Advanced Micro Devices, Inc. $AMD Stock Sold by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA reduced its AMD position by 3.8% in the third quarter, selling 3,362 shares and retaining 85,715 shares valued at approximately $52.4 million. Institutional investors own 71.34% of AMD.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share, beating analyst expectations. However, the stock’s elevated valuation—about 156 times earnings—has raised concerns about limited room for execution mistakes.
• Analysts maintain a generally bullish view, with a consensus “Moderate Buy” rating and a $585.26 price target. Investors will closely watch the company’s November 3 earnings report for evidence that strong AI infrastructure demand can support AMD’s valuation.

Jacobs & Co. CA cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,715 shares of the semiconductor manufacturer's stock after selling 3,362 shares during the period. Advanced Micro Devices comprises about 4.7% of Jacobs & Co. CA's portfolio, making the stock its 3rd largest position. Jacobs & Co. CA's holdings in Advanced Micro Devices were worth $52,437,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Advanced Micro Devices during the third quarter worth $29,000. JNBA Financial Advisors lifted its position in Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock valued at $30,000 after acquiring an additional 30 shares in the last quarter. Graney & King LLC acquired a new position in Advanced Micro Devices in the 1st quarter worth $31,000. Finally, Main Street Group LTD acquired a new position in Advanced Micro Devices in the 1st quarter worth $33,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 2.0%

NASDAQ:AMD opened at $608.10 on Friday. The firm has a market capitalization of $992.71 billion, a price-to-earnings ratio of 156.32, a price-to-earnings-growth ratio of 6.39 and a beta of 2.45. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The stock's 50 day moving average price is $528.95 and its two-hundred day moving average price is $459.44. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate 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 company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the prior year, the firm posted $0.48 EPS. The firm's revenue for the quarter was up 50.1% compared to the same quarter last year. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.48 earnings per share for the current fiscal year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AI infrastructure demand remains strong. TSMC reported record quarterly revenue, while Samsung also posted exceptionally strong results tied to AI memory demand—supportive read-throughs for AMD’s data-center and accelerator businesses. TSMC quarterly results
• Positive Sentiment: AMD is reportedly exploring a foundry and memory partnership with Samsung, potentially improving access to critical manufacturing and high-bandwidth memory as AI chip supply remains constrained. AMD Samsung partnership
• Positive Sentiment: The partnership with Core Scientific highlights potential demand for AMD-powered AI data centers, while analysts and bullish commentators continue to see upside from CPUs, accelerators and inference chips. Core Scientific and AMD partnership
• Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3. The report will be an important test of whether accelerating AI demand can justify the stock’s elevated valuation. AMD earnings date
• Negative Sentiment: Valuation concerns are dominating sentiment. AMD was cited as trading near 125 times free cash flow, far above Broadcom’s roughly 46 times, leaving little room for execution missteps or slower growth. AMD versus Broadcom valuation
• Negative Sentiment: A broader market selloff, rising Treasury yields and higher oil prices pressured richly valued technology shares. ARK Invest also sold approximately $14 million of AMD stock, adding a modest negative sentiment signal. ARK Invest AMD sale

Wall Street Analyst Weigh In

AMD has been the topic of a number of research reports. 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. Melius Research set a $660.00 target price on Advanced Micro Devices in a research report on Friday, July 24th. Loop Capital raised Advanced Micro Devices to a "strong-buy" rating in a research report on Tuesday, June 16th. TD Cowen reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Finally, KeyCorp set a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $585.26.

Insider Activity

In other news, CEO Lisa T. Su sold 25,000 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the transaction, the chief executive officer directly owned 74,211 shares in the company, valued at $37,609,392.69. The trade was a 25.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. 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 three months, insiders sold 213,838 shares of company stock valued at $105,533,836. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Company 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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