Advanced Micro Devices, Inc. $AMD Stock Sold by Eads & Heald Wealth Management

Key Points

• Eads & Heald Wealth Management reduced its AMD stake by 16.5% in the third quarter, selling 1,300 shares and retaining 6,584 shares worth approximately $4.03 million. AMD remains the firm’s third-largest holding and represents 2% of its portfolio.
• Institutional investors own 71.34% of AMD, with major firms including BlackRock, State Street and Wellington increasing their positions. AMD insiders sold 231,100 shares worth about $114.9 million over the past three months, including sales by CEO Lisa Su and EVP Jean Hu under pre-arranged trading plans.
• AMD faces significant earnings-related volatility: investors are watching Helios AI shipments, EPYC server demand and fourth-quarter guidance, while the stock’s elevated valuation and competition with Nvidia raise downside risks. Analysts maintain a “Moderate Buy” consensus with an average price target of $608.78.

Eads & Heald Wealth Management trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 16.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,584 shares of the semiconductor manufacturer's stock after selling 1,300 shares during the quarter. Advanced Micro Devices makes up 2.0% of Eads & Heald Wealth Management's portfolio, making the stock its 3rd biggest holding. Eads & Heald Wealth Management's holdings in Advanced Micro Devices were worth $4,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares during the period. State Street Corp grew its position in shares of Advanced Micro Devices by 2.9% in the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock valued at $46,606,266,000 after purchasing an additional 2,149,563 shares during the period. Bank of America Corp DE acquired a new position in Advanced Micro Devices in the second quarter valued at $7,022,226,000. Jennison Associates LLC increased its stake in Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock valued at $5,793,388,000 after purchasing an additional 545,575 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock valued at $5,422,444,000 after purchasing an additional 2,365,419 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 25,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the completion of the transaction, the chief executive officer directly owned 74,211 shares in the company, valued at $37,609,392.69. This represents a 25.20% 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 sold a total of 231,100 shares of company stock valued at $114,867,400 over the last three months. Insiders own 0.50% of the company's stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Expectations remain favorable for AMD’s AI business. Its Helios AI systems began shipping in September, and investors will look for evidence that the product ramp can accelerate revenue growth. Analysts also cite strong AI demand and increasing EPYC server adoption as potential catalysts. AMD Reports Tuesday: Here’s the Number That Will Show Whether It’s Gaining on Nvidia
• Positive Sentiment: Morgan Stanley raised its AMD price target from $465 to $510 while maintaining an Equal Weight rating, suggesting some upside despite a cautious stance. Separately, Tiger Global reportedly initiated a roughly $392 million AMD position, signaling institutional interest ahead of earnings. Morgan Stanley AMD Ratings
• Neutral Sentiment: Third-quarter revenue is expected to be close to AMD’s approximately $13 billion forecast, making fourth-quarter guidance the key share-price catalyst. Investors will focus on the pace of Helios shipments, AI demand from hyperscalers and management’s outlook for Nvidia competition. AMD’s Guidance in Focus During Q3 Results
• Negative Sentiment: AMD is entering the report after a sharp pullback from its high, with options markets implying substantial post-earnings volatility and some data suggesting a possible further decline. Its elevated valuation increases the risk of a negative reaction if guidance fails to exceed expectations. Ahead of AMD Earnings: What Barchart Data Says Comes Next
• Negative Sentiment: Intel’s warning has revived concerns about weakness in the PC market, while rising memory prices and tighter supply could pressure costs across AI infrastructure. Analysts have also flagged competition, high expectations and “circular investing” risks involving AI companies.

Advanced Micro Devices Trading Down 7.5%

AMD stock opened at $466.84 on Tuesday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The company has a market cap of $762.10 billion, a price-to-earnings ratio of 120.01, a PEG ratio of 5.94 and a beta of 2.45. The business has a fifty day simple moving average of $548.16 and a 200-day simple moving average of $410.43. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results 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. 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 analysts' expectations of $11.31 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The firm's revenue for the quarter was up 50.1% compared to the same quarter last year. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMD shares. Zacks Research downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 1st. Sanford C. Bernstein restated an "outperform" rating and issued a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. BMO Capital Markets began coverage on shares of Advanced Micro Devices in a research note on Thursday, August 20th. They set an "outperform" rating and a $550.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group raised their target price on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $608.78.

Advanced Micro Devices 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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