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

Key Points

• Mezzasalma Advisors increased its AMD stake by 33.6% in the third quarter, purchasing 4,060 shares to own 16,137 shares valued at approximately $10.9 million. Institutional investors collectively hold 71.34% of AMD’s outstanding stock.
• Wall Street remains broadly positive, with AMD receiving a consensus “Moderate Buy” rating and an average price target of $603.51; analysts cited targets as high as $700.
• AMD reported strong quarterly results, with revenue rising 50.1% year over year and EPS beating estimates, but its high valuation and recent AI-market concerns create downside risk. Insiders have sold roughly $105.5 million of shares over the past 90 days.

Mezzasalma Advisors LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 33.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,137 shares of the semiconductor manufacturer's stock after purchasing an additional 4,060 shares during the quarter. Advanced Micro Devices comprises about 2.2% of Mezzasalma Advisors LLC's portfolio, making the stock its 12th biggest holding. Mezzasalma Advisors LLC's holdings in Advanced Micro Devices were worth $10,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AMD. Union Savings Bank increased its holdings in shares of Advanced Micro Devices by 27.0% during the 3rd quarter. Union Savings Bank now owns 353 shares of the semiconductor manufacturer's stock worth $216,000 after acquiring an additional 75 shares during the last quarter. Essex LLC boosted its position in Advanced Micro Devices by 5.5% during the third quarter. Essex LLC now owns 2,883 shares of the semiconductor manufacturer's stock worth $1,764,000 after purchasing an additional 150 shares during the period. SFM LLC d b a Sweeney Financial Advisors increased its holdings in shares of Advanced Micro Devices by 8.0% in the third quarter. SFM LLC d b a Sweeney Financial Advisors now owns 420 shares of the semiconductor manufacturer's stock valued at $257,000 after purchasing an additional 31 shares during the last quarter. Sanders Morris Harris LLC increased its holdings in shares of Advanced Micro Devices by 746.5% in the third quarter. Sanders Morris Harris LLC now owns 35,272 shares of the semiconductor manufacturer's stock valued at $21,633,000 after purchasing an additional 31,105 shares during the last quarter. Finally, Fairfield Financial Advisors LTD increased its holdings in shares of Advanced Micro Devices by 11.0% in the third quarter. Fairfield Financial Advisors LTD now owns 6,277 shares of the semiconductor manufacturer's stock valued at $3,840,000 after purchasing an additional 622 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMD. Sanford C. Bernstein restated an "outperform" rating and set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Advanced Micro Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Jefferies Financial Group set a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $540.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $603.51.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD’s AI positioning continues to strengthen. SemiAnalysis reportedly found that software improvements are helping AMD narrow NVIDIA’s AI-inference advantage without requiring new chips. AMD also introduced its Helios open-rack platform for agentic AI, with CPU-only and GPU configurations planned for availability in November. AMD Challenges Nvidia's AI Inference Lead AMD Helion Blueprint
• Positive Sentiment: AMD’s credit support for Fermi’s 222-megawatt Texas data-center lease could help ensure power availability for future AI deployments and chip demand. The broader project may eventually support up to 650 megawatts, although the arrangement also exposes AMD to infrastructure-related execution risk. Fermi Partnership With AMD
• Neutral Sentiment: AMD is reportedly acquiring World Labs, an AI startup led by Fei-Fei Li, in an all-stock transaction valued at approximately $8.2 billion. The technology could support 3D-world generation and robotics training, but the deal adds integration and valuation considerations. AMD World Labs Acquisition
• Negative Sentiment: CoreWeave’s bond selloff raised concerns that heavily leveraged AI infrastructure operators may struggle to finance expansion or generate adequate returns. That prompted investors to question future demand for AMD and other AI accelerators. AMD Stock Takes a Bigger Hit as Cracks Emerge in the AI Trade
• Negative Sentiment: A hotter-than-expected September inflation report increased interest-rate and financing concerns, while reports of an OpenAI revenue reset, elevated semiconductor valuations and intensifying Chinese competition added pressure. AMD’s roughly 183% year-to-date advance and premium earnings multiple leave the stock vulnerable to profit-taking. Why AMD Stock Is Falling

Advanced Micro Devices Trading Down 5.7%

Shares of AMD stock opened at $570.82 on Thursday. The stock has a market cap of $931.85 billion, a P/E ratio of 146.74, a price-to-earnings-growth ratio of 6.26 and a beta of 2.45. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year 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 stock has a 50 day simple moving average of $534.65 and a 200 day simple moving average of $469.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted 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. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company's revenue was up 50.1% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction, the executive vice president directly owned 117,687 shares of the company's stock, valued at $60,598,213.17. This trade represents a 11.30% 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 sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jean X. Hu sold 15,000 shares of the company's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president owned 160,979 shares of the company's stock, valued at $76,316,924.32. The trade was a 8.52% 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. Insiders have sold 213,838 shares of company stock valued at $105,533,836 in the last ninety days. Insiders own 0.50% of the company's stock.

About Advanced Micro Devices

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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