 shares during the period. 1834 Investment Advisors Co. raised its position in Advanced Micro Devices by 4.6% in the 3rd quarter. 1834 Investment Advisors Co. now owns 5,046 shares of the semiconductor manufacturer's stock worth $3,087,000 after purchasing an additional 221 shares during the period. Finally, USA Financial Formulas purchased a new position in Advanced Micro Devices in the 3rd quarter worth $2,057,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Arete raised its AMD price target to $612 from $540, while recent commentary highlighted the company’s expanding data-center business, AI accelerator opportunity and open Helion rack-scale architecture. Arete Adjusts Price Target on Advanced Micro Devices
• Positive Sentiment: AMD’s credit-support agreement for Fermi’s Texas data-center power lease is viewed as a potential AI infrastructure catalyst, although Fermi still faces liquidity and lease-related risks. AMD's Support Could Help Fermi Stock
• Neutral Sentiment: ETF investors were net sellers of AMD on October 14, adding to short-term trading pressure but offering little insight into the company’s operating outlook. ETFs Are Net Sellers of AMD
• Negative Sentiment: A broad semiconductor selloff intensified after a Qualcomm jury verdict, with Arm, AMD and Taiwan Semiconductor declining together. Investors are questioning whether AI infrastructure spending can sustain current expectations, particularly as elevated interest rates pressure richly valued growth stocks. Arm and AMD Fall as Qualcomm Verdict Adds to Chip Selloff
• Negative Sentiment: Analysts and investors are also reassessing AMD’s elevated valuation, AI financing risks and the sustainability of extremely high data-center spending. Reports of widespread insider selling may further weigh on sentiment, even though institutional ownership remains substantial. AMD Slides as Chip Selloff Continues

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMD. Argus boosted their price target on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. DA Davidson raised their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. BMO Capital Markets started coverage on Advanced Micro Devices in a research note on Thursday, August 20th. They set an "outperform" rating and a $550.00 price objective on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Stifel Nicolaus boosted their target price on Advanced Micro Devices from $635.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, October 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $603.51.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $528.75 on Monday. 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, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. The company's 50 day moving average price is $537.02 and its 200-day moving average price is $474.16. The stock has a market capitalization of $863.17 billion, a price-to-earnings ratio of 135.93, a P/E/G ratio of 5.43 and a beta of 2.45.

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 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 company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same period in the prior year, the business posted $0.48 EPS. The firm's revenue was up 50.1% compared to the same quarter last year. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.49 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Grasby sold 15,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Forrest Norrod sold 17,261 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the sale, the executive vice president owned 363,317 shares of the company's stock, valued at approximately $182,766,616.85. This represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 213,838 shares of company stock valued at $105,533,836. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Company 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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