Advanced Micro Devices, Inc. $AMD Stock Sold by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC reduced its AMD position by 14.9% in the third quarter, selling 23,598 shares and retaining 134,866 shares worth approximately $82.9 million. Institutional investors collectively own 71.34% of AMD.
• Analysts remain broadly positive, with AMD carrying a “Moderate Buy” consensus rating and an average price target of $603.51, supported by growth in data-center and AI businesses.
• AMD’s strong operating growth faces countervailing risks, including its elevated valuation, semiconductor-sector volatility, concerns over AI spending sustainability and substantial insider selling during the latest quarter.

SteelPeak Wealth LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,866 shares of the semiconductor manufacturer's stock after selling 23,598 shares during the period. Advanced Micro Devices accounts for approximately 2.0% of SteelPeak Wealth LLC's investment portfolio, making the stock its 11th biggest position. SteelPeak Wealth LLC's holdings in Advanced Micro Devices were worth $82,860,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. IFP Advisors Inc now owns 81,500 shares of the semiconductor manufacturer's stock worth $50,744,000 after purchasing an additional 1,042 shares during the last quarter. Founders Grove Wealth Partners LLC lifted its stake in Advanced Micro Devices by 8.7% in 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 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 valued at $1,555,000 after purchasing an additional 214 shares during the last quarter. Strata Wealth Advisors LLC lifted its stake in Advanced Micro Devices by 14.4% in the 3rd quarter. Strata Wealth Advisors LLC now owns 627 shares of the semiconductor manufacturer's stock valued at $384,000 after purchasing an additional 79 shares during the last quarter. Finally, Center For Asset Management LLC bought a new position in Advanced Micro Devices during the third quarter worth about $366,000. 71.34% of the stock is owned by institutional investors.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMD shares. KeyCorp set a $650.00 price target on Advanced Micro Devices in a research report on Wednesday, August 5th. Jefferies Financial Group set a $650.00 price objective on Advanced Micro Devices in a research note on Wednesday, August 5th. Morgan Stanley raised their price objective on 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. Susquehanna lifted their target price on Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "positive" rating in a research note on Thursday, July 30th. Finally, UBS Group reiterated an "overweight" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $603.51.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $528.75 on Monday. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. 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 50-day simple moving average of $537.02 and a two-hundred day simple moving average of $474.16. The stock has a market capitalization of $863.17 billion, a price-to-earnings ratio of 135.93, a price-to-earnings-growth ratio of 5.43 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business's revenue for the quarter was up 50.1% compared to the same quarter last year. Analysts forecast that Advanced Micro Devices, Inc. will post 6.49 EPS for the current year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the sale, the chief executive officer owned 74,211 shares of the company's stock, valued at $37,609,392.69. This represents a 25.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total value of $1,462,649.17. Following the sale, the senior vice president directly owned 26,623 shares in the company, valued at $13,010,393.87. This represents a 10.11% 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. Insiders sold 213,838 shares of company stock valued at $105,533,836 in the last quarter. Corporate 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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