Advanced Micro Devices, Inc. $AMD Stock Purchased by IFP Advisors Inc

Key Points

• IFP Advisors increased its AMD position by 1.3% in the third quarter, purchasing 1,042 additional shares to hold 81,500 shares valued at approximately $50.7 million. Institutional investors collectively own 71.34% of AMD.
• AMD reported quarterly revenue of $11.54 billion and earnings of $1.66 per share, exceeding analyst expectations, while revenue grew 50.1% year over year.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $603.51, though AMD faces concerns over its elevated valuation, semiconductor-sector volatility and significant insider selling.

IFP Advisors Inc lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,500 shares of the semiconductor manufacturer's stock after buying an additional 1,042 shares during the period. Advanced Micro Devices makes up about 0.9% of IFP Advisors Inc's investment portfolio, making the stock its 12th biggest position. IFP Advisors Inc's holdings in Advanced Micro Devices were worth $50,744,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Founders Grove Wealth Partners LLC increased its position in shares of Advanced Micro Devices by 8.7% during the 3rd quarter. Founders Grove Wealth Partners LLC now owns 1,990 shares of the semiconductor manufacturer's stock valued at $1,217,000 after purchasing an additional 160 shares during the last quarter. CRA Financial Services LLC lifted its stake in shares of Advanced Micro Devices by 9.2% in the 3rd quarter. CRA Financial Services LLC now owns 2,542 shares of the semiconductor manufacturer's stock worth $1,555,000 after purchasing an additional 214 shares during the period. Strata Wealth Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 14.4% in the third quarter. Strata Wealth Advisors LLC now owns 627 shares of the semiconductor manufacturer's stock worth $384,000 after buying an additional 79 shares during the last quarter. Center For Asset Management LLC purchased a new position in shares of Advanced Micro Devices in the third quarter worth approximately $366,000. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 6.2% in the third quarter. Robertson Stephens Wealth Management LLC now owns 7,259 shares of the semiconductor manufacturer's stock worth $4,441,000 after buying an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $528.75 on Monday. The firm has a 50 day moving average of $537.02 and a 200 day moving average of $474.16. The firm 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, 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.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results 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 net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. During the same quarter last year, the business earned $0.48 EPS. The firm's revenue was up 50.1% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current year.

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

Analysts Set New Price Targets

A number of analysts have commented on AMD shares. Jefferies Financial Group set a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Zacks Research downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 1st. Mizuho increased their price target on shares of Advanced Micro Devices from $580.00 to $705.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 6th. Roth Capital lifted their price target on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Finally, Citigroup boosted their price objective on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the company a "buy" rating in a research report on Tuesday, October 6th. 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $603.51.

Insiders Place Their Bets

In other news, EVP Paul Grasby sold 15,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the sale, the executive vice president directly owned 117,687 shares of the company's stock, valued at $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa Su sold 70,000 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were 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 in the company, valued at $1,536,696,660.80. The trade was a 2.26% 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. Over the last quarter, insiders sold 213,838 shares of company stock valued at $105,533,836. 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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