Advanced Micro Devices, Inc. $AMD Stock Purchased by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management increased its AMD stake by 6,968.7% in the third quarter, acquiring 138,328 additional shares for a total of 140,313 shares valued at approximately $86 million. Institutional investors collectively own 71.34% of AMD.
• AMD reported quarterly revenue of $11.54 billion and EPS of $1.66, exceeding analyst expectations, while revenue rose 50.1% year over year. Analysts remain broadly bullish, with several firms raising price targets to $700–$720 and a consensus rating of “Moderate Buy.”
• AMD shares recently traded near $631.80 after reaching a $645.46 one-year high, but the stock carries a high valuation with a P/E ratio of 162.42. Insiders, including CEO Lisa Su and EVP Forrest Norrod, sold shares under pre-arranged trading plans, while potential share commitments to OpenAI and Meta raise dilution concerns.

Ferguson Wellman Capital Management Inc. increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6,968.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,313 shares of the semiconductor manufacturer's stock after acquiring an additional 138,328 shares during the quarter. Advanced Micro Devices comprises about 1.0% of Ferguson Wellman Capital Management Inc.'s portfolio, making the stock its 23rd largest holding. Ferguson Wellman Capital Management Inc.'s holdings in Advanced Micro Devices were worth $85,995,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMD. Southpoint Capital Advisors LP raised its holdings in Advanced Micro Devices by 50.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after buying an additional 300,000 shares during the period. Boomfish Wealth Group LLC purchased a new position in Advanced Micro Devices in the first quarter worth $1,193,000. Dimensional Fund Advisors LP lifted its holdings in shares of Advanced Micro Devices by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock valued at $1,045,954,000 after purchasing an additional 291,165 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $100,834,000. Finally, Nan Shan Life Insurance Co. Ltd. grew its stake in Advanced Micro Devices by 1,288.6% during the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer's stock worth $127,899,000 after buying an additional 204,315 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Stifel reiterated its Buy rating and raised its price target from $635 to $700, citing expectations for a third-quarter earnings beat and higher guidance. EPYC server processors are expected to drive results, while the MI450 AI platform and profit margins will be key to the fourth-quarter outlook. AMD Q3 Preview and Stifel Analyst Outlook
• Positive Sentiment: Analysts continue to view AMD as a major beneficiary of expanding AI infrastructure and inference demand. Its established CPU business in servers and PCs provides revenue and cash flow while the company builds its AI accelerator franchise. AMD CPU Business and AI Ambitions
• Positive Sentiment: Rosenblatt maintained a Buy rating and a $700 target after AMD announced its planned acquisition of World Labs, an AI model and research company. The deal could strengthen AMD’s AI capabilities and software ecosystem, although investors are weighing the cost. AMD World Labs Acquisition and Valuation
• Neutral Sentiment: AMD has reached a roughly $1 trillion market capitalization following a substantial annual rally. The milestone reinforces investor confidence in its AI opportunity but leaves less room for execution disappointments. AMD Reaches a One Trillion Dollar Market Cap
• Negative Sentiment: AMD has reportedly promised OpenAI and Meta up to 320 million shares for a nominal price under customer-related arrangements. While the commitments could deepen strategic partnerships and future demand, the potential increase in shares outstanding creates meaningful dilution for existing investors. AMD OpenAI and Meta Share Commitments
• Negative Sentiment: Commentary highlights that AMD’s valuation now assumes exceptional AI growth, while Nvidia remains larger, faster-growing and potentially more attractively valued. That valuation gap is encouraging some investors to lock in gains despite bullish long-term forecasts. AMD Versus Nvidia Valuation

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total value of $8,683,146.05. Following the completion of the transaction, the executive vice president directly owned 363,317 shares of the company's stock, valued at $182,766,616.85. The trade was a 4.54% decrease in their position. The transaction 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, CEO Lisa Su sold 70,000 shares of the company's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the sale, the chief executive officer directly owned 3,032,156 shares in the company, valued at $1,536,696,660.80. This represents a 2.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 213,838 shares of company stock worth $105,533,836 in the last quarter. Insiders own 0.50% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD traded down $2.11 during mid-day trading on Monday, hitting $631.80. 7,476,443 shares of the company were exchanged, compared to its average volume of 32,733,998. The stock has a market cap of $1.03 trillion, a price-to-earnings ratio of 162.42, a price-to-earnings-growth ratio of 6.58 and a beta of 2.45. The company has a 50 day moving average of $512.65 and a 200-day moving average of $446.10. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $645.46. 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 announced its quarterly earnings data 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 return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter last year, the business posted $0.48 earnings per share. The firm's revenue was up 50.1% compared to the same quarter last year. Analysts expect that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMD. Wells Fargo & Company raised their price target on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Stifel Nicolaus boosted their target price on shares of Advanced Micro Devices from $635.00 to $700.00 and gave the stock a "buy" rating in a research report on Monday. Bank of America upped their price target on shares of Advanced Micro Devices from $620.00 to $720.00 and gave the company a "buy" rating in a research note on Friday, September 25th. UBS Group reissued an "overweight" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, Morgan Stanley raised their target price on Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $569.25.

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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