Advanced Micro Devices, Inc. $AMD Stock Purchased by Encompass More Asset Management

Key Points

• Encompass More Asset Management increased its AMD stake by 62% in the third quarter, ending with 3,316 shares valued at approximately $2.03 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD reported quarterly earnings of $1.66 per share and revenue of $11.54 billion, exceeding analyst estimates, while revenue grew 50.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $603.51.
• Despite optimism around AMD’s data-center and AI businesses, the stock faces valuation and market risks, including a broad semiconductor selloff and concerns about sustainable AI spending. AMD insiders sold more than $105 million in shares over the past 90 days, including sales by CEO Lisa Su and EVP Mark Papermaster.

Encompass More Asset Management grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 62.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,316 shares of the semiconductor manufacturer's stock after acquiring an additional 1,269 shares during the quarter. Encompass More Asset Management's holdings in Advanced Micro Devices were worth $2,029,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AMD. BlackRock Inc. raised its stake in Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after purchasing an additional 4,535,126 shares in the last quarter. State Street Corp lifted its position 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 worth $46,606,266,000 after purchasing an additional 2,149,563 shares during the period. Bank of America Corp DE bought a new stake in Advanced Micro Devices during the second quarter worth about $7,022,226,000. Jennison Associates LLC lifted its position in Advanced Micro Devices by 5.8% during the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock worth $5,793,388,000 after purchasing an additional 545,575 shares during the period. Finally, 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 worth $5,422,444,000 after buying an additional 2,365,419 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Advanced Micro Devices

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

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $528.75 on Monday. The company has a market cap of $863.17 billion, a price-to-earnings ratio of 135.93, a PEG ratio of 5.43 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. The firm has a 50 day simple moving average of $537.02 and a 200 day simple moving average of $474.16. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion for 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 company's revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Research analysts predict that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lisa Su sold 70,000 shares of the firm's stock in a transaction on 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 sale, the chief executive officer owned 3,032,156 shares of the company's stock, valued at $1,536,696,660.80. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. The trade was a 2.23% 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 sold 213,838 shares of company stock worth $105,533,836 in the last ninety days. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AMD. Susquehanna raised their target price on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the company a "positive" rating in a report on Thursday, July 30th. CLSA restated an "outperform" rating and issued a $710.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, September 9th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Wedbush reiterated an "outperform" rating and set a $600.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. 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 issued a Sell rating to the company's stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $603.51.

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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