Advanced Micro Devices, Inc. $AMD Stock Purchased by Gibbs Wealth Management

Key Points

• Gibbs Wealth Management increased its AMD position by 37.5% in the third quarter, adding 2,199 shares for a total holding of 8,062 shares valued at approximately $4.93 million. Institutional investors collectively own 71.34% of AMD.
• Analyst sentiment remains favorable, with AMD carrying a “Moderate Buy” consensus rating and an average price target of $606.76; targets recently ranged from $465 to $705.
• AMD reported 50.1% year-over-year revenue growth and quarterly EPS above expectations, but its elevated valuation, competition and dependence on continued AI-related demand remain key risks.

Gibbs Wealth Management grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 37.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,062 shares of the semiconductor manufacturer's stock after buying an additional 2,199 shares during the period. Gibbs Wealth Management's holdings in Advanced Micro Devices were worth $4,933,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Advanced Micro Devices by 3.1% in the 2nd 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. 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 buying an additional 2,149,563 shares in the last quarter. Bank of America Corp DE bought a new position in Advanced Micro Devices during the second quarter worth about $7,022,226,000. Jennison Associates LLC grew its position in shares of Advanced Micro Devices by 5.8% during the 2nd 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 in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Advanced Micro Devices by 33.9% during the 2nd 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 during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark Papermaster sold 28,811 shares of the firm's stock in a transaction on 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 sale, the executive vice president owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This trade represents a 2.23% 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 Forrest Norrod sold 17,262 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the transaction, the executive vice president owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. This trade represents a 4.66% 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. In the last quarter, insiders sold 231,100 shares of company stock worth $114,867,400. Corporate insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $540.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Sanford C. Bernstein reiterated an "outperform" rating and set a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Wall Street Zen raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Sunday, October 4th. Mizuho boosted their price target on shares of Advanced Micro Devices from $580.00 to $705.00 and gave the company an "outperform" rating in a research note on Tuesday, October 6th. Finally, Morgan Stanley raised their price target on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a research report 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $606.76.

Advanced Micro Devices Stock Up 1.7%

Shares of NASDAQ AMD opened at $516.79 on Friday. The business has a 50-day moving average of $541.54 and a 200-day moving average of $483.45. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $843.64 billion, a price-to-earnings ratio of 132.85, a PEG ratio of 5.30 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. Advanced Micro Devices's revenue for the quarter was up 50.1% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current fiscal year.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Analyst support is helping sentiment. AMD received an analyst upgrade, while Erste Group raised its FY2027 earnings estimate to $15.05 per share from $14.80. The company’s long-term earnings outlook is being supported by expectations for continued AI accelerator demand. AMD Stock Jumps Following Analyst Upgrade
• Positive Sentiment: AI growth remains the core bullish argument. Articles point to AMD’s hyperscaler contracts, data-center expansion and expected product cycles as potential drivers of substantial future revenue growth. AMD recently reported 50.1% year-over-year revenue growth, and analysts continue to debate whether its AI opportunity is being underestimated. AMD’s Potential May Be Underestimated
• Neutral Sentiment: Today’s strength follows a broad technology rebound. AMD and Intel recovered after a sharp semiconductor sell-off, while AMD also contributed to gains in the Invesco QQQ Trust. This suggests some of the buying reflects sector rotation and short-term dip buying rather than a change in AMD’s fundamentals. Why AMD and Intel Stocks Are Gaining
• Negative Sentiment: Valuation and execution risks remain significant. AMD has already risen sharply this year, and its high earnings multiple leaves little room for disappointment. Investors are focused on whether upcoming earnings and new AI products can validate the expectations embedded in the stock. AMD Stock Price Prediction
• Negative Sentiment: Competitive and macroeconomic pressures could limit upside. Nvidia is expanding into CPU systems traditionally dominated by AMD and Intel, while higher oil prices, interest rates and questions about AI infrastructure spending are weighing on the broader semiconductor trade. Nvidia Enters the CPU Market

About Advanced Micro Devices

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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