Advanced Micro Devices, Inc. $AMD Stock Sold by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak cut its AMD stake by 69.3% in the third quarter, selling 1,683 shares and retaining 746 shares valued at approximately $456,000.
• Institutional ownership remains substantial at 71.34%, with several firms—including Southpoint Capital Advisors, Dimensional Fund Advisors and Ferguson Wellman—raising their positions.
• AMD reported quarterly revenue of $11.54 billion and EPS of $1.66, beating analyst estimates, but the stock’s valuation remains elevated at a P/E ratio of 147.37; analysts maintain a “Moderate Buy” consensus with an average price target of $603.51.

Thurston Springer Miller Herd & Titak Inc. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 69.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 746 shares of the semiconductor manufacturer's stock after selling 1,683 shares during the quarter. Advanced Micro Devices accounts for 0.8% of Thurston Springer Miller Herd & Titak Inc.'s holdings, making the stock its 24th largest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Advanced Micro Devices were worth $456,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Southpoint Capital Advisors LP boosted its holdings in shares of Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after purchasing an additional 300,000 shares in the last quarter. Boomfish Wealth Group LLC bought a new position in shares of Advanced Micro Devices in the 1st quarter valued at $1,193,000. Dimensional Fund Advisors LP raised its holdings in shares of Advanced Micro Devices by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock worth $1,045,954,000 after buying an additional 291,165 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in shares of Advanced Micro Devices by 6,968.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock worth $85,995,000 after buying an additional 138,328 shares in the last quarter. Finally, Douglas Lane & Associates LLC lifted its position in shares of Advanced Micro Devices by 2,748.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer's stock worth $52,582,000 after buying an additional 82,934 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

AMD traded down $33.72 on Wednesday, reaching $571.81. The stock had a trading volume of 12,031,345 shares, compared to its average volume of 32,238,199. 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 company has a market capitalization of $933.46 billion, a price-to-earnings ratio of 147.37, a price-to-earnings-growth ratio of 6.15 and a beta of 2.45. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The firm has a 50-day moving average of $532.88 and a 200-day moving average of $466.70.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued 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. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm's quarterly revenue was up 50.1% on a year-over-year basis. During the same quarter last year, the business earned $0.48 EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.45 EPS for the current year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 28,811 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total value of $8,683,146.05. Following the completion of the transaction, the executive vice president directly owned 363,317 shares in the company, valued at approximately $182,766,616.85. This represents a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 213,838 shares of company stock worth $105,533,836. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD is narrowing Nvidia’s lead in AI inference through software improvements, according to SemiAnalysis, potentially improving the competitiveness of its existing accelerators without requiring major chip changes. AMD Challenges Nvidia's AI Inference Lead
• Positive Sentiment: The company introduced its Helios open-rack platform for agentic AI, offering CPU-only and combined CPU/GPU configurations and targeting more cost-efficient AI infrastructure. The initiative could support AMD’s data-center expansion and inference ambitions. AMD Helios Blueprint
• Positive Sentiment: AMD backed Fermi’s initial 222-megawatt Texas data-center lease, with the potential to support up to 650 megawatts. The arrangement may help address power shortages that could otherwise limit deployment of AMD hardware. Fermi Partnership
• Neutral Sentiment: AMD declined along with major chip stocks, weighing on the Nasdaq-100 and broad-market ETFs. Nvidia, Micron, Intel and other semiconductor shares also fell, indicating that much of the move is sector-wide rather than driven by a new AMD-specific earnings issue. QQQ and AMD Market Data
• Negative Sentiment: Investors are taking profits after AMD’s substantial year-to-date advance. Reports highlight a premium valuation, supply constraints and questions about whether future AI infrastructure spending can justify current prices.
• Negative Sentiment: Michael Burry’s bearish positioning against the Nasdaq and chip stocks reinforced concerns that AI-related shares may peak as customers struggle to convert expensive infrastructure investments into profits. Michael Burry Chip Stock Warning
• Negative Sentiment: AMD insider-trading data shows numerous open-market sales and no reported purchases over the past six months. While insider sales can be planned or compensation-related, the pattern adds to the market’s caution around the stock’s elevated valuation.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Argus raised their price objective on Advanced Micro Devices from $450.00 to $625.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. William Blair reissued a "market perform" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. DA Davidson boosted their target price on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Raymond James Financial raised shares of Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $565.00 to $641.00 in a report on Tuesday, August 25th. Finally, Piper Sandler initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, September 15th. They issued an "overweight" rating and a $600.00 price target on the stock. Three equities research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $603.51.

Advanced Micro Devices 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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